
Cheap Apartments for Rent in the Southwest Richfield Neighborhood of Richfield, MN from $800 (109 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest Richfield area of Richfield.


7633 Vincent Ave S

2215 W 74th St

Lyndale Gardens

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Southdale Parc Apartments

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Fountainhead

South Pleasant Apartments

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Seasons Park

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Riley

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Corinthian Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Concierge

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Queen Terrace Apartments

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Woodlake Park

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Richfield Square Apartments

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New Orleans Court Apartments and Townhomes

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Portland Terrace

Lynvue

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Novo

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Landsby on Penn

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The Oaks on Pleasant
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Lyndale Plaza Apartments

7311 Aldrich Ave S

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6909 Nicollet Ave S, Unit MIL apt

1001/15 East 66th St.

Pleasant Ave Apartments

JAMAR WEST

JAMAR WEST

6629 Queen

6526 Oliver Apartments

7501 Penn
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

6600 Chicago Ave S

Penn Apartments

Virginian Apartment

Hub Apartments

Eastfield

Penn Apartments

Richfield House Apartments

Pleasant Apartments

Greenbrier Terrace

6715 Penn Ave S
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Lynwood Flats

Henley (6324-6344 Lyndale)

Lyndale West

Oliver Apartments

Kensington Park Condos

Henley Townhomes

7027 Morgan Ave S

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South Pointe

8320 Fremont Ave S

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ReNew Minnehaha
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.
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 | $1,434 | $913 | $2,350 |
| Southwest Richfield 1 Bedroom Apartments | $1,509 | $998 | $3,256 |
| Southwest Richfield 2 Bedroom Apartments | $2,139 | $1,125 | $8,297 |
| Southwest Richfield 3 Bedroom Apartments | $2,652 | $1,300 | $4,309 |
Browse Apartments in this Neighborhood
There are currently 109 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 $913. 2215 W 74th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $998. Here are the most affordable Southwest Richfield apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Richlyn | Unit 21 - 50% AMI | Studio,1BA | $913 |
| 2215 W 74th St | 1 Bed, 1 Bath | 1BR,1BA | $998 |
| Lyndale Gardens | 1 Bedroom Large | 1BR,1BA | $1,075 |
| ReNew Minnehaha | S1 | Studio,1BA | $1,079 |
| Nicollet Court | 1.1bed | 1BR,1BA | $1,120 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1,125 |
| Seasons Park | 1 Bedroom, Type B, Income Restrictions | 1BR,1BA | $1,128 |
| Concierge | The Superior | 1BR,1BA | $1,144 |
| Fountainhead | Monroe | 1BR,1BA | $1,160 |
| Colony Apartment Homes | One bedroom- Unremodeled/Remodeled | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Southwest Richfield, MN
As of September 07, 2026 the best value apartment in the Southwest Richfield area is the $1.46 price per square foot 3 Bedroom Model at Southview Estates in the in the Southwest Richfield neighborhood starting from $1,978. The second greatest value Southwest Richfield apartment is the A1 Model at Astor Place of Edina starting at $1,595 with a $1.62 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. |
|---|---|---|---|
| Southview Estates | 3 Bedroom | 3BR,2BA | $1.46 |
| Astor Place of Edina | A1 | 1BR,1BA | $1.62 |
| Diamond Pointe Apartments | Two Bedroom | 2BR,1BA | $1.57 |
| City Limits Apartments | Nokomis | 2BR,1BA | $1.66 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.41 |
| South Pointe | Starboard | 1BR,1BA | $1.65 |
| Seasons Park | 1 Bedroom, Type B, Income Restrictions | 1BR,1BA | $1.51 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| Willows On France | 1BR/1.0BA | 1BR,1BA | $1.68 |
| 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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
Richfield Senior High School
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 $1,175.
What is the price of a cheap apartment in Southwest Richfield?
The cheapest apartment in Southwest Richfield is 2215 W 74th St which is listed at $998, while the average apartment in Southwest Richfield costs $1,558.
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 36 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 $224 which is $1,334 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

Authentic Minneapolis: An Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.