Rentometer, Inc. | Data as of 10/22/2025
Richfield’s rental market blends suburban comfort with easy access to the vibrant Twin Cities, offering a diverse selection of apartments and single‑family homes for renters of all stages. Studio and one‑bedroom apartments typically fall within the $1300‑$1400 range, making them attractive options for young professionals and students seeking proximity to downtown Minneapolis and the Mall of America. Larger units, such as two‑ and three‑bedroom apartments, trend toward the $1900‑$2200 bracket, providing ample space for small families or roommates while still enjoying the city’s well‑maintained parks and community amenities.
For those who prefer the privacy of a house, Richfield delivers a solid variety of options. Two‑bedroom homes often rent in the $1900‑$2100 range, while three‑bedroom residences command prices around the $2400‑$2500 mark. Larger families looking for four‑plus bedroom houses can expect rental rates in the $2800‑$2900 spectrum. These homes are frequently situated near popular neighborhoods like Richfield Village and Lake Center, offering convenient access to the Richfield Community Center, local schools, and a network of bike trails that connect to the broader Minneapolis park system.
Beyond housing, Richfield’s appeal is bolstered by its blend of residential tranquility and urban conveniences. The city hosts a range of dining, shopping, and recreational options, including the nearby Minnesota Valley State Recreation Area and easy commuter routes via Highway 169 and the I‑35W corridor. Whether you’re seeking a modern apartment close to public transit or a spacious family home near green spaces, Richfield’s rental landscape provides a welcoming environment for a wide spectrum of renters.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,316 | $1,315 | $750 - $1,926 | $1,240 - $1,441 |
| Apartment | 1 Bedroom | $1,370 | $1,270 | $675 - $2,115 | $1,100 - $1,695 |
| Apartment | 2 Bedroom | $1,893 | $1,920 | $1,195 - $3,074 | $1,450 - $2,282 |
| Apartment | 3 Bedroom | $2,204 | $2,195 | $1,700 - $3,195 | $1,720 - $2,555 |
| House | 2 Bedroom | $1,945 | $1,922 | $1,200 - $2,800 | $1,680 - $2,395 |
| House | 3 Bedroom | $2,434 | $2,399 | $1,850 - $4,000 | $2,200 - $2,575 |
| House | 4+ Bedroom | $2,874 | $2,795 | $2,200 - $4,800 | $2,600 - $2,940 |
In the current period, the average rent in Richfield was $1,316 for Studio, $1,366 for 1 Bedroom, $1,899 for 2 Bedroom, $2,386 for 3 Bedroom, and $2,853 for 4+ Bedroom.
Data provided by Rentometer, Inc.