240 Park Avenue
240 Park Ave,
Minneapolis, MN 55415
$1,550 - $7,995 Plus Fees
1-3 Beds
Mill District
Minneapolis, MN
Mill District - Minneapolis, MN
Area Guide
Delight in the historic charm of this downtown, riverside neighborhood
Urban
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Historic
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Scenic
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Charming
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Riverside
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Nestled alongside the banks of the mighty Mississippi River, the Mill District is an exciting neighborhood in the eastern portion of Downtown Minneapolis. The Mill District is known for its stunning mix of historic architecture and modern delights.
The Mill District is home to a number of former flour mills, remnants of Minneapolis’ past life as the flour milling capital of the world. Many of these former flour mills have been converted into luxury lofts and condos. Even if you don’t live in one, you’ll appreciate the look of these impressive brick structures and their vintage signage juxtaposed against the modern Minneapolis skyline.
The neighborhood offers plenty of green space and opportunities for outdoor recreation at Mill Ruins Park and Gold Medal Park, along with close proximity to the Commons, U.S. Bank Stadium, and Bohemian Flats Park. Several cultural institutions call the neighborhood home, including Guthrie Theater and Mill City Museum. Most residents enjoy easy commutes with great access public transit, I-35W, the University of Minnesota Law School, Augsburg University, and countless downtown employers.
Rent Trends
As of January 2026, the average apartment rent in Mill District is $1,525 for a studio, $1,930 for one bedroom, $3,180 for two bedrooms, and $6,632 for three bedrooms. Apartment rent in Mill District has decreased by -1.6% in the past year.
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Studio
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577 sq ft
Average Sq Ft
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$1,525/month
Average Rent
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1 BR
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734 sq ft
Average Sq Ft
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$1,930/month
Average Rent
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2 BR
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1,170 sq ft
Average Sq Ft
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$3,180/month
Average Rent
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3 BR
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1,926 sq ft
Average Sq Ft
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$6,632/month
Average Rent
Transportation
89
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
81
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
93
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.
Points of Interest
Shopping Centers
Parks and Recreation
- Mills City Museum
- Mill Ruins Park
- First Bridge Park
- Father Hennepin Bluffs Park
- Water Power Park
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Mill District
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Methodology
† 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.