Parkline Flats
2110 S Park Ave,
Minneapolis, MN 55404
$899 - $1,049 Plus Fees
Studio - 1 Bed | 12 Month Lease
Phillips continues to grow as a sought-after urban locale just south of Downtown Minneapolis thanks to its developing business scene, engaging community groups, a calendar of local events, and an active, diverse community. Phillips encompasses four smaller neighborhoods: Ventura Village, Phillips West, East Phillips, and Midtown Phillips. South of downtown by just over two miles, Phillips has links to the heart of the city; yet its parks, historic Franklin Avenue, and thriving arts scene will make anyone feel at home.
Phillips hosts both locally owned businesses and some of Minneapolis’ biggest companies, such as Wells Fargo Bank and Abbott Northwestern Hospital. Because of the nearby employers, namely the hospitals and shopping centers along Franklin Avenue and East Lake Street, there’s an incredible variety of rentals. Long-standing apartments and townhomes share the street with eye-catching Victorian homes, some still occupied by single families, others split into rental units. Either way, Phillips provides a convenient environment for those who can walk to work, or those who just want to be close to the action.
As of May 2026, the average apartment rent in Phillips is $1,057 for a studio, $801 for one bedroom, $895 for two bedrooms, and $1,155 for three bedrooms. Apartment rent in Phillips has increased by 0.6% in the past year.
Studio
385 sq ft
Average Sq Ft
$1,057/month
Average Rent
1 BR
540 sq ft
Average Sq Ft
$801/month
Average Rent
2 BR
259 sq ft
Average Sq Ft
$895/month
Average Rent
3 BR
725 sq ft
Average Sq Ft
$1,155/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Phillips - Minneapolis, MN is for everyday living.
Moderately Walkable
Walkability
Strong Public Transit
Transit
Exceptionally Drivable
Drivability
Phillips - Minneapolis, MN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
Good Restaurant Variety Nearby
Restaurants
Good Café Variety Nearby
Cafes
Good Variety of Shops Nearby
Shopping
Phillips - Minneapolis, MN provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
Good Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Phillips - Minneapolis, MN from everyday activity to noise and nightlife.
Vibrant Atmosphere
Vibrancy
Good Nightlife Variety Nearby
Nightlife
3,507
Communities
965,041
Units
893
Cities
708
Communities
195,840
Units
336
Cities
653
Communities
180,899
Units
259
Cities
606
Communities
121,571
Units
242
Cities
569
Communities
127,116
Units
220
Cities
453
Communities
107,937
Units
226
Cities
† 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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.