Cheap Apartments for Rent in the Southwest Richfield Neighborhood of Richfield, MN from $800 (109 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
$913

Total Monthly Price

Base Rent$913

Total Monthly PriceVaries
Studio Apartments Available Now

Richlyn

6345 Lyndale Ave SRichfield, MN 55423
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property at 7633 Vincent Ave S
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
12 Month Lease Term
5 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

7633 Vincent Ave S

RichfieldMN55423
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Fountainhead
$1,115 - $2,000

Total Monthly Price

Base Rent$1,115 - $2,000

Total Monthly Price$1,115 - $2,000
Studio to 3 Bedroom Apartments Available Now

Fountainhead

7611 Knox Ave SRichfield, MN 55423
Outdoors
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  • Utilities Included
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Seasons Park
Rent Specials
$1,128 - $1,388

Total Monthly Price

Base Rent$1,120 - $1,380
Required Monthly Fees$8

Total Monthly Price$1,128 - $1,388
1 to 2 Bedroom Apartments Available Now

Seasons Park

951 E 77th StRichfield, MN 55423
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  • Low Income
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Riley
$1,131 - $1,838

Total Monthly Price

Base Rent$1,131 - $1,838

Total Monthly PriceVaries
Studio to 1 Bedroom Apartments Available Sep 30

Riley

600 W 64th St WRichfield, MN 55423
Eco-Friendly
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Corinthian Apartments
Rent Specials
$1,134

Total Monthly Price

Base Rent$1,130
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Oct 1

Corinthian Apartments

631 E 77th StRichfield, MN 55423
Pet Friendly
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  • Utilities Included

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
$1,144 - $1,403

Total Monthly Price

Base Rent$1,144 - $1,403

Total Monthly Price$1,144 - $1,403
1 to 2 Bedroom Apartments Available Now

Concierge

7620 Penn Ave SRichfield, MN 55423
Student Housing
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Woodlake Park
$1,180 - $1,675

Total Monthly Price

Base Rent$1,180 - $1,675

Total Monthly Price$1,180 - $1,675
1 to 2 Bedroom Apartments Available Now

Woodlake Park

6304 Dupont Ave SRichfield, MN 55423
Outdoors
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Portland Terrace
Rent Specials
$1,229

Total Monthly Price

Base Rent$1,225
Required Monthly FeesVaries

Total Monthly PriceVaries
1 Bedroom Apartments Available Nov 1

Portland Terrace

7232 Portland AveRichfield, MN 55423
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Novo
$1,325 - $2,571

Total Monthly Price

Base Rent$1,254 - $2,500
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Novo

2400 W 66th StRichfield, MN 55423
Active Lifestyle
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Landsby on Penn
Rent Specials
$1,494 - $4,309

Total Monthly Price

Base Rent$1,471 - $4,286
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Landsby on Penn

6200 Penn Ave SRichfield, MN 55423
Family Friendly
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The Oaks on Pleasant
Rent Specials
$1,525 - $1,595

Total Monthly Price

Base Rent$1,525 - $1,595

Total Monthly Price$1,525 - $1,595
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

The Oaks on Pleasant

6600 Pleasant AveRichfield, MN 55423
Pet Friendly
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  • Utilities Included

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.

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1001/15 East 66th St.
1 Bedroom Apartments

1001/15 East 66th St.

1001-1015 E 66th StRichfield, MN 55423
  • Utilities Included
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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 to 2 Bedroom Apartments

JAMAR WEST

7428 Lyndale Ave SRichfield, MN 55423
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JAMAR WEST
1 Bedroom Apartments

JAMAR WEST

7412 Oliver Ave SRichfield, MN 55423
  • Utilities Included
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6629 Queen
1 to 2 Bedroom Apartments

6629 Queen

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

7501 Penn

7501 Penn Ave SRichfield, MN 55423
Senior Living
  • Utilities Included

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.

