How much is the average rent in Richfield, MN for 1-bedroom and 2-bedroom apartments?

Richfield's 2025 rental market shows one-bedroom apartments averaging around $1,200 per month, while two-bedroom units average around $1,800 monthly. These figures reflect current market conditions with one-bedrooms representing the majority of available inventory at 70% of listings.

When is the best time to look for an apartment in Richfield, MN?

May offers the lowest rental prices in Richfield, while January sees the highest rent with approximately a 14% difference between peak and off-peak pricing. November shows the least competition with reduced overall demand, while March emerges as the most competitive month for apartment hunting.

What are the best neighborhoods to rent an apartment in Richfield, MN?

Southwest Richfield and Northwest Richfield lead for renters seeking vibrant social environments, featuring high walk scores and well-developed street infrastructure. Northwest Richfield generates the highest consumer interest at 1.18 times more than market average, while Southwest Richfield follows closely with 1.15 times more interest and represents 61% of the city's rental market.

What areas of Richfield, MN are best for budget-conscious renters?

Southwest Richfield offers the most affordable options with median rent around $1,210, where some one-bedroom units rent for around $1,160 per month. Southeast Richfield provides another budget-friendly choice with median rent around $1,340, both areas significantly lower than Northwest Richfield's median of around $1,860.

Are there pet-friendly apartments in Richfield, MN?

Richfield welcomes pet owners with 49% of listings offering pet-friendly policies. All four neighborhoods including Southeast, Northeast, Northwest, and Southwest Richfield cater to four-legged residents with dedicated dog parks, pet waste stations, and specialized pet flooring in many units.

Are utilities usually included in rent in Richfield, MN?

Utilities are rarely included in Richfield rental properties, appearing in less than 1% of total listings. Two-bedroom apartments have the highest rate of utility inclusion at approximately 0.18% of listings, while one-bedroom units include utilities in only 0.03% of available properties.

Cheap Apartments for Rent in Richfield, MN

25 rentals available

5d+ ago

8.3

Very good

The Parkway Apartments

1501 S Ave, Edina, MN 55435

Affordable | On-site laundry | Assigned parking

Studio

1 bath

$825

Apartment for rent

Top amenities

On-Site Laundry

On-Site Management

Residents Lounge

William Milton Properties LLC - Photo 1 of 1

3D tour

5d+ ago

8.3

Very good

William Milton Properties LLC

7615 18th Ave S, Richfield, MN 55423

Affordable | On-site laundry | Central heat

1 bed

1 bath

$1,035

Apartment for rent

Top amenities

On-Site Laundry

2d ago

7.8

Very good

Cedar Commons Apartments

8600 8660/8 Old Cedar Ave S, Bloomington, MN 55425

Affordable

1–2 beds

1 bath

$1,060–$1,380

Apartment for rent

3D tour

1d ago

8.4

Very good

Virginian Apartments

7700 12th Ave S, Richfield, MN 55423

Affordable | On-site laundry | On-site management

1–2 beds

1 bath

$1,095–$1,395

Apartment for rent

Top amenities

Central Heat

On-Site Laundry

On-Site Management

Highly rated

4h ago

9.9

Excellent

Verified

AIRE MSP Apartments

3 Appletree Sq, Bloomington, MN 55425

Affordable | On-site laundry | Garage parking

Studio–2 beds

1–2 baths

$1,100–$2,140

Price drop

Apartment for rent

Top amenities

Furnished

Garage Parking

On-Site Laundry

Package Service

Residents Lounge

Swimming Pool

Call

South Pleasant Apartments - Photo 1 of 1

1d ago

7.1

Very good

South Pleasant Apartments

6321 6321 - 6329 Pleasant Ave S, Richfield, MN 55423

Affordable

2 beds

1 bath

$1,125–$1,300

Apartment for rent

Nearby rental good for eco-living

$2,695

Northwest Richfield

Nearby rental good for pet owners

$1,125–$1,300

6321 6321 - 6329 Pleasant Ave S

Age restricted

11h ago

8.9

Very good

Forty Forty Flats

4040 W 70th St, Edina, MN 55435

Affordable | On-site laundry | Garage parking

1–2 beds

1 bath

$1,184–$1,800

Apartment for rent

Top amenities

Air Conditioning

Dishwasher

EV Charging

On-Site Laundry

On-Site Management

Storage

Airbnb-friendly

3D tour

2d ago

9.9

Excellent

Verified

Concierge

7620 Penn Ave S, Richfield, MN 55423

Affordable | On-site laundry | Storage

1 bed

1 bath

$1,189–$1,509

Apartment for rent

Available Jun 20

Top amenities

Concierge Service

EV Charging

On-Site Laundry

Residents Lounge

Swimming Pool

Call

Rent an Airbnb‑friendly apartment.

Earn

extra money.

