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729 E 16th St #5

Minneapolis, MN 55404 - Hennepin County

Apartment

1 beds

1 baths

1,050 sqft

About 729 E 16th St #5

This 1-bedroom, 1-bathroom apartment offers approximately 1050 sq ft of inviting space within a classic low-rise building. The unit provides a comfortable setting that's easy to personalize and settle into from the start. Set in the Elliot Park neighborhood, you're just minutes from downtown Minneapolis, with nearby access to Elliot Park, Peavey Park and everyday dining and shopping along Franklin Avenue and Chicago Avenue. Public transit and major roadways are conveniently close, making commuting simple. Water/Sewer/Gas included in the rent. Section 8 Approved. No Smoking. Ask about our Rent Concessions. Professionally Managed by Algo Realty Inc. Beyond Backgrounds Financial Assurance May Be Required.

RentalSource last checked: June 11, 2026 · 5:18 AM ET

Last updated: April 1, 2026 at 2:42 PM ET

Managed by: Algo Realty · (612) 662-8831 · TenantTurner

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,195
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	1,050 sqft
Pet Friendly:	Inquire
Listing Status:	Active
ID:	83343014

Community Features

• Public Transportation

Leasing Information

Fees: Application fee $50 (mandatory, nonrefundable, pre-move-in). Lease processing fee $150 (mandatory, nonrefundable, pre-move-in). Lease term: Contact manager for leasing options.

Additional Details

Apartment for rent in Minneapolis for $1,195 with 1 bed, 1 bath, 1,050 sqft and located at 729 E 16th St #5 in Minneapolis, MN 55404. The rental price of $1,195 is 10.4% ($139) lower than the average rent of $1,334 for a 1 bedroom apartment in Minneapolis, MN and 11.6% ($157) lower than the average rent of $1,352 for a 1 bedroom apartment in Hennepin County. 729 E 16th St #5 was advertised by Algo Realty on March 31, 2026 at 10:44 AM ET, last updated on April 1, 2026 at 2:42 PM ET and last checked today at 5:18 AM ET.

Affordability Calculator

Can I afford to live at 729 E 16th St #5?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$47,800 /year

With your chosen rent-to-income ratio, an annual income of $47,800 is recommended to comfortably afford this 1-bedroom rental priced at $1,195 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,195

Rent Affordability Calculator

Interested in 729 E 16th St #5?

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Property managed by:

Algo Realty
(612) 662-8831

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.