Cheap Apartments for Rent in the Southwest Richfield Neighborhood of Richfield, MN from $800 (71 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest Richfield area of Richfield.

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Pleasant Ave Apartments
1 Bedroom Apartments

Pleasant Ave Apartments

6401-6421 Pleasant AveRichfield, MN 55423
Senior Living
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JAMAR WEST
1 Bedroom Apartments

JAMAR WEST

7412 Oliver Ave SRichfield, MN 55423
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JAMAR WEST
1 Bedroom Apartments

JAMAR WEST

7428 Lyndale Ave SRichfield, MN 55423
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Eastfield
1 Bedroom Apartments

Eastfield

7137 Chicago Ave SRichfield, MN 55423
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6629 Queen
1 to 2 Bedroom Apartments

6629 Queen

6629 Queen Ave SRichfield, MN 55423
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1001/15 East 66th St.
1 Bedroom Apartments

1001/15 East 66th St.

1001-1015 E 66th StRichfield, MN 55423
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7501 Penn
1 Bedroom Apartments

7501 Penn

7501 Penn Ave SRichfield, MN 55423
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Virginian Apartment
1 Bedroom Apartments

Virginian Apartment

7700 12th AveRichfield, MN 55423
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Hub Apartments
1 Bedroom Apartments

Hub Apartments

200-212 W 65th StRichfield, MN 55423
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Lynwood Flats
2 Bedroom Apartments

Lynwood Flats

800-840 W 65th StRichfield, MN 55423
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Corinthian Apartments
1 to 2 Bedroom Apartments

Corinthian Apartments

631 E 77th StRichfield, MN 55423
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Pleasant Apartments
2 Bedroom Apartments

Pleasant Apartments

6313 Pleasant Ave SRichfield, MN 55423
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6715 Penn
2 Bedroom Apartments

6715 Penn

6715 Penn Ave SRichfield, MN 55423
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Penn Apartments
2 Bedroom Apartments

Penn Apartments

7420 Penn Ave SRichfield, MN 55423
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Kensington Park Condos
1 Bedroom Apartments

Kensington Park Condos

7610 Lyndale Ave SRichfield, MN 55423
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Oliver Apartments
2 Bedroom Apartments

Oliver Apartments

6416 Oliver Ave SRichfield, MN 55423
Showing Results 1-50, Page 1 of 2

Southwest Richfield, Richfield, MN Local Guide

Cheapest Neighborhoods for Apartments in Southwest Richfield, MN

Pricing Updated: 03/21/2025

Current apartment rentals in the Southwest Richfield, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Southwest Richfield Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Cheapest Available Southwest Richfield Apartments for Rent

 

The cheapest available apartment rental in the Southwest Richfield area of Minneapolis, MN is a Studio unit found at Richlyn Apartments priced from $987. Nicollet Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Southwest Richfield apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Richlyn Apartments0BR/1.0BAStudio,1BA$987
Nicollet Court1.1bed1BR,1BA$995
Penn Apartments1BR/1.0BA1BR,1BA$1,000
Lyndale Garden1 Bedroom1BR,1BA$1,025
Lyndale Plaza ApartmentsA1 Section 42 1 Bedroom1BR,1BA$1,030
Southdale Parc Apartments1 Bedroom B1BR,1BA$1,045
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1,095
Portland Terrace1 Bedroom1BR,1BA$1,110
Forty Forty Flats1 Bedroom (50H)1BR,1BA$1,120
Woodlake ParkLynwood1BR,1BA$1,125

Best Value Apartments for Rent in Southwest Richfield, MN

As of March 21, 2025 the best value apartment in the Southwest Richfield area is the $1.08 price per square foot 7538 4th Ave S Model at 7538 4th Ave S in the in the Southwest Richfield neighborhood starting from $2,699. The second greatest value Southwest Richfield apartment is the 2 Bedroom Model at York Plaza starting at $1,950 with a $1.50 price per square foot in the Armatage neighborhood. Here is today’s list of the best values for Southwest Richfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7538 4th Ave S7538 4th Ave S4BR,3BA$1.08
York Plaza2 Bedroom2BR,2BA$1.50
Windom GablesWindom (3bd/2ba) - 1250sqft3BR,2BA$1.48
Edina ParkLilac2BR,2BA$1.58
Southview Estates1 Bedroom1BR,1BA$1.56
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.29
4301 Valley View Rd2BR/2.0BA2BR,2BA$1.61
6715 Penn2BR/1.0BA2BR,1BA$1.59
City Limits ApartmentsHiawatha1BR,1BA$1.58
South PointeStarboard1BR,1BA$1.53

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Southwest Richfield, Richfield, MN

Ranked #1

Among neighborhoods in Richfield, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southwest Richfield, Richfield, MN

School data provided by Great Schools

Best Local Schools in
Southwest Richfield, Richfield, MN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Southwest Richfield, Richfield, and the greater Minneapolis-St. Paul area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, places to raise kids, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Southwest Richfield Neighborhood in Richfield, MN

Walk Score®

64 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Southwest Richfield Apartments

What is a cheap apartment in Southwest Richfield?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Richfield is under $1,125.

What is the price of a cheap apartment in Southwest Richfield?

The cheapest apartment in Southwest Richfield is Nicollet Court which is listed at $995, while the average apartment in Southwest Richfield costs $2,735.

What types of apartments are the cheapest in Southwest Richfield?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 84 regular apartments in Southwest Richfield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Southwest Richfield?

Cheap apartments in Southwest Richfield have an average cost of $226 which is $2,509 cheaper than the average rent for all rentals in Southwest Richfield.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.