Apartments for Rent in Richfield, MN

Prices and availability in Richfield, MN were last updated on 14 Sep 2026.

The best apartments in Richfield, MN are: Corinthian Apartments, Richfield Square Apartments, Rya Apartments, Richlyn and Landsby on Penn.

The average rent in Richfield, MN is $1,340.

The price range for a studio apartment in Richfield, MN is between $1,131 and $1,841.

The price range for a 1-bedroom apartment in Richfield, MN is between $1,130 and $2,111.

The price range for a 2-bedroom apartment in Richfield, MN is between $1,130 and $2,912.

The price range for a 3-bedroom apartment in Richfield, MN is between $1,354 and $4,286.

In Richfield, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 39% of Richfield's rentals, 50% are small-scale complexes with under 50 units, and 11% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Richfield are about 40 years old, on average. Of these, 34% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 93% of the rental communities here are low-rise, garden-style communities, 16% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Richfield come in a range of sizes and floorplans. Studio apartments represent 7% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 62% of the total apartments in the city, while 2-bedroom floorplans represent around 28% of all rentals in Richfield. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.