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Property Logo - Brochure at 1500 Nicollet Apartment Homes, Minnesota
Property Logo - Brochure at 1500 Nicollet Apartment Homes, Minnesota

Studio, 1, 2 & 3 Bedroom Apartments in Minneapolis

+1 833-204-8599

1500 Nicollet participates in an affordable housing program. Rent at a Low Income Housing Tax Credit Program property has a rent advantage to the resident compared to other neighboring communities. Rental rates are a specific percentage below the area median income (AMI). To accommodate different household income levels, we offer 60% AMI homes and 80% AMI homes, which have different income requirements and are detailed below. This variety allows for more households to be eligible to call 1500 Nicollet home!

Before applying for an available floor plan, review the income limits to determine if you are eligible for a 60% AMI or 80% AMI home.

60% AMI HOMES

*Rental rates that are 60% of the Average Median Income. More information on Tax Credit/Affordable housing here.

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

5 Occupants

6 Occupants

Max. Income

$55,260

$63,120

$71,040

$78,900

$85,260

$91,560

80% AMI HOMES

*Rental rates that are 80% of the Average Median Income. More information on Tax Credit/Affordable housing here.

Occupants

1 Occupant

2 Occupants

3 Occupants

4 Occupants

5 Occupants

6 Occupants

Max. Income

$73,680

$84,160

$94,720

$105,200

$113,680

$122,080

The household income is based on GROSS annual income (before any deductions) earned from all sources including; wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc. The property has a minimum household income requirement of 2.5 times the monthly rent amount to qualify. Third-party verification will be required of all income and copies of tax returns and pay stubs may be required.

Lease Cost Calculator. This Calculator is located under each individual floor plan and is designed to help estimate the Move-In Cost (including General and Special Fees) and the Monthly Cost going forward of a lease. Please remember that the Move-In Cost and Monthly Cost will vary depending on the qualifications of the applicant, the price and amenities of the unit being rented, and the cost of any Special Fees that may apply to a specific unit. Additionally, the rent and the Standard and Special Fees and Fee ranges are accurate as currently displayed but may increase or decrease until a lease is signed.
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Welcome to Our Minneapolis Affordable Apartments

End your search for studio, 1, 2 and 3 bedroom apartments in Minneapolis that deliver comfortable living with 1500 Nicollet Apartments. Spacious and outfitted with all the modern comforts you expect, our income-restricted homes are ready to surprise you from day one. Check out our floor plans and pick the one that fits like a glove!

At our apartments in Loring Park, you'll find a variety of thoughtfully designed residences ranging from 543 to 1,310 square feet and offering something for every lifestyle. Each unit feels like home the moment you step inside, thanks to its open, airy design. The modern kitchen cabinetry paired with quartz countertops creates a stylish yet functional space, perfect for casual breakfasts or weekend dinners with your crowd. Plus, the stainless-steel appliances and in-home washer/dryer set make daily tasks feel seamless. You'll also have energy-efficient windows that flood the rooms with natural light while helping you save on utilities. Lastly, the individually controlled heating and air conditioning allows you to enjoy your space in any weather.

Our Central Minneapolis apartments offer much more than just interiors that delight. Past your doorstep, there are several leisure areas to help you fill your downtime. We provide a fitness center with a yoga studio for a 360 approach to your well-being, a resident lounge complete with a kitchen and beautifully designed picnic areas perfect for outdoor meals. Add the convenience of a business center, an interactive transit schedule and bike storage and you'll find every detail is designed to make life easier.

So, come down to our address in Minneapolis and tour our affordable apartments in person!