
Cheap Homes for Rent in Richfield, MN from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Richfield.


5430 S 34th Ave

5723 S 34th Ave

5624 Nicollet Ave

1700 E 80th St

4101 Parklawn Ave

7330 York Ave S
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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

5749 33rd Ave S

9400 Old Cedar Ave S, Unit 239

1531 American Blvd E

7600 Lyndale Ave S, Unit 108

5212 Bloomington Ave

5743 Xerxes Ave S
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

How much does it cost to rent a home in Richfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richfield 2 Bedroom Homes for Rent | $1,950 | $1,375 | $2,400 |
| Richfield 3 Bedroom Homes for Rent | $2,574 | $1,895 | $3,995 |
| Richfield 4 Bedroom Homes for Rent | $3,221 | $2,120 | $4,800 |
Browse Top Homes for Rent in Richfield
Explore Richfield
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Diamond Lake Properties | Model EA | Studio,1BA | $825 |
| Nicollet Manor | 1 Bed, 1 bath | 1BR,1BA | $875 |
| Wexford Commons Apartments | Efficiency | Studio,1BA | $895 |
| Penn Apartments | 1BR/1.0BA | 1BR,1BA | $975 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| York Plaza | 2 Bedroom | 2BR,2BA | $1.38 |
| Nicollet Manor | 2 Beds, 1 bath | 2BR,1BA | $0.96 |
| The Arbors | 1.1+den | 1BR,1BA | $0.92 |
| Penn Village Townhomes | Model2A | 2BR,1BA | $1.47 |
| Metropolitan Towers | 1.1+denB | 1BR,1BA | $1.26 |
| Cedar Gate | 1.1 Bed | 1BR,1BA | $1.19 |
| Winton House Apartments | The Zera | 2BR,1BA | $1.31 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.35 |
| 4900 Chicago | 1 Bed, 1 bath | 1BR,1BA | $1.41 |
| 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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.
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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 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

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.

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.

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.

Authentic Minneapolis: An Insiders 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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
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.

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.