Hiawatha Flats
3625 E 43rd St,
Minneapolis, MN 55406
$1,275 - $2,435 Plus Fees
Studio - 2 Beds
Situated just five miles southeast of Minneapolis, the Ericsson community primarily consists of residential streets and large green spaces to create the perfect environment of suburban bliss. However, residents also enjoy easy access to some of the city's best shopping, restaurants, and nightlife thanks to the light rail station on Hiawatha Avenue that brings you to the heart of downtown.
A flurry of charming single-family homes and tall trees line the streets, but you also find a thriving community of local businesses. Whether you're fishing for walleye from the shores of Lake Hiawatha or searching for treasures at the local antique shop, Ericsson's small-town charm is sure to make you feel at home the second you move here.
As of November 2025, the average apartment rent in Ericsson is $1,264 for a studio, $1,718 for one bedroom, and $2,470 for two bedrooms. Apartment rent in Ericsson has increased by 5.6% in the past year.
Studio
480 sq ft
Average Sq Ft
$1,264/month
Average Rent
1 BR
712 sq ft
Average Sq Ft
$1,718/month
Average Rent
2 BR
1,119 sq ft
Average Sq Ft
$2,470/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Niche User
10 years and 5 months ago•Niche Review
very cold in winter but overall four full seasons
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.