Nearby rentals
Property management
Thor Christensen
Apartment Amenities
| Air Conditioning | Carpet |
Grounds
| Outdoor Space | Storage |
Services
| On-Site Management |
One-time.
One-time. Refundable.
No pets allowed.
Questions about this property’s policies and fees?
| Lease terms | 1+ month |
|---|
**7533 Penn Avenue South, Richfield, MN 55423** Welcome home to this newly renovated apartment in the heart of Richfield! Conveniently located just minutes from shopping, restaurants, parks, schools, and major highways, this apartment offers the perfect combination of comfort, style, and convenience. Whether you're commuting to downtown Minneapolis, the airport, or the Mall of America, you'll appreciate the central location and easy access to public transportation. Apartment Features * Brand new luxury vinyl plank (LVP) flooring * New plush carpeting in bedrooms * Freshly painted throughout with modern, neutral colors * Updated lighting fixtures for a bright, contemporary feel * Stainless steel kitchen appliances * Spacious floor plan with abundant natural light * Ample closet and storage space Community Features * Secure building with combination door locks for convenient, key-free entry * Security cameras throughout the building for added peace of mind * Professionally managed with responsive maintenance and attentive customer service * Well-maintained property and common areas * Off-street parking available Prime Richfield Location Enjoy living in one of Richfield's most convenient neighborhoods! You'll be close to: * Shopping and grocery stores * Restaurants and coffee shops * Public transportation * Parks and walking trails * Easy access to I-494, Highway 62, and I-35W * Minneapolis–Saint Paul International Airport * Mall of America * Downtown Minneapolis This beautifully updated apartment offers modern finishes, enhanced security, and professional management—all in a convenient location you'll love. **Schedule your tour today and see why 7533 Penn Avenue South is the perfect place to call home!**
How 7533 Penn Ave S #5 compares to other nearby properties.
Positives
| Neighborhood | Southwest Richfield |
|---|---|
| Zip code | 55423 |
| Type | Apartment for rent |
1-bedroom apartments at 7533 Penn Ave S #5 cost about 2% less than the average rent price for 1-bedroom apartments in Richfield.
| Month | Median Rent |
|---|---|
| July 2024 | $1,150 |
| August 2024 | $1,102 |
| September 2024 | $1,104 |
| 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 | $1,397 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,090 |
| August 2024 | $1,087 |
| September 2024 | $1,055 |
| 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 | $1,020 |
Can I afford to live at 7533 Penn Ave S #5?
Bedrooms
1 bedroomRent-to-income ratio
30%
$39,800/yr
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Loring Park • 1254 Hennepin Avenue
Studio–2 Beds
$1,100–$2,300
Merriam Park East • 455 Snelling Ave N
Studio–3 Beds
$1,144–$2,886
Roseville • 1760 North Fernwood Street
1–2 Beds
$1,080–$1,200
Plymouth - Wayzata • 17210 County Road 6
1–2 Beds
$1,205–$1,460
Plymouth - Wayzata • 101 Glenbrook Rd N
1–2 Beds
$1,185–$1,330
Loring Park • 1254 Hennepin Avenue
Studio–2 Beds
$1,100–$2,300
Merriam Park East • 455 Snelling Ave N
Studio–3 Beds
$1,144–$2,886
Roseville • 1760 North Fernwood Street
1–2 Beds
$1,080–$1,200
Plymouth - Wayzata • 17210 County Road 6
1–2 Beds
$1,205–$1,460
Plymouth - Wayzata • 101 Glenbrook Rd N
1–2 Beds
$1,185–$1,330
