Riverside Flats Apartments

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940 Franklin Ter, Minneapolis, MN 55406
(763) 363-5530
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Riverside Flats

940 Franklin Ter
Minneapolis, MN 55406
(763) 363-5530
Riverside Flats in Minneapolis, MN - Building Photo
  • 1–2 Bedrooms
  • $1,100–$1,450Rent Pricing
  • 535–800Square Feet

Rent Specials

$1400 Move In Special + $500 Visa Gift Card!~~Receive a $1400 rent credit when you move in to your new home at Riverside Flats! Plus, receive a $500 Visa Gift Card! Contact our team today to schedule your tour! Restrictions apply.

Ask Us About Our Specials

About Riverside Flats

Riverside Flats is ideally located near the U of M West Bank campus, the Mississippi River, several parks, biking/walking paths, restaurants, local services and so much more! You are minutes from I-94 with easy access to I-35W and I-280. We recently updated the common areas and offer several amenities you won't find in the neighborhood...elevator, underground parking, laundry on each floor, dishwasher, balcony (optional) and lots of closet space. Come check out your new home!

Riverside Flats is located in the Seward Neighborhood and 55406 Zip code of Minneapolis, MN. This community is professionally managed by KRC Apartments

Property Contact Info

Floorplan Pricing and Availability

Riverside Flats offers 1 to 2 Bedroom apartments starting from $1,100 and having 535–800 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    From $1,100

    1 Bedroom A

    1 Bed, 1 Bath, 535 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,100Available Now101535

    Unit 101 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 101 Rent and Fees

    Price

    • $1,100

    Model Deposit

    • $400 deposit

    Model Rent and Fees

    Price

    • $1,070 - $1,485

    From $1,200

    1 Bedroom B

    1 Bed, 1 Bath, 640 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,200Available Now109640
    $1,200Available Now111640

    Model Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Model Rent and Fees

    Price Range

    • $1,185 - $1,200

    Price

    • $1,200

    Deposit

    • $400 deposit

    Unit 109 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 109 Rent and Fees

    Price

    • $1,200

    Model Deposit

    • $400 deposit

    Model Rent and Fees

    Price

    • $1,185 - $1,200

    Unit 111 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 111 Rent and Fees

    Price

    • $1,200

    Model Deposit

    • $400 deposit

    Model Rent and Fees

    Price

    • $1,185 - $1,200

    From $1,200

    1 Bedroom C

    1 Bed, 1 Bath, 670 sq ftLargest 1 BedroomThis is the largest 1 Bedroom at this PropertyAvailable Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,200Available Now406670

    Unit 406 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 406 Rent and Fees

    Price

    • $1,200

    Model Deposit

    • $400 deposit

    Model Rent and Fees

    Price

    • $1,185 - $1,200
  • 2 Bedrooms

    From $1,450

    2 Bedroom C

    2 Beds, 1 Bath, 755 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,450Available Now105755
    $1,450Available Now405755

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Intercom
    • Smoke Free
    • Storage Space
    • Tub/Shower

    Kitchen

    • Dishwasher
    • Eat-in Kitchen
    • Freezer
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Price Range

    • $1,450 - $1,485

    Price

    • $1,450

    Deposit

    • $400 deposit

    Unit 105 Rent and Fees

    Price

    • $1,450

    Model Deposit

    • $400 deposit

    Model Rent and Fees

    Price

    • $1,450 - $1,485

    Unit 405 Rent and Fees

    Price

    • $1,450

    Model Deposit

    • $400 deposit

    Model Rent and Fees

    Price

    • $1,450 - $1,485

    From $1,450

    2 Bedroom D

    2 Beds, 1 Bath, 800 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,450Available Now310800

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Intercom
    • Smoke Free
    • Storage Space
    • Tub/Shower

    Kitchen

    • Dishwasher
    • Eat-in Kitchen
    • Freezer
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Unit 310 Rent and Fees

    Price

    • $1,450

    Model Rent and Fees

    Price

    • $1,450 - $1,485
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (763) 363-5530 to schedule a tour.

Property Information

Lease Terms

  • 6 Months, 12+ Months

Utilities Included

  • Heat

Pet Policy

Pet Policy - Cats

  • Cats Allowed
  • 2 Pet Limit
  • Must Be Spayed/Neutered
  • $200 Fee
  • Must Be At Least 1 Year Of Age.

No Brontosauruses Allowed

Pet policies can vary depending on the type of pet. Find out if we accept your pets!

Parking Fees & Info

Parking Garage

  • Garage Fee: $65 /Mo

Fee & Deposit Info

Recurring Fees

  • $65 Garage Fee

One-Time Fees

  • $50 Application Fee

3D Tours

Features and Amenities

Unique Amenities

  • Balcony in some units
  • Remodeled Units

On-Site Services

  • Property Manager On Site
  • Recycling
  • 24 Hour Access
  • Laundry Facilities

Community Features

  • Elevator

Outdoor Features

  • Roof Terrace
  • Controlled Access

Recreation and Fitness

  • Walking/Biking Trails

Interior Features

  • Balcony
  • Storage Space
  • Heating
  • Tub/Shower
  • Ceiling Fans
  • High Speed Internet Access
  • Intercom
  • Cable Ready
  • Air Conditioning
  • Smoke Free

Kitchen Amenities

  • Freezer
  • Kitchen
  • Stainless Steel Appliances
  • Dishwasher
  • Eat In Kitchen
  • Range
  • Refrigerator
  • Oven

Living Area Features

  • Vinyl Flooring
  • Views
  • Carpet
  • Window Coverings

Parking Street

  • Street Parking Available

Unique Amenities

  • Garage Available
Google Map

Map

940 Franklin Ter, Minneapolis, MN 55406

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
MondayBy Appointment
TuesdayBy Appointment
WednesdayBy Appointment
ThursdayBy Appointment
FridayBy Appointment
SaturdayBy Appointment
SundayClosed

Getting Around

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

100 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

51 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Riverside Flats

Where is Riverside Flats located?

