Apolis

Deal: St. Louis Park West End, 200 unitsPage: Comps

Rent comps

Sample

Asking rents at competing buildings, built 2015 and newer, from each property's own website.

Tracked set collected and dated; the ladder at the bottom is ten stated samples.

Subject ask per SF · blended
$2.44
Rank 2 of 5
Market median per SF
$2.43
4 of 10 buildings priced
Market median ask
$2,368
28 plans priced
Running a special
3 of 4
priced buildings

All comps at once

Collected

Average asking rent by unit type, every headline comp beside the subject's pro forma.

Average asking rent by property and unit type · West End, 2026-11-08

  • All units
  • Studio
  • 1 bed
  • 2 bed
  • 3 bed
  • 4 bed, none posted
Average asking rent by property and unit type
PropertyAll unitsStudio1 bed2 bed3 bed4 bed
Subject (pro forma)$2,184$1,625$1,850$2,550$3,250Not in mix
Caraway West End$2,459$1,623$2,005$2,884None postedNone posted
Millennium at West End$2,456None posted$1,845$2,578None postedNone posted
The Flats at West End$2,271None posted$1,917$2,448None postedNone posted
The Shoreham$1,872$1,432$1,826$2,599None postedNone posted
Size, rent per SF and effective rent by property
  • Subject (pro forma)

    All units
    $2,184895 SF, $2.44/SF
    Studio
    $1,625535 SF, $3.04/SF
    1 bed
    $1,850715 SF, $2.59/SF
    2 bed
    $2,5501,150 SF, $2.22/SF
    3 bed
    $3,2501,300 SF, $2.50/SF
    4 bed
    Not in mix
  • Caraway West End

    All units
    $2,459965 SF, $2.55/SF
    Studio
    $1,623566 SF, $2.87/SF
    1 bed
    $2,005731 SF, $2.74/SF
    2 bed
    $2,8841,171 SF, $2.46/SF
    3 bed
    None posted
    4 bed
    None posted
  • Millennium at West End

    All units
    $2,4561,041 SF, $2.36/SF, $2,251 effective
    Studio
    None posted
    1 bed
    $1,845725 SF, $2.54/SF, $1,691 effective
    2 bed
    $2,5781,104 SF, $2.33/SF, $2,363 effective
    3 bed
    None posted
    4 bed
    None posted
  • The Flats at West End

    All units
    $2,271949 SF, $2.39/SF, $2,009 effective
    Studio
    None posted
    1 bed
    $1,917725 SF, $2.65/SF, $1,696 effective
    2 bed
    $2,4481,061 SF, $2.31/SF, $2,165 effective
    3 bed
    None posted
    4 bed
    None posted
  • The Shoreham

    All units
    $1,872771 SF, $2.43/SF, $1,716 effective
    Studio
    $1,432507 SF, $2.83/SF, $1,313 effective
    1 bed
    $1,826786 SF, $2.32/SF, $1,674 effective
    2 bed
    $2,5991,145 SF, $2.27/SF, $2,382 effective
    3 bed
    None posted
    4 bed
    None posted
  • Comp average

    All units
    $2,264932 SF, $2.43/SF, $2,109 effective
    Studio
    $1,527537 SF, $2.85/SF, $1,468 effective
    1 bed
    $1,898742 SF, $2.56/SF, $1,766 effective
    2 bed
    $2,6271,120 SF, $2.34/SF, $2,449 effective
    3 bed
    None posted
    4 bed
    None posted
How the averages are built

Each comp figure is the plain mean of the plans that property posts with a price for that type; rent per SF is total ask over total SF of those plans. Effective rent spreads the property's posted concession over a 12-month lease and shows only where a concession applies. The comp average is the mean of the property averages. The subject reads the pro forma unit mix, weighted by units. Plans of five or more beds count in the 4 bed group, which then reads 4+ bed. A blank is never a zero: it says None posted, or Not in mix for the subject.

Every unit type, property by property

Collected

Each corner is a property, the subject at the top; each shape is a unit type. West End, 2026-11-08.

