4200 Valley View Rd
MinneapolisMN55424
Cheap Homes for Rent in Southwest Richfield Neighborhood of Richfield, MN from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Southwest Richfield area of Richfield.
7320 York Ave S, Unit 207
7320 York Ave S
MinneapolisMN55435
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.
5848 Washburn Ave S
MinneapolisMN55410
7311 Aldrich Ave S
MinneapolisMN55423
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.
7520 Edinborough Way, Unit Centennial Lakes Village Homes
7520 Edinborough Way
MinneapolisMN55435
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Southwest Richfield, Richfield, MN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Southwest Richfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest Richfield 2 Bedroom Homes for Rent | $1,779 | $1,549 | $1,995 |
| Southwest Richfield 3 Bedroom Homes for Rent | $2,356 | $1,675 | $2,710 |
| Southwest Richfield 4 Bedroom Homes for Rent | $2,691 | $2,395 | $2,946 |
| Southwest Richfield 5 Bedroom Homes for Rent | $4,743 | $3,200 | $7,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Southwest Richfield Neighborhood of Richfield, MN.
Explore 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 Wexford Commons Apartments priced from $895. 1001/15 East 66th St. has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| Wexford Commons Apartments | Efficiency | Studio,1BA | $895 |
| 1001/15 East 66th St. | 1BR/1.0BA | 1BR,1BA | $895 |
| Richlyn | Unit 22 - 50% AMI | Studio,1BA | $935 |
Best Value Apartments for Rent in Southwest Richfield, MN
As of June 14, 2026 the best value apartment in the Southwest Richfield area is the $1.31 price per square foot 3 Bed, 1 Bath Model at 2215 W 74th St in the in the Windom neighborhood starting from $1,570. The second greatest value Southwest Richfield apartment is the 2 bed Model at Nicollet Manor starting at $1,495 with a $1.25 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. |
|---|---|---|---|
| 2215 W 74th St | 3 Bed, 1 Bath | 3BR,1BA | $1.31 |
| Nicollet Manor | 2 bed | 2BR,1BA | $1.25 |
| Edina Park | Lupine | 2BR,1.8BA | $1.54 |
| Astor Place of Edina | A1 | 1BR,1BA | $1.55 |
| Diamond Pointe Apartments | Two Bedroom | 2BR,1BA | $1.56 |
| Seasons Park | 2 Bedroom, Type B, Income Restrictions | 2BR,1BA | $1.60 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.35 |
| ReNew Minnehaha | A2 | 1BR,1BA | $1.65 |
| South Pleasant Apartments | 2BR/1.0BA | 2BR,1BA | $1.56 |
| Penn Apartments | 1BR/1.0BA | 1BR,1BA | $1.64 |
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 Article
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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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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Best Local Schools in Southwest Richfield, Richfield, MN
Sheridan Hills Elementary
Richfield Public School District
Public School - Grades PK-5 (419)
7 out of 10
School data provided by Great Schools
Frequently Asked Questions about Southwest Richfield
What type of rentals are currently available in Southwest Richfield?
There are currently 184 Apartments for Rent in Southwest Richfield, MN with pricing that ranges from $895 to $20,457. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Richfield ranging from $1,549 to $7,800.
What is the current price range for Rental Homes in Southwest Richfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Richfield ranges from $1,549 to $7,800 with an average monthly rent of $2,623.
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
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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.
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Articles, How-To's, and Tips
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.
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.