Cheap Apartments for Rent in Richfield, MN from $600 (127 Rentals)

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Search the lowest-cost Apartments available for rent right now in Richfield.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Cedar Apartments
Studio Apartments

Cedar Apartments

7244 Cedar Ave SRichfield, MN 55423
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Pleasant Ave Apartments
1 Bedroom Apartments

Pleasant Ave Apartments

6401-6421 Pleasant AveRichfield, MN 55423
Senior Living
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JAMAR WEST
1 Bedroom Apartments

JAMAR WEST

7428 Lyndale Ave SRichfield, MN 55423
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JAMAR WEST
1 Bedroom Apartments

JAMAR WEST

7412 Oliver Ave SRichfield, MN 55423
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6629 Queen
1 to 2 Bedroom Apartments

6629 Queen

6629 Queen Ave SRichfield, MN 55423
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7600 Cedar Ave S
1 Bedroom Apartments

7600 Cedar Ave S

7600 Cedar Ave SRichfield, MN 55423
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1001/15 East 66th St.
1 Bedroom Apartments

1001/15 East 66th St.

1001-1015 E 66th StRichfield, MN 55423
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7501 Penn
1 Bedroom Apartments

7501 Penn

7501 Penn Ave SRichfield, MN 55423
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Virginian Apartment
1 Bedroom Apartments

Virginian Apartment

7700 12th AveRichfield, MN 55423
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Hub Apartments
1 Bedroom Apartments

Hub Apartments

200-212 W 65th StRichfield, MN 55423
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Eastfield
1 Bedroom Apartments

Eastfield

7137 Chicago Ave SRichfield, MN 55423
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Lynwood Flats
2 Bedroom Apartments

Lynwood Flats

800-840 W 65th StRichfield, MN 55423
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Pleasant Apartments
2 Bedroom Apartments

Pleasant Apartments

6313 Pleasant Ave SRichfield, MN 55423
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Penn Apartments
2 Bedroom Apartments

Penn Apartments

7420 Penn Ave SRichfield, MN 55423
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6715 Penn
2 Bedroom Apartments

6715 Penn

6715 Penn Ave SRichfield, MN 55423
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Kensington Park Condos
1 Bedroom Apartments

Kensington Park Condos

7610 Lyndale Ave SRichfield, MN 55423
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Oliver Apartments
2 Bedroom Apartments

Oliver Apartments

6416 Oliver Ave SRichfield, MN 55423
Showing Results 1-50, Page 1 of 3

Richfield, MN Local Guide

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Staff Writer
Local Guide Expert

Cheapest Available Richfield Apartments for Rent

 

The cheapest available apartment rental in Richfield, MN is a 1 Bed unit found at Garden Apartments in the Northrup neighborhood priced from $849. Bossen Park Apartments in the Northrup neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Richfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Apartments1 Bedroom1BR,1BA$849
Bossen Park Apartments1-bedroom1BR,1BA$895
1001/15 East 66th St.1BR/1.0BA1BR,1BA$925
Penn Apartments1BR/1.0BA1BR,1BA$975
Portland TerraceStudioStudio,1BA$999
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1,000
WoodhavenS1Studio,1BA$1,020
Lyndale Garden1 Bedroom1BR,1BA$1,025
Nicollet CourtStudioStudio,1BA$1,040
Concord GreenOne Bedroom1BR,1BA$1,045

Best Value Apartments for Rent in Richfield, MN

As of July 15, 2025 the best value apartment in the Richfield area is the $1.30 price per square foot 2 Bedroom Model at Blooming Meadows North in the in the Nicols neighborhood starting from $1,690. The second greatest value Richfield apartment is the Windom (3bd/2ba) - 1250sqft Model at Windom Gables starting at $1,849 with a $1.48 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Blooming Meadows North2 Bedroom2BR,1BA$1.30
Windom GablesWindom (3bd/2ba) - 1250sqft3BR,2BA$1.48
The Arbors1.1+den1BR,1BA$1.13
Stanley Terrace Apartments2 Bedroom B2BR,1.5BA$1.29
Metropolitan Towers1.1+denB1BR,1BA$1.30
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1.05
Cedar Gate1.1 Bed1BR,1BA$1.36
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.47
7700 Bloomington Ave South2 Bedroom2BR,1BA$1.39
Bossen Park Apartments1-bedroom1BR,1BA$1.39

Quick 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.

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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.

Pet Friendly Lifestyle
Richfield, MN

Ranked #16

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Richfield, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Richfield, MN Rentals by Map

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See the most popular apartments and homes in Richfield, MN

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Getting Around Richfield, MN

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Portland Terrace listed at $999.

How much is rent for a Cheap One Bedroom Richfield Apartment?

The lowest price for a Cheap One Bedroom Richfield Apartment is $849 at Garden Apartments.

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 $1,135 at Cedar Glen.

What is the most affordable Richfield Three Bedroom Apartment?

The best deal on a cheap Richfield Three Bedroom Apartment rental is at Karmel Apartments and starts from $1,800.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.