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The Paxon apartments in Minneapolis, MN

Prices last verified

The Paxon

360 N 1st St, Minneapolis, MN 55401, USA

3.8 (64 reviews) Official Website

Prices last verified ; availability may have changed since

11
Units Listed
$1,559
Starting at
$2,193
Average
$2,694
Highest
$2.54
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Central Minneapolis rent trends

Beds

Pricing by Bedroom

Studio
$1,584
from $1,559 · 2 units
~571 sqft avg
1 Bed
$2,116
from $1,818 · 5 units
~781 sqft avg
2 Bed
$2,594
from $2,544 · 4 units
~1,109 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

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: stated by the property itself
  • 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: high (building size is reported).

Est. Monthly Revenue

$256K

$3.1M annual run rate

Est. Occupancy

92%

of about 140 units (reported building size)

Effective Rent on New Leases

$1,986

vs $2,193 current asking ($207 negotiation gap)

Recent Lease Activity

36 units tracked; 25 assumed leased, 11 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

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

10 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

The available listings show few signs of room to negotiate.

Available Units

11 units

Select a unit to see its larger layout, price history, and link to the rental site.

Filter by unit features

Match all selected features. Layout filters use this unit’s matched floor plan. Missing details do not mean a feature is absent.

Unit features
Accessibility listedPro

Counts show listed matches. Accessibility labels do not describe every access need. Confirm specific features with leasing.

These prices were last verified on October 1, 2026. We have not been able to confirm current availability since, so some units may no longer be listed.

Studio / 1 Bath Unit 232
$1,559/mo
553 ft² · $2.82/ft²

Available: Nov 29, 2026

Studio / 1 Bath Unit 238
$1,609/mo
589 ft² · $2.73/ft²

Available: Dec 1, 2026

1 Bed / 1 Bath Unit 547
$1,818/mo
670 ft² · $2.71/ft²

Available: Oct 27, 2026

1 Bed / 1 Bath Unit 241
$1,893/mo
678 ft² · $2.79/ft²

Available: Now

1 Bed / 1 Bath Unit 355
$1,992/mo
799 ft² · $2.49/ft²

Available: Now

1 Bed / 1 Bath Unit 535
$2,393/mo
859 ft² · $2.79/ft²

Available: Dec 9, 2026

1 Bed / 1 Bath Unit 530
$2,485/mo
901 ft² · $2.76/ft²

Available: Now

2 Bed / 2 Bath Unit 233
$2,544/mo
1,097 ft² · $2.32/ft²

Available: Now

2 Bed / 2 Bath Unit 133
$2,550/mo
1,097 ft² · $2.32/ft²

Available: Now

2 Bed / 2 Bath Unit 552
$2,589/mo
1,081 ft² · $2.40/ft²

Available: Dec 22, 2026

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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Train activity

Severe nighttime trains

Freight line 478 ft away · 10 trains/day

  • 5 daytime, 5 overnight
  • Crossing 478 ft away. Horns expected day and night.
  • Operator: BNSF

Why this matters →

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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