Cheap Homes for Rent in Richfield, MN from $900 (21 Rentals)

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

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.

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property at 4335 Cedar Ave S

4335 Cedar Ave S

MinneapolisMN55407

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Karmel Apartments in the Armatage neighborhood priced from $895. Bossen Park Apartments in the Northrup neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Richfield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Karmel ApartmentsStudioStudio,1BA$895
Bossen Park Apartments1-bedroom1BR,1BA$895
Penn Apartments1BR/1.0BA1BR,1BA$995
Portland TerraceStudioStudio,1BA$999
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1,000

Best Value Apartments for Rent in Richfield, MN and Nearby

As of June 07, 2025 the best value apartment in the Richfield area is the $1.30 price per square foot 2 Bedroom Model at Blooming Meadows North in the in the Nicols neighborhood starting from $1,690. The second greatest value Richfield apartment is the 1.1+den Model at The Arbors starting at $1,350 with a $1.13 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Blooming Meadows North2 Bedroom2BR,1BA$1.30
The Arbors1.1+den1BR,1BA$1.13
Colonial Estates Townhomes3 Beds, 2 baths3BR,2BA$1.36
4610 Bryant Ave S2BR/1.0BA2BR,1BA$1.32
Metropolitan Towers1.1+denB1BR,1BA$1.30
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1.05
Richland CourtThe Lucas2BR,1BA$1.26
Cedar Gate1.1 Bed1BR,1BA$1.36
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.29
Xerxes Manor Apartments1BR/1.0BA1BR,1BA$1.37

Quick Rent Budget Calculator

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Frequently Asked Questions about Richfield

What type of rentals are currently available in Richfield?

There are currently 359 Apartments for Rent in Richfield, MN with pricing that ranges from $650 to $10,946. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richfield ranging from $900 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 $900 to $19,500 with an average monthly rent of $4,028.

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 $1,450 to $6,356, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,495.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.