Dakar on Lake
1626 E Lake St,
Minneapolis, MN 55407
$1,199 - $1,699 Plus Fees
1-2 Beds
Powderhorn Park
Minneapolis, MN
Powderhorn Park - Minneapolis, MN Area Guide
Niche Reviews 
A biker’s paradise just three miles south of downtown
Walkable
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Bike-Friendly
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Active
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Affordable
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Commuter
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Nestled just three miles south of Downtown Minneapolis, Powderhorn Park surrounds a beautiful greenspace with the same name. This park offers athletic fields, a lake, a recreation center, and community events. Apartments vary from affordable to mid-range, and many are within walking distance of the neighborhood’s 66-acre park. The neighborhood’s walkability and biker-friendly streets make it even more appealing to renters, along with its easy access to the city center. Powderhorn Park is mainly residential, with a few local restaurants within the neighborhood, and even more options on the outskirts of town.
Rent Trends
As of March 2026, the average apartment rent in Powderhorn Park is $1,033 for a studio, $922 for one bedroom, $956 for two bedrooms, and $619 for three bedrooms. Apartment rent in Powderhorn Park has increased by 1.2% in the past year.
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Studio
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503 sq ft
Average Sq Ft
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$1,033/month
Average Rent
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1 BR
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603 sq ft
Average Sq Ft
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$922/month
Average Rent
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2 BR
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910 sq ft
Average Sq Ft
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$956/month
Average Rent
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3 BR
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1,200 sq ft
Average Sq Ft
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$619/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Powderhorn Park - Minneapolis, MN is for everyday living.
Very Walkable
81
/ 100
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
53
/ 100
The area around this property has good transit with many nearby transportation options.
Biker's Paradise
94
/ 100
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Scores provided by Walk Score
Reviews of Powderhorn Park - Minneapolis, MN
Niche Reviews
6 Reviews
Nearby Resident
5 years ago•Niche Review
Biggest park over south and in the city. Its average has some problems but theirs lots of cameras and gentrifiers now
Current Resident
7 years and 2 months ago•Niche Review
We've lived in Powderhorn for 10 yrs. It has wonderful diversity and a thriving arts community too. There are some issues with petty theft (package theft, looking for unlocked cars, etc...). But we've been able to stop those with some security measures. Neighbors are great. We live on a block with almost all duplexes and most are owner occupied. Some of the issues arise from our proximity to ChiLake Liquors. But being so close to the park, Mayday Cafe, greenway and Midtown Global Market make up for it.
Points of Interest
Shopping Centers
Parks and Recreation
- Powderhorn Park
- Corcoran Park
- Stewart Park
- Phelps Park
- Sibley Park
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
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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 February 2026.