Average Rent in Richfield, MN and Rent Price Trends

Rent trends in Richfield, MN

Average rent prices in Richfield have increased by 6% over the last month and have increased by 57% 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 $2,575. 1-bedroom apartments in Richfield run $1,350 on average, while 2-bedroom apartments are $2,034.


Studio	$1,405	3%	31%
1 bedroom	$1,375	2%	17%
2 bedroom	$2,034	3%	14%
3 bedroom	$2,450	2%	19%
4 bedroom	$2,647	6%	6%

		Listings
Minneapolis St Paul International Airport	$1,504
Northeast Richfield	$1,933
Northwest Richfield	$1,895
Southeast Richfield	$1,672
Southwest Richfield	$1,427


Apartments	$1,595	No Change	No Change
Condos	$1,474	2%	No Change
Houses	$2,575	4%	No Change

Studio

Average rent

$1,405

Last 30 days

Last year

31%

1 bedroom

Average rent

$1,375

Last 30 days

Last year

17%

2 bedroom

Average rent

$2,034

Last 30 days

Last year

14%

3 bedroom

Average rent

$2,450

Last 30 days

Last year

19%

4 bedroom

Average rent

$2,647

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$1,905

Equal to the the national median

Median rent price$1,850

lower than the national median

Takeaway

The median rent for all rentals in Richfield, MN is 3% higher than the median rent in Apple Valley, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,850

$1,642

$1,387

$2,435

$1,224

$2,165

$1,418

$1,597

$1,728

$1,764

$1,620

$2,399

Discover rentals in Richfield, MN

South Pleasant Apartments - Photo 1 of 1

1d ago

7.2

Very good

South Pleasant Apartments

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

2 beds

1 bath

$1,125–$1,250

Apartment for rent

7700 Bloomington Ave South - Photo 1 of 1

5d+ ago

8.4

Very good

7700 Bloomington Ave South

7700 Bloomington Ave, Richfield, MN 55423

2 beds

1 bath

$1,249

Apartment for rent

5d+ ago

Southwest Richfield apartment for rent in Richfield

7500 Oliver Ave S #6, Richfield, MN 55423

2 beds

1 bath

$1,260

Apartment for rent

Available Jan 9

2d ago

Northwest Richfield condo for rent in Richfield

Beautiful wood work makes this house extra special And Brand new remodeled kitchen and bathroom

6336 Nicollet Ave #1, Richfield, MN 55423

3 beds

1 bath

$2,100

$1,300

Price drop

Condo for rent

Available Sep 1

5d+ ago

8.2

Very good

6715 Penn Ave S

6715 Penn Ave S, Richfield, MN 55423

2 beds

1 bath

$1,350

Apartment for rent

5d+ ago

Southeast Richfield house for rent in Richfield

7215 12th Ave S, Richfield, MN 55423

3 beds

1 bath

$2,095

House for rent

4d ago

Northeast Richfield apartment for rent in Richfield

$2,300 - 3 Bedroom 1 Bathroom House In Richfield With Great Amenities

6400 1st Ave S #NA, Richfield, MN 55423

3 beds

1 bath

$2,300

Apartment for rent

Available Aug 31

2d ago

Verified

7520 4th Ave S Richfield, MN 55423

7520 4th Ave S, Richfield, MN 55423

3 beds

1 bath

$2,580

$2,390

Price drop

House for rent

Available Aug 19

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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 $1,905 per month as of August 29, 2026.

Is rent up or down in Richfield?

Average rent prices in Richfield have increased by 6% over the last month and have increased by 57% since last year.

How does Richfield rent compare to the national average?

Rent in Richfield is roughly the same as the national average.

Which neighborhoods are most affordable in Richfield?

The most affordable neighborhoods in Richfield are Southwest Richfield ($1,427/mo), Minneapolis St Paul International Airport ($1,504/mo), and Southeast Richfield ($1,672/mo).

What salary do I need to afford rent in Richfield?

To comfortably afford rent in Richfield, you'd need to earn approximately $76,000/year, based on spending no more than 30% of your income on rent.

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

May offers the lowest rents in Richfield, running about 14% cheaper than January, which sees the highest prices. March tends to be the most competitive month with higher demand.

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).