Lago Apartments
500 W Lake St,
Minneapolis, MN 55408
$1,279 - $1,894 Total Monthly Price
Studio - 2 Beds
Presenting a blend of historic charm, eco-friendly living and chic entertainment, Lyndale creates an ideal environment for residents with a taste for culture. Artists flock to this neighborhood for its close proximity to galleries, studios and theaters, and a treasure trove of affordable apartments attracts residents from all walks of life. When you see a flurry of shoppers, hipsters, avid bikers and painters after walking just one block, you realize that Lyndale's culture has a flavor all its own.
Situated in south Minneapolis against Interstate 35W just south of Whittier, Lyndale lies just minutes from some of the hottest shopping, nightlife and entertainment in the state. Plus, you can't beat being able to walk out your door to grab some whole-grain bread and organic milk down the street. Whether you come for the low-cost studio apartments or the trendy atmosphere, get hooked on Lyndale after the first bite of yucca fries at Hola Arepa.
As of February 2026, the average apartment rent in Lyndale is $926 for a studio, $1,081 for one bedroom, $1,650 for two bedrooms, and $1,519 for three bedrooms. Apartment rent in Lyndale has increased by 2.8% in the past year.
Studio
733 sq ft
Average Sq Ft
$926/month
Average Rent
1 BR
645 sq ft
Average Sq Ft
$1,081/month
Average Rent
2 BR
876 sq ft
Average Sq Ft
$1,650/month
Average Rent
3 BR
850 sq ft
Average Sq Ft
$1,519/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.
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Niche User
10 years and 3 months ago•Niche Review
To me personally, I feel this area is the best fit for me because I don't usually drive and everything that I need is nearby. But one thing I am not happy with is the shootings that happens frequently. Two days ago, an adult was shot on the forehead but no action was taken. Sometimes, I feel so scared when I am walking down the streets because young adults have guns with them and if they request something from you, and you deny, the action is that they will shoot you or even threaten you. The security is the issue in this area.
Niche User
11 years and 3 months ago•Niche Review
the employment in this area is great
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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 February 2026.