The Station at Malcolm Yards
485 Malcolm Ave SE,
Minneapolis, MN 55414
$1,330 - $2,455 Total Monthly Price
Studio - 2 Beds
Area Guide
Prospect Park Minneapolis, MN
An ideal location on the Mississippi River
Parks
•
Outdoors
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Walkable
Bordering the University of Minnesota and the Mississippi River, Prospect Park is a historic neighborhood featuring a dynamic blend of modern amenities and lush natural beauty in a 1.25-square-mile package. Prospect Park residents enjoy a true community atmosphere fostered by an array of frequent festivals, events, block parties, and a community garden. Locals delight in sweeping views of the Minneapolis skyline at Tower Hill Park, which also boasts the iconic Witch’s Hat water tower. Within its borders, Prospect Park contains TCF Bank Stadium, home of the Minnesota Golden Gophers. The sprawling Surly Brewing Company is located in Prospect Park as well, offering residents access to a beer hall, beer garden, tours, event space, and an upstairs eatery.
University Avenue serves as the neighborhood’s main thoroughfare, touting an array of diverse eateries and shops. In addition to being remarkably walkable, Prospect Park is known for its great access to transportation, including I-94 and the Prospect Park Light Rail Station.
Explore the Neighborhood
Rent Trends
As of June 2026, the average apartment rent in Prospect Park is $1,215 for a studio, $1,530 for one bedroom, $2,022 for two bedrooms, and $3,445 for three bedrooms. Apartment rent in Prospect Park has increased by 1.6% in the past year.
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Studio
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453 sq ft
Average Sq Ft
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$1,215/month
Average Rent
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1 BR
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637 sq ft
Average Sq Ft
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$1,530/month
Average Rent
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2 BR
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1,048 sq ft
Average Sq Ft
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$2,022/month
Average Rent
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3 BR
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386 sq ft
Average Sq Ft
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$3,445/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Prospect Park - Minneapolis, MN is for everyday living.
Moderately Walkable
Walkability
70
/ 100
Good Public Transit
Transit
60
/ 100
Moderately Drivable
Drivability
70
/ 100
Moderately Bikeable
Bikeability
70
/ 100
Daily Essentials
Prospect Park - Minneapolis, MN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
80
/ 100
Good Restaurant Variety Nearby
Restaurants
60
/ 100
Fair Café Variety Nearby
Cafes
40
/ 100
Fair Variety of Shops Nearby
Shopping
40
/ 100
Recreation
Prospect Park - Minneapolis, MN provides ample green space and fitness centers within easy reach.
Exceptional Amount of Park Space Nearby
Parks
100
/ 100
Good Wellness Amenity Variety Nearby
Wellness
70
/ 100
Local Vibe
Get a sense of what it’s like to live in Prospect Park - Minneapolis, MN from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
40
/ 100
Limited Nightlife Variety Nearby
Nightlife
30
/ 100
Moderately Noisy
Quiet Score
40
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- Luxton Park
- Tower Hill Park
- East River Flats Park
- Matthews Park
- Riverside Park
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Prospect Park
Houses for Rent in Prospect Park
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Nearby City Rentals
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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 June 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.