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7501 - 7515 Penn Ave

Minneapolis, MN 55423 - Hennepin County

Apartment

1 beds

1 baths

608 sqft

About 7501 - 7515 Penn Ave

Experience urban living at it's finest in this 1-bedroom apartment, perfectly positioned just one block from Best Buy Corporate Office. This unit offers lots of natural light through generous windows, creating a warm and inviting atmosphere throughout. The thoughtfully designed layout features an inviting eat-in kitchen, perfect for both casual dining and entertaining. Storage worries are a thing of the past with abundant in-unit closet space plus your own dedicated storage unit - ideal for bikes, seasonal items or extra belongings. Convenience meets comfort with: Reserved off-street parking. Prime location near Rainbow, Target and Southtown Mall, the Airport, Best Buy and more. Easy access to public transportation. Cat-friendly community (additional fees apply) Utilities not included. $40 application fee per person. Refrigerator & Range.

RentalSource last checked: June 12, 2026 · 3:20 PM ET

Last updated: April 3, 2026 at 3:45 PM ET

Managed by: Penn Apartments · (952) 545-9155

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$995
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	608 sqft
Pet Friendly:	No
Listing Status:	Active
ID:	83362545

Property Amenities

• Refrigerator

• Walk-in Closets

Community Features

• Bike Paths

• Public Transportation

• Parking

• Storage

Additional Details

Apartment for rent in Minneapolis for $995 with 1 bed, 1 bath, 608 sqft and located at 7501 - 7515 Penn Ave in Minneapolis, MN 55423. The rental price of $995 is 25.4% ($339) lower than the average rent of $1,334 for a 1 bedroom apartment in Minneapolis, MN and 26.4% ($357) lower than the average rent of $1,352 for a 1 bedroom apartment in Hennepin County. This apartment is in the Intermediate 287 School District and the nearest schools are Washburn Elementary School, Richfield Middle School and Richfield Senior High School. 7501 - 7515 Penn Ave was advertised by Penn Apartments on April 3, 2026 at 9:30 AM ET and last checked yesterday at 3:20 PM ET.

Affordability Calculator

Can I afford to live at 7501 - 7515 Penn Ave?

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

$39,800 /year

With your chosen rent-to-income ratio, an annual income of $39,800 is recommended to comfortably afford this 1-bedroom rental priced at $995 per month.

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

Apartment for rent

$995

Rent Affordability Calculator

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Property managed by:

Penn Apartments
(952) 545-9155

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