Apartments for Rent in Richfield, MN
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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 20 May 2022.

What are the best apartments in Richfield, MN?

The best apartments in Richfield, MN are: South Pleasant Apartments, Rya at RF64, Landsby on Penn, Richfield Square Apartments and Corinthian Apartments.

What is the average rent in Richfield, MN?

The average rent in Richfield, MN is $1,171. 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 $1,225 and $1,567. 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 $985 and $2,109. 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 $989 and $3,354. 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 $2,750 and $3,995. 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

Richfield, MN has a population of 36,063 according to the most recent data from the U.S. Census Bureau. 17,947 of Minneapolis’s residents are women and 18,116 are men. The median age of those who live in Richfield, MN is 35.7.

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, April 2022 $1,171 ^/mo

The average monthly rent of apartments in Richfield, MN is $1,171.

Richfield, MN Apartment Rent Ranges

About 7% of apartment rents in Richfield, MN range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 1% of apartments. Around 69% of Minneapolis’s apartments are in the $1,001-$1,500 price range. 23% of apartments are priced between $701-$1,000.

Richfield, MN Rent Trends

Average Rent	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Nov / 2020	Mar / 2021	Jul / 2021	Nov / 2021	Apr / 2022
Richfield, MN	$1,093	$1,099	$1,120	$1,143	$1,143	$1,091	$1,115	$1,146	$1,149	$1,171
National	$1,367	$1,399	$1,407	$1,409	$1,399	$1,403	$1,412	$1,495	$1,591	$1,628

Compared to the national average rent of $1,628, the average rent in Richfield, MN is $1,171.

Check out the average rent prices in Richfield by neighborhood.

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.

Richfield, MN employment & economy

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

According to U.S. Census data, there are 15,180 households in Richfield, MN. 8,295 are family households and 6,885 are non-family households. There are 3,870 households with children in Minneapolis and 11,310 households without children. On average, about 2.35 people live in a household in Richfield, MN. The median income of a Minneapolis household living in Minneapolis is $66,908 per year. The median housing costs per month are $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

The level of education of the population of Richfield, MN is as follows: 4% have no high school education, 24% completed some high school, 24% partially completed college, 8% have an Associate Degree, 27% have a Bachelor Degree, and 12% have a Graduate Degree.

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.

Most Expensive Rental
Landsby on Penn $1,423 - $3,995
Least Expensive Rental
Southdale Parc $980 - $1,110

RentCafe 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 $460 and submit your rental application today!

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Apartments for Rent in Richfield, MN 50 Rentals Available

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