Measure
Unit types on the shape

Subject (pro forma)

Pro forma

Caraway West End

0.25 mi, top comp 2

Millennium at West End

0.22 mi, top comp 3

The Flats at West End

0.21 mi, top comp 1

The Shoreham

1.8 mi

  • Subject (pro forma)Pro forma

    • Studio $1,625
    • 1 bed $1,850
    • 2 bed $2,550
  • Caraway West End0.25 mi

    • Studio $1,623
    • 1 bed $2,005
    • 2 bed $2,884
  • Millennium at West End0.22 mi

    • 1 bed $1,845
    • 2 bed $2,578
  • The Flats at West End0.21 mi

    • 1 bed $1,917
    • 2 bed $2,448
  • The Shoreham1.8 mi

    • Studio $1,432
    • 1 bed $1,826
    • 2 bed $2,599
One scale for every type: $1,432 on the inner ring, $2,884 on the outer. A shape connects only the properties that post that type.
Comps on the radar

4 of 4 on the radar. The subject is always on. Saved in this browser.

  • Subject (pro forma)

Gross rent, all units, highest first

  1. 1Caraway West End0.25 mi$2,459
  2. 2Millennium at West End0.22 mi$2,456
  3. 3The Flats at West End0.21 mi$2,271
  4. 4Subject (pro forma)$2,184
  5. 5The Shoreham1.8 mi$1,872

Bars run from zero; darker is higher.

Top comps

Scored against the subject ($2.44/SF, 895 SF average): closer, similar rent per SF, similar size, more plans.

Top comps, sorted by score
PropertyOn radar
1The Flats at West EndTop comp 1780.21 mi-$0.05/SF+54 SF66 weeksYes
2Caraway West EndTop comp 2660.25 mi+$0.11/SF+70 SF8NoneYes
3Millennium at West EndTop comp 3490.22 mi-$0.08/SF+146 SF64.33 weeksYes
4The Shoreham451.8 mi-$0.01/SF-124 SF84.33 weeksYes
How the score works (weights)
  • Distance from the subject (closer is better)40%
  • Rent per SF gap to the subject (smaller is better)30%
  • Average unit SF gap to the subject (smaller is better)20%
  • Plans posted (more is better)10%

Each part runs from 0 to 1 across the comps listed: the best comp on that column gets 1, the worst 0, the rest in between. The score is the weighted sum, out of 100. Distance is straight-line miles from the subject pin to each property's recorded address; rent per SF and size read the all-units averages. Concession is shown, not scored. Distance and the gap columns sort smallest first, plans most first, concession fewest weeks first. The top comp badges always follow the score.

Values behind the radar (gross rent)
Gross rent by property and unit type, with distance from the subject
PropertyDistanceAll unitsStudio1 bed2 bed3 bed
Subject (pro forma)Subject$2,184$1,625$1,850$2,550$3,250
Caraway West End0.25 mi$2,459$1,623$2,005$2,884none posted
Millennium at West End0.22 mi$2,456none posted$1,845$2,578none posted
The Flats at West End0.21 mi$2,271none posted$1,917$2,448none posted
The Shoreham1.8 mi$1,872$1,432$1,826$2,599none posted

Pro forma vs market

Comp median, West End, as of 2026-11-08.

Pro forma (bar in type color)Comp median
  • Studio5 plans

    Rent
    $1,625 vs $1,599+1.6%
    Per SF
    $3.04 vs $2.78+9.3%
  • 1 bed7 plans

    Rent
    $1,850 vs $1,849+0.1%
    Per SF
    $2.59 vs $2.53+2.4%
  • 2 bed16 plans

    Rent
    $2,550 vs $2,578-1.1%
    Per SF
    $2.22 vs $2.34-5.1%
  • 3 bed0 plans

    Rent
    $3,250 vs [NO COMP]No comp
    Per SF
    $2.50 vs [NO COMP]No comp
Gap thresholds and method

Gap is pro forma minus the comp median, over the comp median. Green: at or below the median. Amber: above by up to 5%. Red: above by more than 5%.

Same join as the deal page: posted plans at the same bed count in the latest tracked snapshot. Pro forma rents are today's dollars from the unit mix. A type with no posted comp shows a grey pill.

Rents by unit type

4 bed: None posted by any tracked West End property.

