Average Rent in Richfield, MN and Rent Price Trends

Rent trends in Richfield, MN

Average rent prices in Richfield have decreased by 4% over the last month and have increased by 21% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Richfield, MN

Rent prices in Richfield vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Richfield is $1,595, whereas a house costs $2,372. 1-bedroom apartments in Richfield run $1,439 on average, while 2-bedroom apartments are $2,014.


Studio	$1,475	No Change	89%
1 bedroom	$1,388	No Change	23%
2 bedroom	$2,075	No Change	24%
3 bedroom	$2,813	5%	18%
4 bedroom	$2,695	1%	8%

		Listings
Minneapolis St Paul International Airport	$1,395
Northeast Richfield	$1,641
Northwest Richfield	$1,838
Southeast Richfield	$1,400
Southwest Richfield	$1,597


Apartments	$1,595	2%	No Change
Condos	$1,247	7%	-
Houses	$2,372	No Change	No Change

Studio

Average rent

$1,475

Last 30 days

No Change

Last year

89%

1 bedroom

Average rent

$1,388

Last 30 days

No Change

Last year

23%

2 bedroom

Average rent

$2,075

Last 30 days

No Change

Last year

24%

3 bedroom

Average rent

$2,813

Last 30 days

Last year

18%

4 bedroom

Average rent

$2,695

Last 30 days

Last year

The table above reflects average rent prices in Richfield, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Richfield, MN compare to other cities?

Compare median rent prices in Richfield and Apple Valley by all bedroom counts and property types.

Richfield

Median rent price$1,667

15%

lower than the national median

Median rent price$1,850

lower than the national median

Takeaway

The median rent for all rentals in Richfield, MN is 10% lower than the median rent in Apple Valley, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,850

$1,675

$1,485

$2,275

$1,287

$1,962

$1,295

$1,504

$1,647

$1,740

$1,570

$2,495

Discover rentals in Richfield, MN

4d ago

Northeast Richfield house for rent in Richfield

Spacious and well-maintained 3 bedroom, 2 bath split level home with attached garage!

6625 11th Ave S, Richfield, MN 55423

3 beds

2 baths

$2,350

$1,050

Price drop

House for rent

Available Jun 1

South Pleasant Apartments - Photo 1 of 1

5d+ ago

7.1

Very good

South Pleasant Apartments

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

2 beds

1 bath

$1,125–$1,300

Apartment for rent

5d+ ago

Verified

6318 Humboldt Ave S Richfield, MN 55423

6318 Humboldt Ave S, Richfield, MN 55423

4 beds

2.5 baths

$2,695

House for rent

Available May 26

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Frequently asked questions for Richfield, MN

Quick answers to common questions about the Richfield rental market.

How much is rent in Richfield?

The average rent in Richfield is $1,667 per month as of May 30, 2026.

Is rent up or down in Richfield?

Average rent prices in Richfield have decreased by 4% over the last month and have increased by 21% since last year.

How does Richfield rent compare to the national average?

Rent in Richfield is 15% below the national average, which means renters are paying approximately $283 less per month.

Which neighborhoods are most affordable in Richfield?

The most affordable neighborhoods in Richfield are Minneapolis St Paul International Airport ($1,395/mo), Southeast Richfield ($1,400/mo), and Southwest Richfield ($1,597/mo).

What salary do I need to afford rent in Richfield?

To comfortably afford rent in Richfield, you'd need to earn approximately $67,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Richfield?

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.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).