Condos/Condos Under $500K

Condos Under $500K — Minneapolis & West Metro Affordable Condominiums

Ownership within reach. Quality you'll be proud of.

The Minneapolis and west metro condo market offers genuine ownership opportunities under $500K in multiple neighborhoods and building types — from downtown Minneapolis studios and North Loop lofts to suburban condos in St. Louis Park and Plymouth. Understanding which sub-markets offer the best combination of value, lifestyle, and long-term appreciation potential is where expert guidance matters.

What to Expect

The under-$500K condo segment in this market typically includes studio and 1-bedroom units in downtown and urban buildings, 1-2 bedroom options in suburban communities, and select larger units in established mid-range buildings. HOA fees vary significantly — The PRO Team always evaluates the total cost of ownership (purchase price + HOA + utilities) rather than just the purchase price.

Downtown Minneapolis entry points from $180K
North Loop loft units from $240K
St. Louis Park condos from $200K with urban amenities
Plymouth condos from $175K in Wayzata School District
First-time buyer expertise and guidance from The PRO Team

Condos Under $500K — Featured Buildings

21 buildings in this category across 5 city/cities

Minneapolis

Centre Village

Downtown Minneapolis
high rise

Downtown Minneapolis's most centrally located skyway-connected condo tower

$180K – $520KView Building
HOA: $400 – $850/mo

Tower Lofts

North Loop
loft

Classic North Loop warehouse loft conversion (former Northern Bag Co.) with soaring ceilings and a 6,000 sq ft rooftop deck

$250K – $650KView Building
HOA: $400 – $900/mo

Bookmen Stacks

North Loop
loft

A James Dayton-designed, design-forward concrete-and-glass tower standing apart from its historic North Loop neighbors

$275K – $800KView Building
HOA: $400 – $950/mo

River Station

North Loop
low rise

Approachable North Loop condo and townhome community near the riverfront with one of downtown's widest range of floor plans and price points

$200K – $450KView Building
HOA: $300 – $650/mo

North Star Lofts

Mill District
loft

Historic wool-mill loft conversion on the Mill District riverfront — the landmark 'North Star Blankets' building with authentic brick-and-timber character

$250K – $550KView Building
HOA: $350 – $850/mo

Itasca Lofts

North Loop
loft

Intimate boutique loft building across from Tower Lofts, blending 1880s warehouse character with North Loop convenience

$250K – $500KView Building
HOA: $350 – $800/mo

Loring Green

Loring Park
high rise

Amenity-rich twin towers (East and West) on the Loring Greenway, midway between Nicollet Mall and Loring Park

$250K – $1.2M+View Building
HOA: $700 – $1,800/mo

510 Groveland

Loring Park
mid rise

A historic 1927 Beaux-Arts cooperative across from Loring Park, blending vintage grandeur with a boutique scale

$250K – $900KView Building
HOA: $600 – $1,800/mo

River Towers

Downtown Riverfront
high rise

Mid-century twin towers on the downtown riverfront offering some of the most accessible price points for condo living steps from the Mississippi

$180K – $650KView Building
HOA: $500 – $1,200/mo

1200 On the Mall

Downtown / Nicollet Mall
high rise

Mid-century high-rise directly on Nicollet Mall with skyway connectivity and a value-oriented entry into downtown condo ownership

$180K – $600KView Building
HOA: $500 – $1,100/mo

The Ivy Residences

Downtown East / Elliot Park
high rise

A landmark hotel-and-residence tower wrapping the historic 1930 Ivy Ziggurat, with concierge service and on-site dining

$265K – $1.7M+View Building
HOA: $700 – $2,200/mo

Sexton Lofts

Elliot Park
loft

Authentic 1926 loft conversion in Elliot Park — a 123-unit industrial building with exposed brick, vaulted ceilings, and approachable downtown pricing

$250K – $525KView Building
HOA: $350 – $750/mo

Bassett Creek Lofts

North Loop
loft

Boutique 32-unit loft community in a 1916 North Loop warehouse — industrial character, duplex penthouses, and street-level retail in the Bassett Creek complex

$275K – $600KView Building
HOA: $350 – $800/mo

Bookmen Lofts

North Loop
loft

57-unit boutique loft conversion of a 1914 North Loop warehouse — sister building to Bookmen Stacks, with one- and two-level lofts and rooftop patios

$300K – $650KView Building
HOA: $350 – $800/mo

Security Warehouse Lofts

North Loop
loft

Authentic 1903 warehouse loft conversion in the North Loop — roughly 58 spacious brick-and-timber residences on historic Washington Avenue

$350K – $700KView Building
HOA: $400 – $850/mo

More Condos Under $500K Resources

Lifestyle Living

Ready for Lock-and-Leave Living in Condos Under $500K?

No yard work. No shoveling. Just the life you want. The PRO Team will match you with the perfect low-maintenance condo in Condos Under $500K — one that fits your lifestyle, budget, and long-term goals.

  • HOA-covered maintenance buildings
  • Walkability & amenity scoring
  • Right-sizing guidance
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