
Cheap Homes for Rent in Richfield, MN from $900 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Richfield.


8813 18th Ave S

9400 Old Cedar Ave S

9400 Old Cedar Ave S, Unit 105
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.

7330 York Ave S

5603 23rd Ave S

4101 Parklawn Ave

6141 Nicollet Ave

4200 Valley View Rd
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.

4101 Parklawn Ave

4101 Parklawn Ave

7022 Chicago Ave

4628 Cedar Ave S

4850 S 28th Ave
Cash 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.

5143 Chicago Ave

302 E 48th St
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 | $1,931 | $1,399 | $2,495 |
| Richfield 3 Bedroom Homes for Rent | $2,429 | $1,300 | $3,700 |
| Richfield 4 Bedroom Homes for Rent | $3,313 | $2,495 | $4,495 |
| Richfield 5 Bedroom Homes for Rent | $9,163 | $3,995 | $10,000+ |
Browse Top Homes for Rent in Richfield
Explore Richfield
Richfield, MN Local Guide
- Richfield Neighborhoods
- Nearby Cities
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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 $795. Wexford Commons Apartments in the Armatage neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. 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 | $795 |
| Wexford Commons Apartments | Efficiency | Studio,1BA | $875 |
| Nicollet Court | Studio | Studio,1BA | $990 |
| Windom Gables | Studio | Studio,1BA | $995 |
| Xerxes Manor Apartments | 1BR/1.0BA | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Richfield, MN
As of October 26, 2025 the best value apartment in the Richfield area is the $0.96 price per square foot 7207 Heatherton Cir Model at 7207 Heatherton Cir in the in the Armatage neighborhood starting from $2,995. The second greatest value Richfield apartment is the 3 Bedroom Model at Southview Estates starting at $1,861 with a $1.38 price per square foot in the Southwest Richfield 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. |
|---|---|---|---|
| 7207 Heatherton Cir | 7207 Heatherton Cir | 3BR,3BA | $0.96 |
| Southview Estates | 3 Bedroom | 3BR,2BA | $1.38 |
| Blooming Meadows North | 2 Bedroom | 2BR,1BA | $1.30 |
| Stanley Terrace Apartments | 2 Bedroom B | 2BR,1.5BA | $1.34 |
| Cedar Gate | 2.1bed | 2BR,1BA | $1.24 |
| Woodhaven | B1 | 2BR,2BA | $1.40 |
| Metropolitan Towers | 1.1+denB | 1BR,1BA | $1.30 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,1BA | $1.05 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.35 |
| 7700 Bloomington Ave South | 2 Bedroom | 2BR,1BA | $1.39 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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.
Pet Friendly LifestyleRichfield, MN
Ranked #17
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 Richfield
What type of rentals are currently available in Richfield?
There are currently 361 Apartments for Rent in Richfield, MN with pricing that ranges from $795 to $5,139. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richfield ranging from $950 to $19,500.
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 $19,500 with an average monthly rent of $3,650.
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 $1,700 to $3,860, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,700. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,599.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