All units: average asking rent by property · West End, 2026-11-08

Average asking rentRent per SF, own scale
$2,459
$2,456
$2,271
$2,184
$1,872
Caraway West End$2.55/SF
Millennium at West End$2.36/SF
The Flats at West End$2.39/SF
Subject (pro forma)$2.44/SF
The Shoreham$2.43/SF
  • Caraway West End
    $2,459
    $2.55
  • Millennium at West End
    $2,456
    $2.36
  • The Flats at West End
    $2,271
    $2.39
  • The Shoreham
    $1,872
    $2.43
  • Subject (pro forma)
    $2,184
    $2.44

Changes since

Every collected property, grouped by submarket. A plan not collected is not counted as removed.

No asking-rent changes between and

  • 4 properties priced on both dates
  • 0 plans new, 0 removed
  • 0 concession changes
  • 6 properties not compared
  • 15 new to the set
  • Arlo West EndWest End
    Not priced either date
    –Not compared
  • Caraway West EndWest End
    Compared
    $0 (0.0%)None posted
  • Central Park WestWest End
    Not priced Nov 8
    –Not compared
  • Elan West EndWest End
    Not priced either date
    –Not compared
  • Luxe ResidentialWest End
    Not priced either date
    –Not compared
  • Millennium at West EndWest End
    Compared
    $0 (0.0%)Unchanged
  • Parkway 25West End
    Not priced either date
    –Not compared
  • The Flats at West EndWest End
    Compared
    $0 (0.0%)Wording only
  • The QuentinWest End
    Not priced either date
    –Not compared
  • The ShorehamWest End
    Compared
    $0 (0.0%)Wording only
  • Ellipse on ExcelsiorSt. Louis Park, other
    First snapshot Nov 8
    ––
  • Excelsior & GrandSt. Louis Park, other, all-in
    First snapshot Nov 8
    ––
  • ArcataGolden Valley
    First snapshot Nov 8
    ––
  • The Winn at Golden ValleyGolden Valley
    First snapshot Nov 8
    ––
  • XeniaGolden Valley
    First snapshot Nov 8
    ––
  • Gallery FlatsHopkins
    First snapshot Nov 8
    ––
  • OvationHopkins
    First snapshot Nov 8
    ––
  • The HallonHopkins
    First snapshot Nov 8
    ––
  • Millennium EdinaEdina, Southdale
    First snapshot Nov 8
    ––
  • One Southdale PlaceEdina, Southdale
    First snapshot Nov 8
    ––
  • The FredEdina, Southdale
    First snapshot Nov 8
    ––
  • Lake HausMinneapolis, Southwest LRT corridor
    First snapshot Nov 8
    ––
  • The Lakes ResidencesMinneapolis, Southwest LRT corridor
    First snapshot Nov 8
    ––
  • The Original at West Lake QuarterMinneapolis, Southwest LRT corridor
    First snapshot Nov 8
    ––
  • The PenhurstMinneapolis, Southwest LRT corridor
    First snapshot Nov 8
    ––

Who is leasing up now

Sample

Buildings near the subject still filling, as of Nov 2026. Open a row for its months.

Faster than competitors
Planned 18.2 units a month (200 units over 11 months) against a competitor median of 11.0.
  • The Penhurst Sample
    82%
    1.7 mi, 230 units, delivered Nov 2025, 11.3 a month, 6 weeks off, stabilizes Feb 2027
  • The Original at West Lake Quarter Sample
    93%
    2.1 mi, 160 units, delivered Aug 2025, 6.0 a month, 4 weeks off, stabilizes Dec 2026
  • Lake Haus Sample
    75%
    2.1 mi, 175 units, delivered Feb 2026, 11.0 a month, 6 weeks off, stabilizes Mar 2027
  • The Hallon Sample
    46%
    3.5 mi, 140 units, delivered May 2026, 8.7 a month, 8 weeks off, stabilizes Jul 2027
  • Gallery Flats Sample
    30%
    4.3 mi, 200 units, delivered Aug 2026, 15.0 a month, 8 weeks off, stabilizes Aug 2027

Percent leased since delivery

Percent leasedSubject plan, same months from delivery95% leased

The Penhurst82%

11.3 a month, 12 months in

Nov 2025Feb 2027

The Original at West Lake Quarter93%

6.0 a month, 15 months in

Aug 2025Nov 2026

Lake Haus75%

11.0 a month, 9 months in

Feb 2026May 2027

The Hallon46%

8.7 a month, 6 months in

May 2026Aug 2027

Gallery Flats30%

15.0 a month, 3 months in

Aug 2026Nov 2027

How pace and stabilization are figured sample counts, the subject's plan

Pace is units leased over the last 3 months, a month. The stabilization month adds the months that pace needs to reach 95% leased. Competitor median: 11.0 units a month.

