Zumper
modified
59 Minutes Ago

Highlights

  • Prime location
  • Urban living
  • Utilities not included
  • Cat-friendly community
  • Reserved off-street parking
  • Inviting eat-in kitchen

Location

7515 Penn Avenue South, Richfield, Minnesota 55423, United States|Southwest Richfield
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Management

Penn Apartments LLC

Leasing office

(952) 392-8879 ext. 2

Property Overview

Penn Apartments scores highly across several key metrics, showcasing its appeal to renters. With an impressive overall Zumper rating of 8.8, it features a prime urban location with excellent amenities and a strong balance between price and value. Notable features include an inviting eat-in kitchen, cat-friendly community, and reserved off-street parking, solidifying its status as a reliable option for those seeking quality urban living.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” 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, Penn Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Penn Apartments 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

  • Less expensive
  • High school nearby

Floor plans

1BR/1.0BA1 bed1 bath600 sqft$975–$1,000 /mo3 units availableExperience urban living at its finest in this 1-bedroom apartment, perfectly positioned just one block from Best Buy Corporate Office. This unit offers lots of natural light through generous windows, creating a warm and inviting atmosphere throughout. The thoughtfully designed layout features an inviting eat-in kitchen, perfect for both casual dining and entertaining. Storage worries are a thing of the past with abundant in-unit closet space plus your own dedicated storage unit – ideal for bikes, seasonal items, or extra belongings. Convenience meets comfort with: - Reserved off-street parking - Prime location near Rainbow, Target, and Southtown Mall, the Airport, Best Buy and more - Easy access to public transportation - Cat-friendly community (additional fees apply) *Utilities not included. $40 application fee per person.*

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Amenities for Penn Apartments

Appliances

FridgeRange
Refrigerator

Grounds

Free Onsite Parking
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

Building details

Property details

Units22
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About Penn Apartments

HomeApartments in RichfieldSouthwest Richfield Penn Apartments

Experience urban living at its finest in this 1-bedroom apartment, perfectly positioned just one block from Best Buy Corporate Office. This unit offers lots of natural light through generous windows, creating a warm and inviting atmosphere throughout. The thoughtfully designed layout features an inviting eat-in kitchen, perfect for both casual dining and entertaining. Storage worries are a thing of the past with abundant in-unit closet space plus your own dedicated storage unit – ideal for bikes, seasonal items, or extra belongings. Convenience meets comfort with: - Reserved off-street parking - Prime location near Rainbow, Target, and Southtown Mall, the Airport, Best Buy and more - Easy access to public transportation - Cat-friendly community (additional fees apply) *Utilities not included. $40 application fee per person.*


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, Penn Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Penn Apartments 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 Penn Apartments
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.
Penn Apartments 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·8A 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.
With multiple in-demand amenities, Penn Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Penn Apartments 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·8A 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.
Anyone looking for quality at a great value will find Penn Apartments to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
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.

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 Penn Apartments compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 0.2 mile away

Considerations

Grow a garden indoors
A balcony, backyard, or shared outdoor space isn't available
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Southwest Richfield

1-bedroom apartments at Penn Apartments cost about 14% less than the average rent price for 1-bedroom apartments in Southwest Richfield.

Median rents as of Nov 29 2025.
Southwest Richfield
Richfield
A table of 1-bedroom apartment rental data trends in Richfield
MonthMedian Rent
December 2023$1,424
January 2024$1,695
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
A table of 1-bedroom apartment rental data trends in Southwest Richfield
MonthMedian Rent
December 2023$1,070
January 2024$1,215
February 2024$1,173
March 2024$1,064
April 2024$1,187
May 2024$1,249
June 2024$1,119
July 2024$1,089
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

Affordability calculator

Can I afford to live at 7515 Penn Avenue South?

Bedrooms

1 bedroom

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

$39,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,000 annually to afford this 1-bedroom monthly rent price of $975.
For more information on rent affordability, visit our rent calculator.

Schools near Penn Apartments

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-
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Internet available near Penn Apartments

Getting around Richfield near 7515 Penn Avenue South

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 7515 Penn Avenue South, Richfield

Groceries

6/10
At least one supermarket within a 20-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

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

3/10
Some bars within walking distance

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