Balsam on Broadway
540 Broadway St,
Saint Paul, MN 55101
$1,606 - $2,502 | 1-3 Beds
Located just 12 miles east of the heart of Minneapolis, Payne-Phalen is large neighborhood outside of Downtown Saint Paul. While Downtown Saint Paul’s attractions and world-renowned eateries are at Payne-Phalen resident’s fingertips, cafes and a variety of restaurants can be found in the neighborhood off Payne Avenue. For shopping opportunities, residents can either travel downtown to get to Town Square Complex or stay in town to explore shopping plazas off Highway 61.
Within Payne-Phalen, family-friendly greenspaces and the lakefront Phalen Regional Park offer residents a variety of outdoor activities. Most of the neighborhood consist of residential areas, and renters will find that Payne-Phalen has a diverse rental market. From trendy lofts to quaint cottage-style homes, this neighborhood has a spot for just about every renter.
As of April 2025, the average apartment rent in Payne-Phalen is $828 for a studio, $995 for one bedroom, $1,184 for two bedrooms, and $1,284 for three bedrooms. Apartment rent in Payne-Phalen has increased by 8.2% in the past year.
Studio
479 sq ft
Average Sq Ft
$828/month
Average Rent
1 BR
706 sq ft
Average Sq Ft
$995/month
Average Rent
2 BR
874 sq ft
Average Sq Ft
$1,184/month
Average Rent
3 BR
1,048 sq ft
Average Sq Ft
$1,284/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.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Current Resident
6 years and 9 months ago•Niche Review
Great place to live and work. Great neighborhood. Very affordable housing. Close to public transportation. Lots of local culture
Niche User
9 years ago•Niche Review
It's pretty peaceful except I have had a moment when dogs would just pop out of no where but overall nothing bad happened.
Niche User
9 years ago•Niche Review
More often than not, I wonder about my safety in my neighborhood/area in contrast to police being there when they need to be. Especially in the summer I can't go down the street to the store without getting catcalled. Additionally, I've called local police about noise complaints about the house across the street from me several times, but I doubt if anyone gets sent. It still happens.
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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 2025.