Cheap Apartments for Rent in the Southwest Richfield Neighborhood of Richfield, MN from $800 (84 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest Richfield area of Richfield.

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Richlyn
$869 - $1,057
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $987
Required Monthly Fees
$70

Total Monthly Price
$869 - $1,057
Studio Apartments Available Now

Richlyn

6345 Lyndale Ave SRichfield, MN 55423
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Fountainhead
Rent Specials
$1,070 - $1,940
Total Monthly Price

Total Monthly Price

Base Rent
$1,070 - $1,940

Total Monthly Price
$1,070 - $1,940
Studio to 3 Bedroom Apartments Available Now

Fountainhead

7611 Knox Ave SRichfield, MN 55423
Pet Friendly
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  • Utilities Included
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Southdale Parc Apartments
$1,080 - $1,115
Total Monthly Price

Total Monthly Price

Base Rent
$1,065 - $1,100
Required Monthly Fees
$15

Total Monthly Price
$1,080 - $1,115
1 Bedroom Apartments Available Mar 1

Southdale Parc Apartments

2720 W 66th StRichfield, MN 55423
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Riley
$1,099 - $1,769
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $1,769

Total Monthly Price
$1,099 - $1,769
Studio to 1 Bedroom Apartments Available Now

Riley

600 W 64th St WRichfield, MN 55423
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Woodlake Park
Rent Specials
$1,145 - $1,655
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,655

Total Monthly Price
$1,145 - $1,655
1 to 2 Bedroom Apartments Available Now

Woodlake Park

6304 Dupont Ave SRichfield, MN 55423
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  • Utilities Included

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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.

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Queen Terrace Apartments
Rent Specials
$1,146
Total Monthly Price

Total Monthly Price

Base Rent
$1,125
Required Monthly Fees
$21

Total Monthly Price
$1,146
1 Bedroom Apartments Contact Us For Availability

Queen Terrace Apartments

6444 Queen Ave SRichfield, MN 55423
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Portland Terrace
Rent Specials
$1,229
Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Required Monthly Fees
$4

Total Monthly Price
$1,229
1 Bedroom Apartments Available Now

Portland Terrace

7232 Portland AveRichfield, MN 55423
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1001/15 East 66th St.
1 Bedroom Apartments

1001/15 East 66th St.

1001-1015 E 66th StRichfield, MN 55423
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Pleasant Ave Apartments
1 Bedroom Apartments

Pleasant Ave Apartments

6401-6421 Pleasant AveRichfield, MN 55423
Senior Living
  • Utilities Included
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JAMAR WEST
1 Bedroom Apartments

JAMAR WEST

7412 Oliver Ave SRichfield, MN 55423
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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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JAMAR WEST
1 to 2 Bedroom Apartments

JAMAR WEST

7428 Lyndale Ave SRichfield, MN 55423
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6629 Queen
1 to 2 Bedroom Apartments

6629 Queen

6629 Queen Ave SRichfield, MN 55423
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7501 Penn
1 Bedroom Apartments

7501 Penn

7501 Penn Ave SRichfield, MN 55423
Senior Living
  • Utilities Included
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6600 Chicago Ave S
1 to 2 Bedroom Apartments

6600 Chicago Ave S

6600 Chicago Ave SRichfield, MN 55423
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Virginian Apartment
1 to 2 Bedroom Apartments

Virginian Apartment

7700 12th AveRichfield, MN 55423
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Hub Apartments
1 Bedroom Apartments

Hub Apartments

200-212 W 65th StRichfield, MN 55423
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Eastfield
1 Bedroom Apartments

Eastfield

7137 Chicago Ave SRichfield, MN 55423
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Lyndale West Apartments
1 to 2 Bedroom Apartments

Lyndale West Apartments

6320 Lyndale Ave SRichfield, MN 55423
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Penn Apartments
1 to 2 Bedroom Apartments

Penn Apartments

7420 Penn Ave SRichfield, MN 55423
  • Utilities Included

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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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Lynwood Flats
1 to 2 Bedroom Apartments

Lynwood Flats

800-840 W 65th StRichfield, MN 55423
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Corinthian Apartments
1 to 2 Bedroom Apartments

Corinthian Apartments

631 E 77th StRichfield, MN 55423
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Pleasant Apartments
2 Bedroom Apartments

Pleasant Apartments

6313 Pleasant Ave SRichfield, MN 55423
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6715 Penn
2 Bedroom Apartments

6715 Penn

6715 Penn Ave SRichfield, MN 55423
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Kensington Park Condos
1 Bedroom Apartments

Kensington Park Condos

7610 Lyndale Ave SRichfield, MN 55423
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Oliver Apartments
Studio to 3 Bedroom Apartments

Oliver Apartments

6416 Oliver Ave SRichfield, MN 55423

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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7520 Oliver Ave S, Unit 511
$995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995
1 Bedroom Apartment Available Feb 4

7520 Oliver Ave S, Unit 511

7520 Oliver Ave SMinneapolis, MN 55423
Affordability
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South Pointe
$1,015 - $1,630
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $1,630

Total Monthly Price
$1,015 - $1,630
Studio to 2 Bedroom Apartments Available Now

South Pointe

651-691 E American BlvdBloomington, MN 55420
Pet Friendly
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  • Utilities Included
property at 8601 Nicollet Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Feb 1

8601 Nicollet Ave

MinneapolisMN55420

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Southwest Richfield, Richfield, MN Local Guide

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 ListingModel NameBed/BathPriced From
RichlynStudio - 50% AMIStudio,1BA$869
Wexford Commons ApartmentsEfficiencyStudio,1BA$895
Penn Apartments1BR/1.0BA1BR,1BA$975
2215 W 74th St1 Bed, 1 Bath1BR,1BA$998
Nicollet Court1.1bed1BR,1BA$1,018
ConciergeThe Superior1BR,1BA$1,070
Southdale Parc Apartments1 Bedroom B1BR,1BA$1,080
Colony Apartment HomesOne bedroom- Unremodeled/Remodeled1BR,1BA$1,099
RileyRooseveltStudio,1BA$1,099
Nicollet Manor1 bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
York Plaza2 Bedroom2BR,2BA$1.38
Windom Gables3BR/2.0BA3BR,2BA$1.52
Nicollet Manor2 bed2BR,1BA$1.25
7200 York Ave S, Unit 7200-4217200 York Ave S1BR,1BA$1.50
Woodlake ParkWooddale2BR,1.5BA$1.52
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.35
South PointeStarboard1BR,1BA$1.57
Colony Apartment HomesOne bedroom- Unremodeled/Remodeled1BR,1BA$1.57
2215 W 74th St1 Bed, 1 Bath1BR,1BA$1.43
Penn Apartments1BR/1.0BA1BR,1BA$1.60

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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.

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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.

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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.

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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.

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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.