Updated 5+ Days Ago
Highlights
- Utilities included
- Non-smoker
Location
7527 Penn Ave S #1, Minneapolis, MN 55423, USA|Southwest Richfield
Tour 7527 Penn Ave S #1
Contact
Thor Christensen
Nearby rentals
Property management
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Property Overview
Utilities are included, and the home is designated non-smoking. Nearby top-rated elementary, middle, and high schools are all within about 0.13 miles, and 17 photos provide a helpful visual overview. It also ranks in the 100th percentile for value for money in the area.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- Elementary school nearby
Great for
Pet owners
Amenities for 7527 Penn Ave S #1, Southwest Richfield
Apartment Amenities
| Air Conditioning | Utilities Included |
Grounds
| Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 1+ month |
|---|
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About 7527 Penn Ave S #1
1 BR / 1 BA apartment in the heart of Richfield. Close to shopping and on a bus line. Heat, water and sewer are included. Month to month lease with two-month notice of termination. $250.00 move in fee. Description AVAILABLE 7/1/2026. Charming one-bedroom, one-bath unit available in an apartment building. Great room layout. Freshly painted interior. $950.00 monthly rent. One month security deposit. No broker fees! This property is managed by a responsible landlord using Innago. com landlord software. (pictures are general apartment pictures for the building). QUALIFICATION STANDARDS: · Applicant(s) must have valid government-issued photo identification and a valid social security number. · Applicant(s) total monthly gross household income must exceed three times the rent. All income must be from a verifiable source. · Applicant(s) is/are subject to landlord reference check dating back as many as 5 years. · Applicant(s) may not have any evictions or unpaid judgments from previous landlords. · Applicant(s) credit score should be a minimum of 650. · All occupants over 18 must submit a separate application. · A background check will be conducted on all applicants over 18. · Applicant(s) must be a non-smoker. · Occupancy is limited to 2 people per bedroom or as allowed by law. TERMS: · Move in date – 7/1/26 · Month-to-month lease with a two-month notice if you decide to move out. · Rent - $950.00 · Move in fee - $250.00. · Security deposit - $950.00. · Pets are not permitted unless there is an agreement in writing. · Renters insurance is required for your entire tenancy. · Water/sewer/heat/natural gas are the only utilities included in the rent.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 7527 Penn Ave S, Richfield, MN 55423, USA compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.1 mile away
- Elementary school nearby
- There is an elementary school 0.1 mile away
- High school nearby
- There is a high school 0.1 mile away
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Southwest Richfield |
|---|---|
| Zip code | 55423 |
| Type | Apartment for rent |
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Rent trends in Southwest Richfield
1-bedroom apartments at 7527 Penn Ave S #1 cost about 8% less than the average rent price for 1-bedroom apartments in Richfield.
Median rents as of Sep 12 2026.
Southwest Richfield
Richfield
| Month | Median Rent |
|---|---|
| September 2024 | $1,075 |
| October 2024 | $1,077 |
| November 2024 | $1,094 |
| December 2024 | $1,539 |
| January 2025 | $1,304 |
| February 2025 | $1,303 |
| March 2025 | $1,253 |
| April 2025 | $1,136 |
| May 2025 | $1,146 |
| June 2025 | $1,178 |
| July 2025 | $1,246 |
| August 2025 | $1,195 |
| September 2025 | $1,145 |
| October 2025 | $1,218 |
| November 2025 | $1,132 |
| December 2025 | $1,159 |
| January 2026 | $1,107 |
| February 2026 | $1,167 |
| March 2026 | $1,216 |
| April 2026 | $1,207 |
| May 2026 | $1,446 |
| June 2026 | $1,527 |
| July 2026 | $1,407 |
| August 2026 | $1,399 |
| September 2026 | $1,250 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,045 |
| October 2024 | $1,063 |
| November 2024 | $1,080 |
| December 2024 | $1,000 |
| January 2025 | $1,067 |
| February 2025 | $1,078 |
| March 2025 | $1,081 |
| April 2025 | $1,063 |
| May 2025 | $1,121 |
| June 2025 | $1,115 |
| July 2025 | $1,266 |
| August 2025 | $1,197 |
| September 2025 | $1,144 |
| October 2025 | $1,223 |
| November 2025 | $1,130 |
| December 2025 | $1,158 |
| January 2026 | $1,100 |
| February 2026 | $1,161 |
| March 2026 | $1,212 |
| April 2026 | $1,136 |
| May 2026 | $1,044 |
| June 2026 | $1,020 |
| July 2026 | $1,007 |
| August 2026 | $1,008 |
| September 2026 | $1,030 |
Affordability calculator
Can I afford to live at 7527 Penn Ave S #1?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$38,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 1-bedroom monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| Last month | $950 | 1 bed | 1 bath | ||
| 3 months ago | $995 | 1 bed | 1 bath | ||
| 1 year ago | $950 | 1 bed | 1 bath | ||
| 2 years ago | $900 | 1 bed | 1 bath |
Schools near 7527 Penn Ave S #1
New Code Academy Elementary
1350 west 106th street
bloomington, MN, 55431
K-5Public
B-
Central Education Center: ECSE
7145 harriet ave s
richfield, MN, 55423
PKPublic
Central Education Center: Preschool
7145 harriet ave s
richfield, MN, 55423
PKPublic
Sheridan Hills Elementary School
6400 sheridan ave s
richfield, MN, 55423
PK, K-5Public
B-
Prairie Care Edina - Php
4510 west 77th street
edina, MN, 55435
K-12Public
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Internet available near 7527 Penn Ave S #1
Getting around Minneapolis near 7527 Penn Ave S #1
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 7527 Penn Ave S #1, Minneapolis
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
8/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
Other units at this address
7527 Penn Ave S, Richfield, MN
7527 Penn Ave S Richfield, MN
Occupied
3
1 Bed
1 Bath
$950
On-Site Laundry • Air Conditioning
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