
Cheap Apartments for Rent in Richfield, MN from $600 (156 Rentals)
Search the lowest-cost Apartments available for rent right now in Richfield.


2215 W 74th St

Lyndale Garden

Total Monthly Price
Winton House Apartments

Total Monthly Price
Fountainhead

Total Monthly Price
Riley

Total Monthly Price
Southdale Parc Apartments

Seasons Park

South Pleasant Apartments

Lyndale Plaza Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Total Monthly Price
Queen Terrace Apartments

Total Monthly Price
Woodlake Park

6324 Lyndale Ave S

New Orleans Court Apartments and Townhomes

Total Monthly Price
Concierge

Total Monthly Price
Portland Terrace

The Chamberlain Apartments

Rya Apartments

Total Monthly Price
Novo

Total Monthly Price
Richland Court Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Lynvue

The Oaks on Pleasant

Total Monthly Price
Landsby on Penn

1001/15 East 66th

Pleasant Ave Apartments

JAMAR WEST

JAMAR WEST

6629 Queen

7600 Cedar Ave S

6526 Oliver Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

7501 Penn

6600 Chicago Ave S

Virginian Apartment

Penn Apartments

Hub Apartments

Eastfield

7700 Bloomington Ave South

Lyndale West Apartments

Richfield Square Apartments

Corinthian Apartments
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.

Penn Apartments

Henley (6324-6344 Lyndale)

Richfield House Apartments

Cedar Apartments

Pleasant Apartments

6715 Penn Ave S

Lynwood Flats

Oliver Apartments

Kensington Park Condos

Total Monthly Price
Oaks Pentagon Village
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Find your dream Minneapolis work-life balance! See the best Twin Cities neighborhoods to rent apartments with short commutes near Target, Best Buy, and other top local employers.
Richfield, MN Local Guide

How much does it cost to rent an apartment in Richfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Richfield Studio Apartments | $1,421 | $783 | $2,166 |
| Cheap Richfield 1 Bedroom Apartments | $1,665 | $850 | $4,295 |
| Cheap Richfield 2 Bedroom Apartments | $2,323 | $1,066 | $10,000+ |
| Cheap Richfield 3 Bedroom Apartments | $2,925 | $1,511 | $10,000+ |
| Cheap Richfield 4 Bedroom Apartments | $3,399 | $3,399 | $3,399 |
Browse Top Apartments in Richfield
See all Apartments in RichfieldExplore Richfield
Richfield, MN Local Guide

- Richfield Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Richfield Apartments for Rent
 The cheapest available apartment rental in Richfield, MN is a Studio unit found at Diamond Lake Properties in the Armatage neighborhood priced from $825. Wexford Commons Apartments in the Armatage neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Richfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamond Lake Properties | Model EA | Studio,1BA | $825 |
| Wexford Commons Apartments | Efficiency | Studio,1BA | $895 |
| Richlyn | Unit 4 - 50% AMI | Studio,1BA | $955 |
| Cedar Glen | 1.1bed | 1BR,1BA | $995 |
| Penn Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,1BA | $998 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $999 |
| 4900 Chicago | 1 bedroom | 1BR,1BA | $1,025 |
| Lyndale Garden | 1 Bedroom Large | 1BR,1BA | $1,030 |
| Nicollet Court | Studio | Studio,1BA | $1,040 |
Best Value Apartments for Rent in Richfield, MN
As of April 16, 2026 the best value apartment in the Richfield area is the $1.48 price per square foot Daisy Model at Edina Park in the in the East Edina neighborhood starting from $1,930. The second greatest value Richfield apartment is the 2 bed Model at Nicollet Manor starting at $1,495 with a $1.25 price per square foot in the Armatage neighborhood. Here is today’s list of the best values for Richfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Edina Park | Daisy | 3BR,2BA | $1.48 |
| Nicollet Manor | 2 bed | 2BR,1BA | $1.25 |
| Penn Village Townhomes | Model2A | 2BR,1BA | $1.44 |
| Normandy House Apartments | 2 BR, 2 BA-N. Facing | 2BR,2BA | $1.52 |
| Richland Court Apartments | The Lucas | 2BR,1BA | $1.54 |
| City Limits Apartments | Nokomis | 2BR,1BA | $1.54 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.41 |
| 4900 Chicago | 1 bedroom | 1BR,1BA | $1.41 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,1BA | $1.43 |
| Cedar Glen | 1.1bed | 1BR,1BA | $1.53 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Richfield Overview
Richfield is located in Hennepin County, has a population of less than 40,000, and is a Minneapolis-St. Paul suburb. You'll find that Richfield apartments offer a home in an area that's the epicenter of everything that Minnesota has to offer, where both families and single professionals can enjoy a mix of urban and suburban landscapes. Richfield is minutes south of downtown Minneapolis and the famous Mall of America. You'll find many restaurants, parks, and plenty of shopping all close to home.
Why live in Richfield, MN?
If you're looking for apartments in Richfield, you'll find that you're in the epicenter of everything that Minnesota has to offer. Minneapolis and St. Paul are minutes away, transportation is convenient, and there's lots of shopping, dining, and more.
Best Local Schools in Richfield, MN
Sheridan Hills Elementary
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richfield, MN Rentals by Map
See the most popular apartments and homes in Richfield, MN
Frequently Asked Questions about Cheap Richfield Apartments
What is the Cheapest Studio apartment in Richfield?
Currently the most affordable Cheap Studio Apartment in Richfield is at Diamond Lake Properties listed at $825.
How much is rent for a Cheap One Bedroom Richfield Apartment?
The lowest price for a Cheap One Bedroom Richfield Apartment is $995 at Cedar Glen.
What is the lowest price for a Cheap Two Bedroom Richfield Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Richfield is starting from $1,125 at South Pleasant Apartments.
What is the most affordable Richfield Three Bedroom Apartment?
The best deal on a cheap Richfield Three Bedroom Apartment rental is at Blooming Meadows North and starts from $1,511.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.