1 Bed / 1 Bath Unit 424
$1,625/mo
605 ft² · $2.69/ft²
Starting base rent
Available: Contact for availability
Down $50 since Oct 7 (was $1,675)
Updated
Borealis Apartments
721 N 1st St, Minneapolis, MN 55401, USA
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Live pricing, refreshed
11
Units Listed
$1,625
Starting at
$2,132
Average
$3,499
Highest
$3.10
Per Sq Ft
How does this compare? View Central Minneapolis rent trends
Beds
Pricing by Bedroom
1 Bed
$1,841
from $1,625 · 8 units
~605 sqft avg
2 Bed
$2,906
from $2,471 · 3 units
~910 sqft avg
Rent Distribution
Price by Bedroom
Price Breakdown
Rent by Unit
Price vs. Square Footage
Price History
Timeframe
Property Price Trend
History follows your bedroom selection. Current rent limits and move-in dates do not change past averages.
Units with Price Changes (8)
Last 15 days
Estimated Building Revenue
How is this calculated?
Rental revenue model
We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.
- Building size: modeled from how many distinct units we have observed over time
- Occupancy: building size minus currently listed units
- Rents: observed lease-offs first, current asking rents as fallback
These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).
Est. Monthly Revenue
$676K
$8.1M annual run rate
Modeled estimate
Est. Occupancy
96%
of about 300 units (modeled from leasing activity)
Effective Rent on New Leases
$2,341
vs $2,132 current asking
Recent Lease Activity
107 units tracked; 96 assumed leased, 11 listed nowSee which units leased, when they left the market, and the rent they leased at.
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How is this calculated?
Negotiation Leverage Score (0-100)
Based on 5 observable signals from the property's listing data:
- +30 pts: 15+ units currently listed
- +25 pts: Active move-in specials
- +20 pts: Deep discounts (>$150/mo off)
- +15 pts: 5+ distinct floor plans
- +10 pts: 25+ units listed
All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.
Listed Units
11
Moderate availability
9 floor plans
Move-in Specials
0
No active promotions
Negotiation Leverage
Limited leverage
The available listings show few signs of room to negotiate.
Price vs. Central Minneapolis
Neighborhood Mill City Quarter Apartments $1,199 270 Hennepin Apartments $1,250 Variant $1,250 The Hall Lofts $1,259 North Loop Green 360 $1,397.25 Mill City Apartments $1,455 Dock Street Flats North Loop Apartments $1,499 Third North Apartments $1,499 NoLo Living - NoLo South $1,523 The Paxon $1,559
Borealis Apartments $1,625
Comparing 11 apartments in Central Minneapolis. Click any bar to view that building.
See Central Minneapolis rent trends on the Minneapolis, MN map Explore Minneapolis, MN on the interactive map
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Available Units
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1 Bed / 1 Bath Unit 421
$1,741/mo
529 ft² · $3.29/ft²
Starting base rent
Available: Contact for availability
1 Bed / 1 Bath Unit 401
$1,742/mo
565 ft² · $3.08/ft²
Starting base rent
Available: Contact for availability
1 Bed / 1 Bath Unit 520
$1,787/mo
529 ft² · $3.38/ft²
Starting base rent
Available: Contact for availability
1 Bed / 1 Bath Unit 717
$1,859/mo
579 ft² · $3.21/ft²
Starting base rent
Available: Contact for availability
1 Bed / 1 Bath Unit 515
$1,949/mo
759 ft² · $2.57/ft²
Starting base rent
Available: Contact for availability
1 Bed / 1 Bath Unit 102
$1,999/mo
697 ft² · $2.87/ft²
Starting base rent
Available: Contact for availability
Down $84 since Oct 7 (was $2,083)
1 Bed / 1 Bath Unit 617
$2,029/mo
579 ft² · $3.50/ft²
Starting base rent
Available: Contact for availability
2 Bed / 1 Bath Unit 305
$2,471/mo
840 ft² · $2.94/ft²
Starting base rent
Available: Contact for availability
2 Bed / 1 Bath Unit 719
$2,749/mo
801 ft² · $3.43/ft²
Starting base rent
Available: Contact for availability
| Unit | Floor Plan | Details | |||||
|---|---|---|---|---|---|---|---|
| 424 | | 1bd / 1ba | 605 | $1,625 Starting base rent | $2.69 | -- | Down $50 since Oct 7 |
| 421 | | 1bd / 1ba | 529 | $1,741 Starting base rent | $3.29 | -- | |
| 401 | | 1bd / 1ba | 565 | $1,742 Starting base rent | $3.08 | -- | |
| 520 | | 1bd / 1ba | 529 | $1,787 Starting base rent | $3.38 | -- | |
| 717 | | 1bd / 1ba | 579 | $1,859 Starting base rent | $3.21 | -- | |
| 515 | | 1bd / 1ba | 759 | $1,949 Starting base rent | $2.57 | -- | |
| 102 | | 1bd / 1ba | 697 | $1,999 Starting base rent | $2.87 | -- | Down $84 since Oct 7 |
| 617 | | 1bd / 1ba | 579 | $2,029 Starting base rent | $3.50 | -- | |
| 305 | | 2bd / 1ba | 840 | $2,471 Starting base rent | $2.94 | -- | |
| 719 | | 2bd / 1ba | 801 | $2,749 Starting base rent | $3.43 | -- | |
Unit Details
Chart
Garages and parking
Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.
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Trains close by
Freight line 761 ft away
- Trains pass infrequently
- Crossing 761 ft away. Horns expected during the day.
- Operator: SOO
City Club
Resident Notes & Access Codes
Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Minneapolis, MN notes
No resident notes for this property yet.
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Central Minneapolis Rent Trends
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