Riverside Flats is located at 940 Franklin Ter near the Seward area of Minneapolis, MN

What is the current rent range at Riverside Flats?

1 Bedroom to 2 Bedroom Apartments at Riverside Flats currently range from $1,100 to $1,450

When is the leasing office open?

  • The office Hours for Riverside Flats are
  • Monday By Appointment
  • Tuesday By Appointment
  • Wednesday By Appointment
  • Thursday By Appointment
  • Friday By Appointment
  • Saturday By Appointment
  • Sunday Closed

Are pets allowed?

Cats are allowed at Riverside Flats. To find out more info the policy regarding pets call us today!

Are there any rent specials?

The current rent special at Riverside Flats is: $1400 Move In Special + $500 Visa Gift Card!~~Receive a $1400 rent credit when you move in to your new home at Riverside Flats! Plus, receive a $500 Visa Gift Card! Contact our team today to schedule your tour! Restrictions apply..

Lifestyle Ratings

  • Affordability Nice Value3.4

    The Riverside Flats Apartments are 48.95% cheaper than the average apartment in the Seward area, and 36.9% cheaper than the average apartment city-wide.

    Rent Comparison to the Seward Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$1,070$1,954-$884-45.2%
    2 Bedroom$1,450$3,063-$1,613-52.7%

    Rent Comparison to the city of Minneapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$1,070$1,660-$590-35.5%
    2 Bedroom$1,450$2,351-$901-38.3%

    Methodology: On 03/24/2025, ApartmentHomeLiving.com compared current rents by floorplan to 121 other apartment communities in the immediate area around Riverside Flats (Seward), and 4087 other apartment communities in Minneapolis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 03/24/2025

  • Transit Friendly 3.4

    Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
0 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

Nearby Schools

Andersen Community

Minneapolis Public School Dist.
1098 Andersen Lane
Public School - Grades PK-8 (747 Students)
In Attendance Zone5 minute drive / 1.7 miles away

South Senior High

Minneapolis Public School Dist.
3131 19th Avenue South
Public School - Grades 9-12 (1466 Students)
In Attendance Zone4 minute drive / 1.5 miles away
5/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Riverside Flats.

Arts Museums and Landmarks

900 South 5th Street
5 minute drive / 1.69 miles away
818 South 2nd Street
5 minute drive / 1.78 miles away
821 Marquette Avenue South
4 minute drive / 2.29 miles away

Big Box and Retail

Aldi
1311 E Franklin Ave
3 minute drive / 1.24 miles away
Autozone
2940 Clinton Ave
4 minute drive / 2.2 miles away
Walgreen's
4547 Hiawatha Ave
5 minute drive / 2.79 miles away

Colleges and Universities

2211 Riverside Ave
1 minute drive / 0.66 miles away
100 Church Street SE
4 minute drive / 1.56 miles away
910 Elliot Avenue
4 minute drive / 1.66 miles away

Groceries

Cub Foods
2850 S 26th Ave
1 minute drive / 0.65 miles away
Aldi
1311 E Franklin Ave
3 minute drive / 1.24 miles away
Whole Foods
222 Hennepin Ave
5 minute drive / 2.51 miles away

Hospitals

University Of Minnesota Medical Center, Fairview
2450 Riverside Avenue
1 minute drive / 0.59 miles away
Children's Hospitals & Clinics Of Minnesota
2525 Chicago Avenue South
4 minute drive / 1.61 miles away
Abbott Northwestern Hospital
800 East 28th Street
5 minute drive / 1.67 miles away

Military Bases

10 minute drive / 4.75 miles away

Parks and Recreation

3400 15th Ave. S
5 minute drive / 1.75 miles away
1382 Willow St.
5 minute drive / 2.62 miles away
2500 Lake Isles Pkwy. E
7 minute drive / 3.57 miles away

Riverside Flats has 5 parks within 4.0 miles, including Powderhorn Park, Loring Park, Lake of the Isles, The Grand Rounds, and Como Zoo.

Shopping Centers

2111 E Franklin Ave
1 minute drive / 0.62 miles away
2850-2872 S 26th Ave
1 minute drive / 0.64 miles away
Lake St
2 minute drive / 0.83 miles away

Riverside Flats has 5 shopping centers within 1.0 miles.

Transit Stations

1883 E Franklin Ave
2 minute drive / 0.85 miles away
3761 Hiawatha Ave
5 minute drive / 1.75 miles away
356 S 5th St
4 minute drive / 2.1 miles away

Nearby Neighborhoods

Studio to 4 Bedroom Apartments from $620
View Rentals
Studio to 5 Bedroom Apartments from $570
View Rentals
Studio to 5 Bedroom Apartments from $519
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,379$640$6,320
Minneapolis 1 Bedroom Apartments $1,660$745$10,000+
Minneapolis 2 Bedroom Apartments $2,351$519$10,000+
Minneapolis 3 Bedroom Apartments $2,625$495$10,000+
Minneapolis 4 Bedroom Apartments $2,262$495$5,341
Minneapolis 5 Bedroom Apartments $3,503$2,550$4,050

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Viewing: Riverside Flats | Desktop Version | Listing Updated: 03/21/2025 | AHLGLD