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modified
23 Hours Ago

Highlights

  • Pet Friendly
  • Friendly staff
  • Two-bedroom apartments
  • Comfortable living

Location

7232 Portland Ave, Richfield, MN 55423, USA|Southeast Richfield
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Tour Portland Terrace

Contact

Management

Halverson and Blaiser Group, LTD

Leasing office

(952) 592-1029

Open 

Friday 9:00 am–5:00 pm CT

Property Overview

Portland Terrace is an impressive rental option, receiving a Zumper expert rating of 8.8 out of 10, highlighting its competitive pricing and excellent amenities. Residents enjoy a prime location with a 9 out of 10 rating, offering convenience to various points of interest and schools. Additionally, the presence of friendly staff and the quality of two-bedroom apartments contribute to a comfortable living experience, supported by comprehensive information and transparency in the property's description.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, Portland Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Portland Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Images Available
  • Laundry available on site

Great for

  • Pet owners

Floor plans

Renovated 1 Bedroom1 bed1 bath621 sqft$1,225 /mo1 unit availablePortland Terrace, Renovated 1 Bedroom, Richfield, MN
Renovated 2 Bedroom2 bed1 bath724 sqft$1,479 /mo2 units availablePortland Terrace, Renovated 2 Bedroom, Richfield, MN

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Amenities for Portland Terrace

Apartment Amenities

Air ConditioningCarpet
Ceiling FanFreezer
Hardwood Floor

Appliances

OvenRange
RefrigeratorWall Air Conditioner

Tech

Cable Ready

Building

Cats OKControlled Access
Dogs OKOnsite Laundry

Grounds

Off-Street ParkingStorage

Services

On-Site ManagementSpanish Speaking Staff

Neighborhood

Transportation

Other

Online Maintenance PortalOnline Rent Payment
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

OPTIONAL FEES

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Pet Rent

Monthly. 2 cats max. | Restrictions: None.

$30

Pet Fee

One-time fee per pet.

$250

Pet Deposit

Refundable: $200.00 refundable deposit. One-time deposit per pet.

$200

Dog

Pet Rent

Monthly. 2 dogs max. | Restrictions: No Breed Or Size Restrictions.

$45

Pet Fee

One-time fee per pet.

$250

Pet Deposit

Refundable: $200.00 refundable deposit. One-time deposit per pet.

$200

Questions about this property’s policies and fees?

Building details

Property details

Units68
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About Portland Terrace

HomeApartments in RichfieldSoutheast Richfield Portland Terrace

Discover comfortable and convenient living at Portland Terrace, offering a selection of studio, one-, and two-bedroom apartments for rent. Nestled in the heart of Richfield and just minutes from Downtown Minneapolis, our community provides easy access to public transportation and a location that keeps you connected to everything the city has to offer. Book a tour with our friendly staff today.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, Portland Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Portland Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Portland Terrace
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Portland Terrace offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Portland Terrace stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Portland Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Portland Terrace does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Portland Terrace is great for:

Pet owners

  • 1 pet grooming service nearby
  • 3 pet supply stores near the property
  • 1 pet hospital in the area

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 Portland Terrace compares to other nearby properties.

Positives

High school nearby
There is a high school 0.1 mile away
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Southeast Richfield

1-bedroom apartments here are priced 4% higher than 1-bedrooms in Southeast Richfield.

If you decide to upgrade your space, you can expect 2-bedrooms at Portland Terrace to be 6% more than the average for similarly sized apartments in Southeast Richfield.

Median rents as of Jan 17 2026.
Southeast Richfield
Richfield
A table of 1-bedroom apartment rental data trends in Richfield
MonthMedian Rent
February 2024$1,206
March 2024$1,508
April 2024$1,375
May 2024$1,249
June 2024$1,120
July 2024$1,142
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$1,095
A table of 1-bedroom apartment rental data trends in Southeast Richfield
MonthMedian Rent
February 2024$1,000
March 2024$1,007
April 2024$1,019
May 2024$1,056
June 2024$1,055
July 2024$1,050
August 2024$1,050
September 2024$1,046
October 2024$1,050
November 2024$1,050
December 2024$1,050
January 2025$1,075
February 2025$1,050
March 2025$1,199
April 2025$1,194
May 2025$1,132
July 2025$1,120
August 2025$1,132
September 2025$1,145
October 2025$1,133
November 2025$1,120
December 2025$1,170
January 2026$1,173

Affordability calculator

Can I afford to live at 7232 Portland Ave?

Bedrooms

Rent-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

$49,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $49,000 annually to afford this 1-bedroom monthly rent price of $1,225.
For more information on rent affordability, visit our rent calculator.

Schools near Portland Terrace

Central Education Center: Preschool

7145 harriet ave s

richfield, MN, 55423

PKPublic

Centennial Elementary School

7315 bloomington ave s

richfield, MN, 55423

PK, K-5Public
C+
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Internet available near Portland Terrace

Getting around Richfield near 7232 Portland Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

6/10
Popular public transit options are just a short walk from this location.

Points of interest for 7232 Portland Ave, Richfield

Groceries

8/10
At least one supermarket within a 15-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

3/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

7/10
At least one elementary school within a 15-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

2/10
Some bars within walking distance

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