What is the average apartment size in Richfield?

The average size for a Richfield, MN apartment is 740 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Richfield?

As of Oct / 2025, the average rent in Richfield is $1,406 per month, a 4.54% increase from last year’s average of $1,345.

How much does rent cost by apartment size in Richfield?

In Richfield, studios rent for $1,247 per month, one-bedroom units average $1,238 per month, two-bedrooms cost around $1,854 per month, and three-bedroom apartments rent for about $2,119 per month

What is the average apartment size in Richfield?

The typical apartment in Richfield offers about 740 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Richfield?

Studio apartments in Richfield average 488 sq. ft., one-bedrooms offer 649 sq. ft., two-bedrooms are about 1,024 sq. ft., and three-bedroom apartments average 1,279 sq. ft.

Richfield, MN Rental Market Trends

Q: What's the typical rent budget in Richfield?

The typical rent budget in Richfield ranges from $1,001 to $1,500 per month, with 53% of rentals in this range.

Q: Do most people rent or own in Richfield?

In Richfield, 38% of households rent while 62% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Richfield is $1,406, a 4.54% increase compared to the previous year, when the average rent was $1,345.

Studio Apartments at $1,247 offer the most budget-friendly option with 488 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 649 square feet for $1,238, balancing privacy and affordability.

Two-beedroom units at $1,854 offer 1,024 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,279 sq ft) for $2,119, suitable for larger households.

Average rent in Richfield, MN

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,406	740 sq. ft.
Studio	$1,247	488 sq. ft.
1 Bed	$1,238	649 sq. ft.
2 Beds	$1,854	1,024 sq. ft.
3 Beds	$2,119	1,279 sq. ft.

Richfield, MN rent trends

Rental prices in Richfield, MN have increased by 4.54% over the past year. The average rent moved from $1,345 to $1,406.

What's the typical rent budget in Richfield, MN?

The largest share of rentals in Richfield, MN (53%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Richfield, MN?

6,092 or 38% of the households in Richfield, MN are renter-occupied while 10,129 or 62% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Richfield Compares to Other Cities

City	Average Rent
Richfield	$1,406
Minneapolis	$1,674
St. Paul	$1,512
Moorhead	$1,074
Rochester	$1,651
Bloomington	$1,652
St. Cloud	$1,155
Mankato	$1,392
St. Louis Park	$1,780
Edina	$1,841
Minnetonka	$1,923
Plymouth, MN	$1,685
Burnsville	$1,569
Eagan	$1,693
Eden Prairie	$1,765
Roseville	$1,443
Maplewood	$1,456
Hopkins, MN	$1,575
Shakopee	$1,698
West St. Paul	$1,319
Brooklyn Park, MN	$1,335

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Richfield apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.