19 Hours Ago
Location
7421 Penn Ave S, Richfield, MN 55423, USA|Southwest Richfield
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Property Overview
7421 Penn features an impressive overall Zumper rating of 8.9, highlighting its competitive pricing and exceptional amenities, both rated 10 out of 10. The property benefits from a prime location with easy access to top-rated schools, enhancing its appeal. Additionally, it stands out in the value-for-money percentile, outperforming many nearby options while providing a virtual tour and comprehensive descriptions that enhance transparency and trustworthiness for potential renters.
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.
Things you’ll love
Elementary school nearby- High school nearby
- Middle school nearby
Floor plans
| 1 Bedroom | 1 bed | 1 bath | 680 sqft | $1,025–$1,050 /mo | 2 units available | Virtual Tour: https my matterport com show ?m=gVJNQgTAaCA |
Let's explore this property.
Amenities for 7421 Penn
Apartment Amenities
| Air Conditioning | Central Heat |
| Heating |
Appliances
| Gas Range | Range |
| Refrigerator | Wall-Unit Air Conditioner |
Building
| No Smoking | Onsite Laundry |
Grounds
| Off-Street Parking |
Services
| Trash Removal |
Other
| Hot & Cold Water |
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
Building details
Property details
| Units | 11 |
|---|
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About 7421 Penn
Virtual Tour: https my matterport com show ?m=gVJNQgTAaCA
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.
8.9
/10
Very GoodWith a solid 8.9 out of 10 overall, 7421 Penn is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 7421 Penn has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
7421 Penn 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.
7421 Penn 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, 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.
7421 Penn 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 7421 Penn to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A 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.
7421 Penn provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 7421 Penn compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.0 mile away
- High school nearby
- There is a high school 0.0 mile away
- Middle school nearby
- There is a middle school 0.1 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
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Rent trends in Southwest Richfield
1-bedroom apartments at 7421 Penn cost about 16% less than the average rent price for 1-bedroom apartments in Southwest Richfield.
Median rents as of Mar 7 2026.
Southwest Richfield
Richfield
| Month | Median Rent |
|---|---|
| March 2024 | $1,680 |
| 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 | $1,107 |
| February 2026 | $1,167 |
| March 2026 | $1,225 |
| Month | Median Rent |
|---|---|
| March 2024 | $999 |
| 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 |
| December 2025 | $1,158 |
| January 2026 | $1,100 |
| February 2026 | $1,161 |
| March 2026 | $1,220 |
Affordability calculator
Can I afford to live at 7421 Penn Ave S?
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
$41,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 1-bedroom monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.
Schools near 7421 Penn
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-
New Code Academy Elementary
1350 west 106th street
bloomington, MN, 55431
K-5Public
B-
Prairie Care Edina - Php
4510 west 77th street
edina, MN, 55435
K-12Public
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Internet available near 7421 Penn
Getting around Richfield near 7421 Penn Ave S
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 7421 Penn Ave S, Richfield
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
7/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants 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
2/10
Few or no bars within walking distance
Explore the area around 7421 Penn Ave S
Fresh Thyme Market
2100 W 80 1/2 St
ALDI
860 W 78th St
Groceries of the Orient
7520 Lyndale Ave S
Whole Foods Market
7401 France Ave S
Cub
6775 York Ave S
Kohl's
7931 Southtown Ctr
Famous Footwear
7985 Southtown Ctr
Schuler Shoes
7993 Southtown Ctr
Target
2555 W 79th St
Shirts For Cause
7201 York Ave S
Caribou Coffee
7601 Penn Ave S
Caribou Coffee
7950 Penn Ave S
Starbucks
2555 W 79th St
Tii Cup
760 W 78th St
Jamba
7511 France Ave S
AMF Southtown Lanes
7941 Southtown Ctr
Lucky's 13 Pub
1800 American Blvd W
Cowboy Jack's
2801 Southtown Dr
Fireside Foundry
6736 Penn Ave S
Broadway Bar & Pizza
7514 Lyndale Ave S
Humanetics Corporation
7650 Edinborough Way
Williams-Sonoma
3512 Galleria
The Vitamin Shoppe
6996 France Ave S
Rustica Bakery & Cafe
200 Southdale Ctr
Untiedt's-Edina
100 Southdale Ctr
Donaldson Park
Adams Hill Park
Fremont Park
Edinborough Park
Reservoir Park
Caribou Coffee
7601 Penn Ave S
Bruegger's Bagels
7801 Southtown Ctr
Panda Express
7823 Southtown Ctr
Subway
7807 Southtown Ctr
Chick-fil-A
2500 W 79th St
Penn Ave S & 75th St W
Penn Ave S & 75th St W
Penn Ave S & 74th St W
Penn Ave S & 74th St W
76th St W & Oliver Av S
Mall of America Station
METRO Blue Line
Mall of America Crossing
METRO Blue Line
Mall of America Crossing
METRO Blue Line
30th Ave Station
METRO Blue Line
30th Ave Station
METRO Blue Line
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