The subject's plan is 200 units over the model's 11 month lease-up from first delivery in Feb 2029: 18.2 units a month, 165% of the competitor median.

Building names and distances are from the tracked comp set. Unit counts, delivery dates, leased counts and concessions are samples until a leasing report is attached.

Market detail

How our finishes compare

Collected

Our spec book against what each comp's website stated on November 7, 2026. A dash means not stated.

Comps stating stone counters
4 of 5
Our 3 cm quartz matches the market
Rows our spec book does not answer
3
Flaggedprivate outdoor space, walk-in closets, kitchen island
Feature by feature, our spec against each comp (13 rows)
FeatureThe subjectMillenniumCentral Park WestThe ShorehamThe FlatsCaraway
Unit finishes
CountertopsQuartz, 3 cm, eased edge, kitchens and bathsQuartzQuartzQuartz or graniteGranite–
FlooringLuxury vinyl plank throughout; porcelain tile at bathsLVPVinyl plank–––
AppliancesStainless package, electric range, French door refrigerator, dishwasher, microwaveStainless, WhirlpoolStainless, wine chillersStainless, upgradedStainless, Energy Star–
In-unit laundryFull size stacked washer and dryer in every unit–Washer and dryerWasher and dryer––
Ceilings9 feet typical; 10 feet on the top floor–Floor to ceiling windows–Vaulted–
Smart homeKeyless entry, smart thermostat, leak sensors at wet wallsIOTAS, select units––––
Private outdoor spaceThe spec book does not state balconies or patios yetEvery unitBalconies–––
Walk-in closetsThe spec book states cabinets, not closetsCustom built-in shelvingWalk-in–––
Kitchen islandThe spec book does not state islandsGenerous island––––
Community amenities
Fitness2,100 square feet, strength and cardio, on demand studio––Fitness center––
PoolNone planned: the amenity budget goes to the rooftop terrace, fitness and coworking instead, a stated choice––Outdoor pool and sundeck––
Package handlingLocker room with cold storage for grocery delivery––Package receiving––
Bike storageSecured storage for 120 bikes with a repair stand––Bike racks––
How the comparison is built

The subject column is the deal page's own spec book. The comp columns summarize, in our own words, what each property's public website stated on November 7, 2026; nothing is reproduced verbatim. A dash means the captured page did not state it, which is a fact about the page, not the building.

Stone is table stakes: 4 of 5 tracked comps state quartz or granite counters. Our 3 cm quartz matches the market; it does not beat it, and the page says so.

The comparison audits us too: 3 rows the spec book does not answer yet (private outdoor space, walk-in closets, kitchen island), flagged here until the sponsor states them in section five.

What lands next: the ApartmentIQ-style premium per amenity (what a washer and dryer or a pool is worth in rent) needs leased data across the set; it arrives as the snapshots and the achieved-rent side accrue.

Tracked set, pending properties and sources (4 of 10 priced)

What the competing buildings ask

West End, St. Louis Park, and the competing west metro. Snapshot 2 . Select a row for plans.

