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Minneapolis - St. Paul Twin Cities
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Old 03-11-2018, 06:13 PM
10 posts, read 10,870 times
Reputation: 10


Hi all! I’m a 26 year old public accountant currently living in Appleton, WI. After much thought I decided I want to move to the twin cities. The firm I work for has a location in Edina, so I’m hoping to move somewhere close to there such as St. Louis Park.

Now my two concerns are the price of rent over there and the fact that I need secure parking for my vehicle. I’m guessing I should be making about $60k over there and it seems like rent is $1,100+ per month for a studio. There are endless options, but I don’t really even know where to look or what would be good. A lot of places have pools, bars, etc and I really don’t need any of that. I mostly value something that’s modern, has air conditioning, a dishwasher and underground parking or a garage. Any recommendations? I’m really open to anything, just need to get some direction on if this is even a good plan to move over there. Thanks!
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Old 03-12-2018, 09:25 AM
413 posts, read 212,403 times
Reputation: 637
As a long time homeowner, I'll leave it to others to comment on rent and neighborhood situations. If I'm going to pick on your words however, I would nail down just how much you'll be making here, rather than "guessing" on what that amount will be. I know you know that, but have a more concrete salary estimate, plus any bonus you might be subject to, will help others give you better, more precise information.

Only you can then decide if a move "over here" is a good idea.
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Old 03-12-2018, 02:40 PM
Location: Minneapolis (St. Louis Park)
5,991 posts, read 8,891,123 times
Reputation: 4315
It's not cheap but when I was in your shoes I planted myself in the West Calhoun area, which straddles St. Louis Park and is also close to Edina. I stayed at the Calhoun Greenway and Calhoun Towers, personally. They're both built in the 1960's and because of the location and popularity, they're very modernized. The rents could easily be $2.00/SF now (was about $1.00/SF back in the mid-2000's), so you'll have to look into that. But these apartments and this area in general is a good place to start if you're new to the area, I think. Plus, you're walking distance to the Lake (Bde Maka Ska....formerly Calhoun), and about a mile from Uptown. There are numerous other rental options in the vicinity as well, some in Mpls and others in St. Louis Park. Also, I believe the #6 bus route runs through here that connects you to Edina via France Ave., but you may want to check into the routes yourself to verify if you can take transit to work as an option.

Also, PLEASE REMEMBER: in Minnesota if you make under a certain $$ threshold per year you can get a return on the taxes you pay in your annual rent, so the EFFECTIVE rent may be less than what your lease shows if you qualify. According to the MN Dept. of Revenue:

"Your household income for 2017 must be less than $59,960 (for 2016, less than $58,880). The maximum refund is $2,100."

So this may be peanuts for you based on your projected income, but it's worth noting.

Last edited by Min-Chi-Cbus; 03-12-2018 at 02:53 PM..
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Old 03-17-2018, 05:42 PM
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Im 28 and have a lot of friends that live in St. Louis Park. It's a good medium between having options to be close to the bars and other forms of entertainment like uptown and also being able to chill and relax. In addition I tend to think you will get more for your money in STLP than areas such as Uptown.
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