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$1,0501 Bedroom Apartments Available Now
8813 18th Ave S, Unit 1
8813 18th Ave SBloomington, MN 55425
Cheap Homes for Rent near Richfield, MN from $1,200 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Richfield.
5430 S 34th Ave
MinneapolisMN55417
6615 Lake Shore Dr S
MinneapolisMN55423
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$1,2752 Bedroom Apartments Available Now
8813 18th Ave S, Unit 3
8813 18th Ave SBloomington, MN 55425
9400 Old Cedar Ave S, Unit 344
9400 Old Cedar Ave S
BloomingtonMN55425
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.
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$1,4001 Bedroom Apartments Available Now
6511 Oliver Ave S, Unit Lower Unit
6511 Oliver Ave SMinneapolis, MN 55423
4200 Valley View Rd
MinneapolisMN55424
7320 York Ave S, Unit 207
7320 York Ave S
MinneapolisMN55435
7600 Lyndale Ave S
MinneapolisMN55423
5542 S 28th Ave
MinneapolisMN55417
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
7311 Aldrich Ave S
MinneapolisMN55423
8935 Old Cedar Ave S
BloomingtonMN55425
9400 Old Cedar Ave S, Unit 219
9400 Old Cedar Ave S
BloomingtonMN55425
8019 Xerxes Ave S, Unit 202
8019 Xerxes Ave S
MinneapolisMN55431
9400 Old Cedar Ave S, Unit 219
9400 Old Cedar Ave S
BloomingtonMN55425
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.
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Richfield, MN Local Guide
How much does it cost to rent a home in Richfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richfield 2 Bedroom Homes for Rent | $1,918 | $1,499 | $2,295 |
| Richfield 3 Bedroom Homes for Rent | $2,571 | $2,145 | $2,995 |
| Richfield 4 Bedroom Homes for Rent | $3,000 | $2,495 | $4,000 |
| Richfield 5 Bedroom Homes for Rent | $4,478 | $3,200 | $7,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Richfield, MN Local Guide
- Richfield Neighborhoods
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Cheapest Available Richfield Apartments for Rent and Nearby
The cheapest available apartment rental in Richfield, MN is a Studio unit found at Diamond Lake in the Armatage neighborhood priced from $850. Richlyn in the Armatage neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $885. Here is today’s list of the most affordable Richfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamond Lake | East - Studio | Studio,1BA | $850 |
| Richlyn | Unit 4 - 50% AMI | Studio,1BA | $885 |
| Sander Drive Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $995 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $999 |
| 7700 Bloomington Ave South | 1 Bedroom | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Richfield, MN and Nearby
As of July 29, 2026 the best value apartment in the Richfield area is the $1.13 price per square foot 2.1bed Model at The Arbors in the in the East Bloomington neighborhood starting from $1,350. The second greatest value Richfield apartment is the 3 Bed, 1 Bath Model at 2215 W 74th St starting at $1,570 with a $1.31 price per square foot in the Windom 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. |
|---|---|---|---|
| The Arbors | 2.1bed | 2BR,1BA | $1.13 |
| 2215 W 74th St | 3 Bed, 1 Bath | 3BR,1BA | $1.31 |
| Nicollet Manor | 2 bed | 2BR,1BA | $1.25 |
| Penn Village Townhomes | Model2A | 2BR,1BA | $1.44 |
| Stanley Terrace Apartments | 2 Bedroom B | 2BR,1.5BA | $1.34 |
| Cedar Gate | 2.1bed | 2BR,1BA | $1.28 |
| 4610 Bryant Ave S | 2BR/1.0BA | 2BR,1BA | $1.37 |
| Metropolitan Towers | 1.1+denA | 1BR,1BA | $1.32 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.41 |
| Sander Drive Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.32 |
Don'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.
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Enjoy 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Best Local Schools in Richfield, MN
Sheridan Hills Elementary
Richfield Public School District
Public School - Grades PK-5 (419)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Richfield, MN
Frequently Asked Questions about Richfield
What type of rentals are currently available in Richfield?
There are currently 371 Apartments for Rent in Richfield, MN with pricing that ranges from $750 to $18,686. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richfield ranging from $1,200 to $7,995.
What is the current price range for Rental Homes in Richfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Richfield ranges from $1,200 to $7,995 with an average monthly rent of $2,681.
How much are larger Three and Four Bedroom Rentals in Richfield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Richfield range from $1,570 to $6,646, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,145 to $2,995. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $2,590.
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
Authentic Minneapolis: An Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.