Airbnb-friendly apartments allow residents to earn extra money from hosting on Airbnb part-time.
Learn more on Airbnb

5d+ ago

8.3

Very good

Fremont Court Apartments

8300 Fremont Ave S, Bloomington, MN 55420

Affordable

1 bed

1 bath

$1,195–$1,295

Price drop

Apartment for rent

1d ago

8.2

Very good

Portland Terrace

7232 Portland Ave, Richfield, MN 55423

Affordable | On-site laundry | Storage

1 bed

1 bath

$1,225

Apartment for rent

Top amenities

Air Conditioning

Carpet

On-Site Laundry

On-Site Management

Storage

Find sweet deals near Richfield

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$1,260

Southwest Richfield

$2,058–$2,893

Edina

$1,381–$5,391

South Loop

$1,432–$2,348

South Loop

Highly rated

19h ago

8.5

Very good

The Knox Apartments

1801 American Blvd W, Bloomington, MN 55431

Affordable | In-unit laundry | On-site management

Studio–1 bed

1 bath

$1,295–$1,715

Price drop

Apartment for rent

Top amenities

Carpet

EV Charging

Fitness Center

In-Unit Laundry

On-Site Management

5d+ ago

Cheap Wenonah apartment for rent in Minneapolis

$1,325 - 2 Bedroom 1 Bathroom Apartment In Minneapolis With Great Amenities

5749 33rd Ave S #3, Minneapolis, MN 55417

Affordable | On-site laundry | Assigned parking

2 beds

1 bath

$1,325

Apartment for rent

Available Apr 1

Top amenities

Assigned Parking

On-Site Laundry

Rent special

20h ago

9.6

Excellent

Verified

Carbon31

8100 31st Ave S, Bloomington, MN 55425

Affordable | In-unit laundry | Dishwasher

Studio–2 beds

1–2 baths

$1,360–$9,006

Price drop

Apartment for rent

Top amenities

Air Conditioning

Business Center

Ceiling Fan

Fitness Center

In-Unit Laundry

Residents Lounge

Call

5749 33rd Ave S Apt 2 #Apt 2 - Photo 1 of 1

5d+ ago

Verified

5749 33rd Ave S Apt 2 #Apt 2, Minneapolis, MN 55417

Affordable | On-site laundry | Storage

2 beds

1 bath

$1,375

Apartment for rent

Top amenities

Central Heat

On-Site Laundry

Ardor on the Bluffs South Loop Residences - Photo 1 of 1

Highly rated

Rent special

11h ago

9.6

Excellent

Verified

Ardor on the Bluffs South Loop Residences

3701 American Blvd E, Bloomington, MN 55425

Affordable | On-site laundry | Garage parking

Studio–2 beds

1–2 baths

$1,395–$4,314

Apartment for rent

Top amenities

Business Center

Fireplace

On-Site Laundry

Package Service

Residents Lounge

Swimming Pool

Call

10000 Morgan Ave Apartments - Photo 1 of 1

3D tour

1d ago

8.3

Very good

10000 Morgan Ave Apartments

10000 Morgan Cir S, Minneapolis, MN 55431

Affordable | On-site laundry | Dishwasher

2 beds

1 bath

$1,410

Apartment for rent

Top amenities

Air Conditioning

Central Heat

On-Site Laundry

Highly rated

Rent special

7h ago

9.6

Excellent

Verified

The Fenley

8051 33rd Ave S, Bloomington, MN 55425

Affordable | In-unit laundry | Garage parking

1–3 beds

1–2 baths

$1,432–$5,021

Price drop

Apartment for rent

Top amenities

Fitness Center

Garage Parking

On-Site Management

Residents Lounge

Roof Deck

Swimming Pool

Call

13h ago

9.6

Excellent

Verified

Durham

7201 York Ave S, Edina, MN 55435

Affordable | On-site laundry | Garage parking

1–3 beds

1–3 baths

$1,640–$3,814

Price drop

Apartment for rent

Top amenities

Controlled Access

Garage Parking

On-Site Laundry

Storage

Swimming Pool

Call

Gateway Edina Luxury Apartment Homes - Photo 1 of 1

1d ago

8.1

Very good

Gateway Edina Luxury Apartment Homes

4910 77th St W, Edina, MN 55435

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$1,843–$2,499

Apartment for rent

Top amenities

Dishwasher

Elevator

Garage Parking

In-Unit Laundry

Microwave

3d ago

Verified

5724 24th Ave S Minneapolis, MN 55417

5724 24th Ave S, Minneapolis, MN 55417

Affordable | Garage parking | Hardwood floor

3 beds

1 bath

$2,385

$2,325

Price drop

House for rent

Available May 19

2d ago

Verified

5613 27th Ave S Minneapolis, MN 55417

5613 27th Ave S, Minneapolis, MN 55417

Affordable | Garage parking | Hardwood floor

3 beds

2 baths

$2,349

House for rent

Available May 29

2d ago

Cheap Wenonah apartment for rent in Minneapolis

5406 Nokomis Ave, Minneapolis, MN 55417

Affordable | In-unit laundry | Assigned parking

3 beds

2 baths

$2,450

Apartment for rent

Top amenities

In-Unit Laundry

On-Site Laundry

3d ago

Verified

7228 Harriet Ave Richfield, MN 55423

7228 Harriet Ave, Richfield, MN 55423

Affordable | Garage parking | Deck

3 beds

2 baths

$2,525

House for rent

Available May 11

5d+ ago

Verified

6318 Humboldt Ave S Richfield, MN 55423

6318 Humboldt Ave S, Richfield, MN 55423

Affordable | Garage parking | Hardwood floor

4 beds

2.5 baths

$2,695

House for rent

Available May 26

Top amenities

Garage Parking

5d+ ago

Verified

6828 Russell Ave S Richfield, MN 55423

6828 Russell Ave S, Richfield, MN 55423

Affordable | Garage parking | Hardwood floor

5 beds

2 baths

$3,095

House for rent

Available Jun 24

Showing 1 - 25 of 25 results

Home > Apartments in Richfield > Richfield Cheap Apartments For Rent

Updated: June 20, 2026

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