First Place Apartments
2312 First Avenue South
Minneapolis, MN 55404
- Units Available
- 2 Units Available
- Price
- Base rent starting at $1,250+
Last updated February 15 2026 at 2:05 PM
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Velo
Property highlights
Velo stands out as a cyclist's haven located in the bustling North Loop of Minneapolis. Offering an easy ride to over 170 biking trails and surrounded by distinct local shops, it embodies convenience and modern urban living. Residents rave about the luxurious amenities like a state-of-the-art fitness center, yoga studio, and serene outdoor terrace, complete with BBQ grills and a fire pit. The home's prime location provides effortless access to downtown Minneapolis, while the proximity to public transportation and an organic grocery store make everyday life smoother. The thoughtfully designed spaces receive accolades for their contemporary appeal and smart layouts. With a welcoming environment for both dogs and cats, Velo perfectly complements a bike-friendly lifestyle, ensuring residents thrive in a vibrant community.
- 6 units available
- Studio • 1 Bed • 2 Beds
- Location
- 115 North 2nd Street, Minneapolis MN 55401, North Loop
- Amenities
- In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Garage, Stainless steel + more
- Commute
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Price and Availability
Velo apartments start at $1,501/month. There are 6 available apartments priced from $1,501 to $2,918. Prices were last verified by Velo (Total price includes base rent and required monthly fees—select a unit to view full breakdown.)
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Unit 518
Avail. May 4
$1,506 moTotal price12-mo lease
Unit 203
Avail. now
$1,692 moTotal price12-mo lease
Unit 319
Avail. now
$1,826 moTotal price12-mo lease
Unit 610
Avail. Mar 24
$1,868 moTotal price12-mo lease
Unit 409
Avail. now
$1,871 moTotal price12-mo lease
Unit 520
Avail. Apr 14
$2,923 moTotal price12-mo lease
There aren't any 3 bedrooms available. Turn on alerts to be notified once there are.
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Location
Amenities
- In Unit Laundry
- Patio / Balcony
- Dishwasher
- Pet Friendly
- Garage
- Stainless Steel
Unit Amenities
- Air Conditioning
- Ceiling Fan
- Dishwasher
- Garbage Disposal
- In Unit Laundry
- Microwave
- Patio / Balcony
- Range
- Refrigerator
- W/D Hookup
- Bathtub
- Carpet
- Ice Maker
- Oven
- Stainless Steel
Property Amenities
- Accessible
- Bocce Court
- Clubhouse
- Courtyard
- Fire Pit
- 24hr Gym
- Parking
- BBQ/Grill
- Bike Storage
- Garage
- Guest Parking
- Yoga
- Walking Trail
- Cats Allowed
- Dogs Allowed
- Elevator
- Pet Friendly
- Lobby
- Package Receiving
VÉLO was thoughtfully designed to provide residents with a genuine and inspiring environment that facilitates healthy sustainable living. Easy access to 170+ bike/walking trails, distinct local shops on the first level and in the bustling North Loop area, organic grocery store next door, public transportation, and rental bike stations make it apparent VÉLO is a hub in the urban lifestyle. The community provides many amenities that add convenience, revitalize, inspire, and satisfy everyday needs. Featuring storage lockers, guest parking, and a bike wash with an extensive bike repair station. Exercise in the fitness center, or yoga studio and then unwind in the cool down room or schedule a message. Entertain with the skyline of Downtown Minneapolis as your background on the outdoor club patio, bar, and grill, bocce ball court, or around the fire pit.
Verified reviews
We are collecting reviews from verified residents who have toured or leased from Velo. Check back soon.