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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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Penn Apartments
1 Bedroom Apartments

Penn Apartments

7515 Penn Ave SRichfield, MN 55423
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Virginian Apartment
1 to 2 Bedroom Apartments

Virginian Apartment

7700 12th AveRichfield, MN 55423
  • Utilities Included
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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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Penn Apartments
1 to 2 Bedroom Apartments

Penn Apartments

7420 Penn Ave SRichfield, MN 55423
  • Utilities Included
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Pleasant Apartments
2 Bedroom Apartments

Pleasant Apartments

6313 Pleasant Ave SRichfield, MN 55423
  • Utilities Included
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Greenbrier Terrace
1 to 2 Bedroom Apartments

Greenbrier Terrace

6445 Queen Ave SRichfield, MN 55423
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6715 Penn Ave S
2 Bedroom Apartments

6715 Penn Ave S

6715 Penn Ave SRichfield, MN 55423

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.

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Lynwood Flats
1 to 2 Bedroom Apartments

Lynwood Flats

800-840 W 65th StRichfield, MN 55423
  • Utilities Included
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Lyndale West
1 to 2 Bedroom Apartments

Lyndale West

6320 Lyndale Ave SRichfield, MN 55423
  • Utilities Included
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Oliver Apartments
Studio to 3 Bedroom Apartments

Oliver Apartments

6416 Oliver Ave SRichfield, MN 55423
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Kensington Park Condos
1 Bedroom Apartments

Kensington Park Condos

7610 Lyndale Ave SRichfield, MN 55423
  • Utilities Included
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Henley Townhomes
2 to 3 Bedroom Apartments

Henley Townhomes

6330-6344 Lyndale Ave SRichfield, MN 55423
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South Pointe
$1,045 - $1,655

Total Monthly Price

Base Rent$1,045 - $1,655

Total Monthly Price$1,045 - $1,655
Studio to 2 Bedroom Apartments Available Now

South Pointe

651-691 E American BlvdBloomington, MN 55420
Pet Friendly
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property at 8320 Fremont Ave S
$1,099

Total Monthly Price

Base Rent$1,099

Total Monthly Price$1,099
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

8320 Fremont Ave S

MinneapolisMN55420
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ReNew Minnehaha
Rent Specials
$1,149 - $1,969

Total Monthly Price

Base Rent$1,149 - $1,969

Total Monthly Price$1,149 - $1,969
Studio to 2 Bedroom Apartments Available Now

ReNew Minnehaha

6045 Lyndale AveMinneapolis, MN 55419
Affordability
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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

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 ListingModel NameBed/BathPriced From
RichlynUnit 21 - 50% AMIStudio,1BA$913
2215 W 74th St1 Bed, 1 Bath1BR,1BA$998
Lyndale Gardens1 Bedroom Large1BR,1BA$1,075
ReNew MinnehahaS1Studio,1BA$1,079
Nicollet Court1.1bed1BR,1BA$1,120
South Pleasant Apartments2BR/1.0BA2BR,1BA$1,125
Seasons Park1 Bedroom, Type B, Income Restrictions1BR,1BA$1,128
ConciergeThe Superior1BR,1BA$1,144
FountainheadMonroe1BR,1BA$1,160
Colony Apartment HomesOne bedroom- Unremodeled/Remodeled1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Southview Estates3 Bedroom3BR,2BA$1.46
Astor Place of EdinaA11BR,1BA$1.62
Diamond Pointe ApartmentsTwo Bedroom2BR,1BA$1.57
City Limits ApartmentsNokomis2BR,1BA$1.66
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.41
South PointeStarboard1BR,1BA$1.65
Seasons Park1 Bedroom, Type B, Income Restrictions1BR,1BA$1.51
South Pleasant Apartments2BR/1.0BA2BR,1BA$1.56
Willows On France1BR/1.0BA1BR,1BA$1.68
2215 W 74th St1 Bed, 1 Bath1BR,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.

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Navigating 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.

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Real 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.

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Quick 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.

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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 $1,175.

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.

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