7633 Vincent Ave S
RichfieldMN55423
Cheap Homes for Rent in Richfield, MN from $950 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Richfield.
close
View Me
$975Studio Apartments Available Now
7027 Morgan Ave S
7027 Morgan Ave SMinneapolis, MN 55423
6615 Lake Shore Dr S
MinneapolisMN55423
7404 Queen Ave S
MinneapolisMN55423
close
View Me
$1,3752 Bedroom Apartments Available Now
5749 33rd Ave S, Unit 2
5749 33rd Ave SMinneapolis, MN 55417
9400 Old Cedar Ave S, Unit 334
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.
4200 Valley View Rd
MinneapolisMN55424
7320 York Ave S, Unit 207
7320 York Ave S
MinneapolisMN55435
7600 Lyndale Ave S
MinneapolisMN55423
7311 Aldrich Ave S
MinneapolisMN55423
7311 Aldrich Ave S
RichfieldMN55423
421 W 74th St
MinneapolisMN55423
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.
Showing Results 1-12, Page 1 of 1
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 | $1,894 | $1,300 | $2,295 |
| Richfield 3 Bedroom Homes for Rent | $2,524 | $2,095 | $3,195 |
| Richfield 4 Bedroom Homes for Rent | $3,303 | $2,550 | $4,900 |
| Richfield 5 Bedroom Homes for Rent | $4,475 | $950 | $7,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Richfield
Explore Richfield
Richfield, MN Local Guide
- Richfield Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Richfield Apartments for Rent
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 $913. 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 21 - 50% AMI | Studio,1BA | $913 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,1BA | $998 |
| Garden Apartments | 1Bed/Bath | 1BR,1BA | $999 |
| Blooming Meadows South | Studio, Income Restrictions, NOAH | Studio,1BA | $1,017 |
Best Value Apartments for Rent in Richfield, MN
As of September 13, 2026 the best value apartment in the Richfield area is the $1.46 price per square foot 3 Bedroom Model at Southview Estates in the in the Southwest Richfield neighborhood starting from $1,978. The second greatest value Richfield apartment is the 2-Bed Model at Cedar Commons starting at $1,338 with a $1.16 price per square foot in the East Bloomington 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. |
|---|---|---|---|
| Southview Estates | 3 Bedroom | 3BR,2BA | $1.46 |
| Cedar Commons | 2-Bed | 2BR,1BA | $1.16 |
| Metropolitan Towers | 1.1+denA | 1BR,1BA | $1.32 |
| Seasons Park | 2 Bedroom, Type A, Income Restrictions | 2BR,1BA | $1.54 |
| Diamond Pointe Apartments | Two Bedroom | 2BR,1BA | $1.57 |
| Cedar Gate | 1.1 Bed | 1BR,1BA | $1.25 |
| Cedar Glen | 2.1bed | 2BR,1BA | $1.47 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.41 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,1BA | $1.43 |
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.
Read Article
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 ArticleNavigating 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.
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.
Read Article
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.
Let everyone know!
Do you know the Richfield area?
If you’re an expert on all things Richfield, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Richfield, MN
Sheridan Hills Elementary School
Richfield Public School District
Public School - Grades PK-5 (406)
7 out of 10
Richfield Senior High School
Richfield Public School District
Public School - Grades 9-12 (1183)
5 out of 10
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 Richfield
What type of rentals are currently available in Richfield?
There are currently 367 Apartments for Rent in Richfield, MN with pricing that ranges from $850 to $9,950. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richfield ranging from $950 to $7,500.
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 $950 to $7,500 with an average monthly rent of $2,617.
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 $4,309, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,095 to $3,195. Four Bedroom Single-Family rentals are also available starting from $2,550 and Four Bedroom Apartments start at $2,400.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.