Property Details
Total Monthly Leasing Price includes base rent, all monthly mandatory and any user-selected optional fees. Excludes variable/usage-based utilities and services, deposits, and required one-time fees due at or prior to move-in or at move-out. The total price varies on selected options, third-party rates, and other variable factors, including usage-based rates. Security Deposit may change based on screening results, but total will not exceed legal maximums. Some items may be taxed under applicable law. Some fees may not apply to rental homes subject to an affordable program. All fees are subject to application and/or lease terms, which may be requested prior to applying. Prices and availability subject to change. Resident is responsible for damages beyond ordinary wear and tear. Resident may need to maintain insurance and to activate and maintain utility services, including but not limited to electricity, water, gas, and internet, per the lease. Utilities included in rent: None
Please note leases shorter than 12 months often have extra fees.
Must have 3.5x the rent in total household income (before taxes)
Explore the Area
- Whole Foods Market0.4 mi
- Lunds & Byerlys0.9 mi
- Lunds & Byerlys0.9 mi
- PURIS1.0 mi
- The Herbivorous Butcher1.0 mi
- Backstory Coffee0.1 mi
- Cuzzy's0.1 mi
- Black Sheep Coal Fired Pizza0.1 mi
- The Loop0.1 mi
- Smack Shack0.1 mi
- 5 Av N0.1 mi
- 1st St N & #5150.1 mi
- 5 Av N0.1 mi
- 1st St N & Creamette Lofts0.1 mi
- Washington Ave & 6th Ave N0.1 mi
- 0.5 miMn International Middle Charter School — Charter, 5-8, 431 students, 0.5 miles away,GreatSchools rating 5 out of 10.
- 0.6 miProdeo Academy — Charter, PK-8, 495 students, 0.6 miles away,GreatSchools rating 2 out of 10.
- 0.8 miFAIR Senior High — Public, 9-12, 215 students, 0.8 miles away,GreatSchools rating 4 out of 10.
- 0.9 miFranklin Middle School — Public, 6-8, 397 students, 0.9 miles away,GreatSchools rating 2 out of 10.
- 1.0 miHall International — Public, PK-5, 229 students, 1.0 miles away,GreatSchools rating 1 out of 10.
- Data provided by GreatSchools. Ratings are based on test scores and additional metrics when available.
- North Loop Park0.3 mi
- Bassett Creek Park0.3 mi
- Gateway Park0.4 mi
- Boom Island Park0.4 mi
- Boom Island Park0.4 mi
- Modist Brewing0.2 mi
- Aria0.3 mi
- Anytime Fitness0.3 mi
- Target Field Station Amphitheatre0.3 mi
- Basecamp Fitness0.4 mi
- North Loop Dog Park0.3 mi
- RiverWest Dog Area0.7 mi
- Chuck & Don's Pet Food & Supplies0.9 mi
- Downtown Dogs1.0 mi
- Gateway Play Area1.1 mi
Getting Around
Walk & Transit Scores
Walk Score: 93 — Walker's Paradise, everything you need just steps away.Transit Score: 82 — Convenient public transit options nearby available.Public Transit Access
The North Loop area benefits from access to public transit options, such as 64 nearby routes: 61 bus, 3 rail, 0 otherNearby public transit stops include:
- 5 Av N (~0.07 mi)
- 1st St N & #515 (~0.08 mi)
- 1st St N & Creamette Lofts (~0.1 mi)
- Washington Ave & 6th Ave N (~0.1 mi)
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Frequently Asked Questions (FAQs)
In Minneapolis, MN, the average rent is $1,291+ for a studio, $1,635+ for a 1-bedroom, $2,103+ for a 2-bedroom, and $2,944+ for a 3-bedroom.* For more information on rental trends in Minneapolis, MN, check out our monthly Minneapolis, MN Rent Report.
*Based on base prices that don’t include fees
Some of Velo's amenities include in unit laundry, patio / balcony, and dishwasher. To see the other amenities this property offers, check out the Amenities section.
Velo is not currently offering any rent specials.
Yes, Velo is pet-friendly.
Yes, Velo offers parking.
Yes, Velo offers units with in unit laundry.
No, Velo does not have a pool.
Yes, Velo has accessible units.
Yes, Velo has units with dishwashers.
Yes, Velo has units with air conditioning.