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Apartments for Rent in Richfield, MN - 138 Rentals available

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Frequently Asked Questions

When were prices and availability in Richfield, MN last updated?

Prices and availability in Richfield, MN were last updated on 26 Feb 2021.

What are the best apartments in Richfield, MN?

The best apartments in Richfield, MN are: Corinthian Apartments, Richfield Square Apartments, South Pleasant Apartments, Chamberlain and Seasons Park Apartments.

What is the average rent in Richfield, MN?

The average rent in Richfield, MN is $1,091. Start your search for apartments in Richfield, MN now.

What is the price range for a studio apartment in Richfield, MN?

The price range for a studio apartment in Richfield, MN is between $926 and $2,000. View all studio apartments in Richfield, MN.

What is the price range for a 1-bedroom apartment in Richfield, MN?

The price range for a 1-bedroom apartment in Richfield, MN is between $825 and $1,695. Browse all available 1-bedroom apartments in Richfield, MN now.

What is the price range for a 2-bedroom apartment in Richfield, MN?

The price range for a 2-bedroom apartment in Richfield, MN is between $1,785 and $2,000. Browse and find a 2-bedroom apartment in Richfield, MN.

What is the price range for a 3-bedroom apartment in Richfield, MN?

The price range for a 3-bedroom apartment in Richfield, MN is between $926 and $2,000. Browse all available 3-bedroom apartments in Richfield, MN.

Renter’s Guide to Richfield, MN

Take a 15 minute drive south of Minneapolis along I-35W S (approximately 8 miles) and you’ll find the city of Richfield (a suburb of Minneapolis) in Hennepin County.

Founded in 1859 as a small farming community, the city was named after the fertile farmland and incorporated in 1908. After World War 2, the population of Richfield exploded dramatically as many moved here for its easy commute into the Twin Cities where there were more economic opportunities.

True to its name, the weather in Richfield is more comfortable than most places in Minnesota with June, July, and August being the most pleasant. The city averages 32 inches of rain per year, lower than the U.S. average of 38 but gets significantly more snow at 53 inches per year compared to the national average of just 28. Temperatures reach a summer high of 84F in July and a winter low of just 7F in January. Richfield residents enjoy 199 days of sunshine per year which is lower than the U.S. average of 205.

Richfield, MN Demographics

  • Total Population36,063
  • Female 18,116
    Male 17,947
  • Median Age35.7

Cost of Living in Richfield, MN

One important benefit of living in a suburb is to enjoy a lower cost of living while still having convenient access to the amenities of a “big city”. The cost of living in Richfield is significantly lower than what you would find in the nearby Twin Cities.

For a modest sized apartment, you can expect to pay just $115 per month for your utilities and $65 for your internet connection depending on what speed and bandwidth options you select.

The public transit system in Richfield is operated by Metro Transit and while there are no monthly bus passes, rides start at an affordable $2 per trip with reduced fares of just $1 per trip for seniors, youths, Medicare card holders, or those with disabilities.

Many Richfield residents will go into Minneapolis or St. Paul for nights out but if you stay in Richfield, expect to spend just $40 for a dinner for two at a mid-range restaurant before factoring in drinks. After all that eating, you’ll need to burn off those calories. Luckily, gym memberships are affordable in Richfield with the average gym charging just $32 per month.

Average Rent in Richfield, MN

  • Richfield, MN Average Rental Price, February 2021 $1,091 /mo

Richfield, MN Apartment Rent Ranges

  • $701-$1,00033%
  • $1,001-$1,50059%
  • $1,501-$2,0007%

Richfield, MN Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Feb / 2021
Richfield, MN $1,044 $1,043 $1,086 $1,093 $1,099 $1,120 $1,143 $1,143 $1,091
National $1,381 $1,418 $1,428 $1,432 $1,468 $1,475 $1,477 $1,464 $1,462

Living in Richfield, MN

Like most suburbs in the United States, Richfield is home to many young families with the average age of residents sitting at a spritely 36.7 years old.

