11 Hours Ago
Highlights
- On-site laundry
- Well maintained building
- Spacious living room, kitchen
Location
7427 Penn Ave S, Richfield, MN 55423, USA|Southwest Richfield
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Property Overview
BestPenn Apartments is a well-maintained property featuring spacious living rooms and kitchens, along with on-site laundry. With a Zumper expert rating of 8.4, it excels in price, amenities, location, and quality, offering excellent value and convenience. Additionally, its proximity to top-rated schools and facilities catering to remote work further enhances its appeal for renters seeking a supportive living environment.
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.
Things you’ll love
Elementary school nearby- High school nearby
- Less expensive
Great for
Work-from-home
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 1,100 sqft | $999 /mo | 1 unit available | Your Home, Our Priority! Discover comfort, convenience, and exceptional value in our 1-bedroom apartments at BestPenn Apartments. Ideally located at 74th Street and Penn Avenue South, you are just steps from shopping, popular dining spots, gyms, and the bus line. Enjoy quick freeway access to Downtown Minneapolis, Edina, Bloomington, and the Mall of America. Residents enjoy: Friendly and responsive staff 24-hour maintenance service Flexible rental agreements Most utilities included (except electric) On-site laundry facilities Convenient online portal for rent payments and maintenance requests Life at BestPenn Apartments is designed to be simple and stress-free. Schedule a personal tour today and see why BestPenn Apartments is the perfect place to call home! Utilities Included in Rent Gas Water Sewer Garbage/Recycling Utilities Paid by Resident Electric Wifi/Internet Lease Options 12-Month Lease Month-to-Month Lease (+$100 monthly fee) Rental criteria can be found here: srmprop. com apply-now | |
| 3BR/1.0BA | 3 bed | 1 bath | 1,100 sqft | $1,570 /mo | 1 unit available | Beautiful 3 bd 1 ba apartment available for March! Monthly rent= $1,475 |
Let's explore this property.
Amenities for BestPenn Apartments
Apartment Amenities
| Central Heat | Heating |
| Trash | Utilities Included |
| Water |
Appliances
| Range | Refrigerator |
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 | 21 |
|---|
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About BestPenn Apartments
Beautiful 3 bd 1 ba apartment available for March! Monthly rent= $1,475
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.
8.4
/10
Very GoodWith a solid 8.4 out of 10 overall, BestPenn Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, BestPenn Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A 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.
Scoring a 8/10, BestPenn Apartments is a great option for renters looking for apartments in Southwest Richfield. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A 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.
BestPenn Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including trash. Renters looking for popular or luxurious features will find them here—and for that reason, BestPenn Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
BestPenn 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 BestPenn 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.
BestPenn Apartments is great 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 BestPenn Apartments 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
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- More space
- The 1-bedroom is 430 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.0 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
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 here are priced 18% lower than 1-bedrooms in Southwest Richfield.
3-bedroom apartments at BestPenn Apartments cost about 11% less than the average rent price for 3-bedroom apartments in Southwest Richfield.
Median rents as of Mar 14 2026.
Southwest Richfield
Richfield
| Month | Median Rent |
|---|---|
| March 2024 | $1,695 |
| 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 | $1,000 |
| 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 | $1,222 |
Affordability calculator
Can I afford to live at 7427 Penn Ave S?
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
$39,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,960 annually to afford this 1-bedroom monthly rent price of $999.
For more information on rent affordability, visit our rent calculator.
Schools near BestPenn Apartments
Central Education Center: Preschool
7145 harriet ave s
richfield, MN, 55423
PKPublic
Central Education Center: ECSE
7145 harriet ave s
richfield, MN, 55423
PKPublic
New Code Academy Elementary
1350 west 106th street
bloomington, MN, 55431
K-5Public
B-
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 BestPenn Apartments
Getting around Richfield near 7427 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 7427 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 7427 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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