Cheap Homes for Rent in Richfield, MN from $800 (14 Rentals)

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

property at 5430 S 34th Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

Studio, 1 Bath Condo for Rent

Available Now

5430 S 34th Ave

MinneapolisMN55417
property at 5723 S 34th Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Mar 1

5723 S 34th Ave

MinneapolisMN55417
property at 5624 Nicollet Ave

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 Bedroom, 1 Bath Townhome for Rent

Available Mar 1

5624 Nicollet Ave

MinneapolisMN55419
property at 4101 Parklawn Ave

$1,315

Total Monthly Price

Total Monthly Price

Base Rent
$1,315

Total Monthly Price
$1,315

1 Bedroom, 1 Bath Condo for Rent

Available Now

4101 Parklawn Ave

MinneapolisMN55435

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.

property at 7330 York Ave S

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

1 Bedroom, 1 Bath Condo for Rent

Available Now

7330 York Ave S

EdinaMN55435
property at 9400 Old Cedar Ave S

$1,395

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Now

9400 Old Cedar Ave S, Unit 239

9400 Old Cedar Ave S
BloomingtonMN55425
property at 1531 American Blvd E

$1,550

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1531 American Blvd E

BloomingtonMN55425
property at 7600 Lyndale Ave S

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 Bedroom, 1 Bath Condo for Rent

Available Now

7600 Lyndale Ave S, Unit 108

7600 Lyndale Ave S
MinneapolisMN55423
property at 5212 Bloomington Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Townhome for Rent

Available Now

5212 Bloomington Ave

MinneapolisMN55417
property at 5743 Xerxes Ave S

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Townhome for Rent

Available Now

5743 Xerxes Ave S

MinneapolisMN55410

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.

Richfield, MN Local Guide

Cheapest Available Richfield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richfield, MN is a Studio unit found at Diamond Lake Properties in the Armatage neighborhood priced from $825. Nicollet Manor in the Armatage neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Richfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Diamond Lake PropertiesModel EAStudio,1BA$825
Nicollet Manor1 Bed, 1 bath1BR,1BA$875
Wexford Commons ApartmentsEfficiencyStudio,1BA$895
Penn Apartments1BR/1.0BA1BR,1BA$975
2215 W 74th St1 Bed, 1 Bath1BR,1BA$998

Best Value Apartments for Rent in Richfield, MN and Nearby

As of January 28, 2026 the best value apartment in the Richfield area is the $1.38 price per square foot 2 Bedroom Model at York Plaza in the in the Armatage neighborhood starting from $1,795. The second greatest value Richfield apartment is the 2 Beds, 1 bath Model at Nicollet Manor starting at $1,150 with a $0.96 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.
York Plaza2 Bedroom2BR,2BA$1.38
Nicollet Manor2 Beds, 1 bath2BR,1BA$0.96
The Arbors1.1+den1BR,1BA$0.92
Penn Village TownhomesModel2A2BR,1BA$1.47
Metropolitan Towers1.1+denB1BR,1BA$1.26
Cedar Gate1.1 Bed1BR,1BA$1.19
Winton House ApartmentsThe Zera2BR,1BA$1.31
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.35
4900 Chicago1 Bed, 1 bath1BR,1BA$1.41
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1.43

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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.

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

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Frequently Asked Questions about Richfield

What type of rentals are currently available in Richfield?

There are currently 362 Apartments for Rent in Richfield, MN with pricing that ranges from $650 to $5,095. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richfield ranging from $850 to $4,800.

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 $850 to $4,800 with an average monthly rent of $2,008.

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 $1,511 to $4,301, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $3,995. Four Bedroom Single-Family rentals are also available starting from $2,120 and Four Bedroom Apartments start at $1,640.

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

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

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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.