And while many people commute into Minneapolis or the Twin Cities for work, you’ll be happy to learn that the average commute time for Richfield residents is just 21.5 minutes compared to a US average of 26.4 minutes. For this commute, roughly 74.2% of residents drive alone, 10.5% carpool and 7.2% take transit.

Things to Do in Richfield, MN

With such close proximity to Minneapolis and St. Paul just a 24 minute drive away (roughly 19 miles), many residents head into the “big cities” to work and play. That said, there are plenty of fun things to do in Richfield for those who want to stay closer to home.

For all your shopping needs, there’s the Mall of America located in Bloomington just south of Richfield. Here you will find over 520 shops with everything you could possibly need from tech to toys and food to fashion. Notable stores include Nordstrom and Popeyes Louisiana Kitchen. Also in the mall is the Sea Life Minnesota Aquarium and the Void VR which are great places to spend time with family in Richfield.

While we’re on the topic of family-friendly activities in Richfield, there’s also the Nickelodeon Universe right next to the Mall of America. Take your kids here to meet Nickelodeon’s most famous characters from Spongebob to Dora the Explorer and enjoy over 27 thrilling rides.

For the more adventurous outdoor types, there’s the Wood Lake Nature Center with various programs and events throughout the year from environmental education to wildlife observation. Spread over 150 acres, you’ll find cross-country ski trails, limestone walking trails, and different habitats to explore: a cattail marsh, mixed lowlands, forest, and restored prairie land.

Employment & Economy in Richfield, MN

Even though Richfield is located near the economic powerhouses of Saint Paul and Minneapolis, the employment and economy in Richfield is strong and diverse in its own right.

The 3 top employers in Richfield, MN are Best Buy which employs 4500 people, US Bank employing 2400 and Richfield Public Schools employing 682.

With a median income of $59,884 per year, roughly 15.6% of residents work in healthcare and social assistance, 11.7% in retail trade, and 11.1% in accommodation and food services.

Richfield, MN Households

  • Total Number of Households15,180
  • Family 8,295
    Non-family 6,885
  • Children 3,870
    No Children 11,310
  • Average People Per Household2.35
  • Median Household Income$66,908
  • Median Housing Costs Per Month$1,168

Education in Richfield, MN

True to its family-friendly reputation, the school system in Richfield is strong.

The top private school in Richfield is the Academy of Holy Angels. Serving 670 students from Grades 9 to 12, it is considered the 13th best private high school in Minnesota. Known for its extra-curricular activities, 92% of students participate in activities outside of school such as the Knowledge Bowl, Math Stars, and various robotics and theatre programs.

The top elementary school in Richfield is Sheridan Hills Elementary School serving students from Pre-Kindergarten to Grade 5.

For older students, the top high school in Richfield is Richfield Senior High. Known for its 81% graduation rate, the school is the best in Richfield.

The top university in the Richfield area is the University of Minnesota with campuses in nearby Minneapolis and St. Paul. This university is widely referred to as a “public ivy” university offering education on par with the much lauded Ivy League schools. Researchers, alumni, and faculty have collectively won 30 Nobel Prizes and 3 Pulitzer prizes over the years.

Richfield, MN Education Statistics

  • No High School4%
  • Some High School24%
  • Some College24%
  • Associate Degree8%
  • Bachelor Degree27%
  • Graduate Degree12%

Tips for Renting in Richfield, MN

One of the biggest tips for those moving to Richfield is to choose a neighborhood that matches your lifestyle needs. In Richfield, there are 13 neighborhoods to choose from.

Another important tip is to know your renter’s rights in Richfield. The city of Richfield website has a lot of good information on the city’s Tenant Protection Ordinance. If you have further questions or need help with tenant-landlord disputes, HomeLine is a non-profit tenant advocacy organization that can help. They have a free legal help hotline available in English and Spanish.

RENTCafé is your one-stop shop for finding a great new apartment in Richfield, MN. Easily search through a wide selection of apartments for rent in Richfield, MN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Richfield, MN apartments with rents starting from $825 and submit your rental application today!

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