
Cheap Apartments for Rent in the Southwest Richfield Neighborhood of Richfield, MN from $800 (84 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest Richfield area of Richfield.


Penn Apartments

2215 W 74th St

Lyndale Garden

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Fountainhead

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Southdale Parc Apartments

Concierge

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Riley

Seasons Park

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Woodlake Park
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.

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Queen Terrace Apartments

New Orleans Court Apartments and Townhomes

South Pleasant Apartments

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Portland Terrace

Lynvue

The Oaks on Pleasant

Lyndale Plaza Apartments

1001/15 East 66th St.

Pleasant Ave Apartments

JAMAR WEST
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.

JAMAR WEST

6629 Queen

6526 Oliver Apartments

7501 Penn

6600 Chicago Ave S

Virginian Apartment

Hub Apartments

Eastfield

Lyndale West Apartments

Penn Apartments
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.

Henley (6324-6344 Lyndale)

Lynwood Flats

Richfield House Apartments

Corinthian Apartments

Richfield Square Apartments

Pleasant Apartments

6715 Penn

Kensington Park Condos

Oliver Apartments

Wexford Commons Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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7520 Oliver Ave S, Unit 511

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South Pointe

ReNew Minnehaha

Colony Apartment Homes

Nicollet Manor

8601 Nicollet Ave

Nicollet South Apartments

York Place Apartments Edina

Willows On France

The Rosalyn | Affordable 55+ Apartments in Bloomington - NOW OPEN!
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Southwest Richfield, Richfield, MN Local Guide

How much does it cost to rent an apartment in Southwest Richfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest Richfield Studio Apartments | $1,303 | $869 | $1,894 |
| Southwest Richfield 1 Bedroom Apartments | $1,373 | $975 | $2,855 |
| Southwest Richfield 2 Bedroom Apartments | $1,835 | $1,145 | $4,427 |
| Southwest Richfield 3 Bedroom Apartments | $2,584 | $1,570 | $4,301 |
| Southwest Richfield 4 Bedroom Apartments | $3,399 | $3,399 | $3,399 |
Browse Apartments in this Neighborhood
There are currently 84 rentals with your search options within a 2 mile radius of the Southwest Richfield Neighborhood of Richfield, MN.
See all Apartments in RichfieldExplore Richfield
Southwest Richfield, Richfield, MN Local Guide
- Nearby Richfield neighborhoods
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Cheapest Available Southwest Richfield Apartments for Rent
 The cheapest available apartment rental in the Southwest Richfield area of Minneapolis, MN is a Studio unit found at Richlyn priced from $869. Wexford Commons Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Southwest Richfield apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Richlyn | Studio - 50% AMI | Studio,1BA | $869 |
| 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 |
| Nicollet Court | 1.1bed | 1BR,1BA | $1,018 |
| Concierge | The Superior | 1BR,1BA | $1,070 |
| Southdale Parc Apartments | 1 Bedroom B | 1BR,1BA | $1,080 |
| Colony Apartment Homes | One bedroom- Unremodeled/Remodeled | 1BR,1BA | $1,099 |
| Riley | Roosevelt | Studio,1BA | $1,099 |
| Nicollet Manor | 1 bedroom | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Southwest Richfield, MN
As of January 30, 2026 the best value apartment in the Southwest 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 Southwest Richfield apartment is the 3BR/2.0BA Model at Windom Gables starting at $1,899 with a $1.52 price per square foot in the Armatage neighborhood. Here is today’s list of the best values for Southwest 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 |
| Windom Gables | 3BR/2.0BA | 3BR,2BA | $1.52 |
| Nicollet Manor | 2 bed | 2BR,1BA | $1.25 |
| 7200 York Ave S, Unit 7200-421 | 7200 York Ave S | 1BR,1BA | $1.50 |
| Woodlake Park | Wooddale | 2BR,1.5BA | $1.52 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.35 |
| South Pointe | Starboard | 1BR,1BA | $1.57 |
| Colony Apartment Homes | One bedroom- Unremodeled/Remodeled | 1BR,1BA | $1.57 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,1BA | $1.43 |
| Penn Apartments | 1BR/1.0BA | 1BR,1BA | $1.60 |
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 ArticleCash 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.
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.
Best Local Schools in Southwest Richfield, Richfield, MN
Sheridan Hills Elementary
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Southwest Richfield, Richfield, and the greater Minneapolis-St. Paul area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, places to raise kids, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Southwest Richfield Apartments
What is a cheap apartment in Southwest Richfield?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Richfield is under $1,100.
What is the price of a cheap apartment in Southwest Richfield?
The cheapest apartment in Southwest Richfield is Penn Apartments which is listed at $975, while the average apartment in Southwest Richfield costs $3,399.
What types of apartments are the cheapest in Southwest Richfield?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 97 regular apartments in Southwest Richfield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Southwest Richfield?
Cheap apartments in Southwest Richfield have an average cost of $508 which is $2,891 cheaper than the average rent for all rentals in Southwest Richfield.
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
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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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
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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.