  • West End 4 of 10 priced
  • St. Louis Park, other 1 of 2 priced
  • Golden Valley 1 of 3 priced
  • Hopkins 1 of 3 priced
  • Edina, Southdale 1 of 3 priced
  • Minneapolis, Southwest LRT corridor 2 of 4 priced
  • Millennium at West EndWest End, source millenniumwestend.com, snapshot
    $2,578
    $2.36
  • The ShorehamWest End, source shorehamapartments.com, snapshot
    $1,814
    $2.43
  • The Flats at West EndWest End, source flatswestend.com, snapshot
    $2,368
    $2.34
  • Caraway West EndWest End, source carawaywestend.com, snapshot
    $2,570
    $2.57
  • Excelsior & GrandSt. Louis Park, other, source excelsiorandgrand.com, snapshot
    $3,251all-in
    $2.93
  • ArcataGolden Valley, source arcataapts.com, snapshot
    $1,997
    $2.16
  • Gallery FlatsHopkins, source galleryflats.com, snapshot
    $1,820
    $2.11
  • One Southdale PlaceEdina, Southdale, source onesouthdale.com, snapshot
    $1,860
    $2.51
  • The Lakes ResidencesMinneapolis, Southwest LRT corridor, source thelakesresidences.com, snapshot
    $5,065
    $2.88
  • Lake HausMinneapolis, Southwest LRT corridor, source lakehausapartmenthomes.com, snapshot
    $2,475
    $3.09
How the set is collected

The series began on November 7, 2026; the latest snapshot is snapshot 2 of a running series. The deltas, the 30, 60 and 90 day windows, and the concessions log accrue from each property's own first snapshot. Properties not priced (15) are recorded as misses with their reason and excluded from every statistic; pending properties (0) show no rents until the nightly pass collects them. All-in rows post rent plus mandatory fees; every other row is base rent.

Facts recorded with their source and date, nothing more: posted asking rents and the terms of posted specials are public facts, recorded as offer terms, never as anyone's marketing prose. Base rent is recorded where a site leads with a bundled monthly price, and the note says so. Each site's robots.txt is honored and bot checks are never bypassed. The failures stay on the board because a tracker that hides its misses cannot be trusted on its hits.

Where the subject's ask sits

Stated samples

The deal page's own ask, ranked among the demonstration set by rent per square foot.

Comps
10
built 2015 to 2024, all samples
Median asking rent per SF
$2.37
monthly, blended across plans
Average concession
2.8 weeks
all 10 comps, zeros included
The subject, per SF
$2.44
+3.0% vs median
Ten sample comps and the subject deal, sorted by asking rent per square foot
NameBuiltUnitsAvg SFAsking rentRent per SFConcessionSource
Sample: Mill District tower2023318905$2,625$2.906 weeksProperty website · RealPage
Sample: Prospect Park high-rise2024256870$2,436$2.806 weeksProperty website · RealPage
Sample: North Loop 20212021210830$2,160$2.602 weeksProperty website · RentCafe
Sample: Como corridor infill201784820$2,050$2.502 weeksProperty website · Custom site
Illustrative: 200-unit multifamily developmentSubject2029200895$2,184$2.44+3.0% vs mediannone modeledApolis model
Sample: Elliot Park podium2022184915$2,178$2.384 weeksProperty website · Entrata
Sample: Loring Park flats2019140880$2,077$2.362 weeksProperty website · RentCafe
Sample: Northeast Arts wrap2020164940$2,181$2.322 weeksProperty website · RealPage
Sample: Wedge mid-rise201896760$1,710$2.25noneProperty website · Entrata
Sample: Lyn-Lake walk-up201558790$1,699$2.15noneProperty website · Custom site
Sample: Uptown courtyard201672850$1,805$2.124 weeksProperty website · AppFolio
Scope and where the data comes from

Built 2015 and newer: The default comp universe is the stock a new delivery competes with on the day it opens. 2010 to 2014 vintages can be toggled on when the crawler lands. Asking rents in the ladder are monthly and blended across floor plans, as of November 2026.

Property websites, read daily. Five or six property management template families cover most of the institutional stock, so one reader per family covers hundreds of buildings; the custom sites go through LLM extraction instead. Every property is resolved to an address, and every read is snapshotted, so a rent always carries the date it was asked. Minneapolis first, done completely, before any second market.

This sample set, by family

  • RentCafe2
  • Entrata2
  • RealPage3
  • AppFolio1
  • Custom site2

Asking against achieved. Asking rents are scraped; anyone can scrape them. Achieved rents arrive from the rent rolls already flowing through the platform's operations pages, and the spread between what a building asks and what it achieves is the honest number this page exists to publish. Per the charter, achieved benchmarks publish only at a sample of eight or more properties, so no single building's rent roll is ever readable from a published figure.