
Cheap Apartments for Rent in the Southwest Richfield Neighborhood of Richfield, MN from $800 (108 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest Richfield area of Richfield.


2215 W 74th St

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Southdale Parc Apartments

Lyndale Gardens

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Fountainhead

Seasons Park

South Pleasant Apartments

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Queen Terrace Apartments

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Woodlake Park

6324 Lyndale Ave S
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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New Orleans Court Apartments and Townhomes

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Portland Terrace

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Novo

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Riley

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Richfield Square Apartments

Lynvue

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Landsby on Penn

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The Oaks on Pleasant

Lyndale Plaza Apartments
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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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

6600 Chicago Ave S

Penn Apartments
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.

Virginian Apartment

Hub Apartments

Eastfield

Greenbrier Terrace

Penn Apartments

Henley (6324-6344 Lyndale)

Richfield House Apartments

Pleasant Apartments

6715 Penn Ave S

Lynwood Flats
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.

Lyndale West

Oliver Apartments

Kensington Park Condos

Henley Townhomes

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6737 Pleasant Ave

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South Pointe

Nicollet Manor

Colony Apartment Homes

Willows On France

York Place Apartments Edina
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 | $1,376 | $885 | $2,413 |
| Southwest Richfield 1 Bedroom Apartments | $1,571 | $910 | $4,321 |
| Southwest Richfield 2 Bedroom Apartments | $2,264 | $1,125 | $10,000+ |
| Southwest Richfield 3 Bedroom Apartments | $2,419 | $1,570 | $4,309 |
Browse Apartments in this Neighborhood
There are currently 108 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 $885. Lyndale Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Southwest Richfield apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Richlyn | Unit 4 - 50% AMI | Studio,1BA | $885 |
| Lyndale Gardens | 1 Bedroom Large | 1BR,1BA | $1,095 |
| Nicollet Manor | 1 bedroom | 1BR,1BA | $1,100 |
| Seasons Park | 1 Bedroom, Type B, Income Restrictions | 1BR,1BA | $1,120 |
| Greenbrier Terrace | 1 | 1BR,1BA | $1,125 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1,125 |
| Woodlake Park | Lynwood | 1BR,1BA | $1,160 |
| Concierge | The Superior | 1BR,1BA | $1,185 |
| ReNew Minnehaha | S1 | Studio,1BA | $1,189 |
Best Value Apartments for Rent in Southwest Richfield, MN
As of July 24, 2026 the best value apartment in the Southwest Richfield area is the $1.46 price per square foot 2 Bedroom Model at York Plaza in the in the Armatage neighborhood starting from $1,895. The second greatest value Southwest Richfield apartment is the 3 Bed, 1 Bath Model at 2215 W 74th St starting at $1,570 with a $1.31 price per square foot in the Windom 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 | $1.46 |
| 2215 W 74th St | 3 Bed, 1 Bath | 3BR,1BA | $1.31 |
| Nicollet Manor | 2 bed | 2BR,1BA | $1.25 |
| Astor Place of Edina | A1 | 1BR,1BA | $1.62 |
| Seasons Park | 2 Bedroom, Type B, Income Restrictions | 2BR,1BA | $1.60 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.41 |
| 6715 Penn Ave S | 2/1 | 2BR,1BA | $1.69 |
| City Limits Apartments | Hiawatha | 1BR,1BA | $1.56 |
| Wexford Commons Apartments | 2 Bedroom | 2BR,1BA | $1.67 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
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 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 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 $1,189.
What is the price of a cheap apartment in Southwest Richfield?
The cheapest apartment in Southwest Richfield is Lyndale Gardens which is listed at $1,095, while the average apartment in Southwest Richfield costs $3,295.
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 43 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 $247 which is $3,048 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
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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
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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
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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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.