Portland Terrace
7232 Portland Ave,
Richfield, MN 55423
$1,229 Total Monthly Price
1 Bed
Area Guide
Four neighborhoods filled with shops and parks compose the city of Richfield, Minneapolis's oldest suburb, which is located a couple of miles south of the city. This is one of the most popular neighborhoods in Richfield, housing nearly 8,000 residents. Single-family homes and an abundance of apartment rentals make this possible.
Besides containing several well-maintained parks and a selection of unique restaurants, Southeast Richfield enjoys prime access to Downtown Minneapolis via the nearby Interstate 35W. A three-minute drive on Interstate 494 also connects this neighborhood to the Mall of America in the suburb of Bloomington.
As of August 2026, the average apartment rent in Southeast Richfield is $943 for a studio, $1,045 for one bedroom, $1,319 for two bedrooms, and $1,514 for three bedrooms. Apartment rent in Southeast Richfield has increased by 0.5% in the past year.
Studio
314 sq ft
Average Sq Ft
$943/month
Average Rent
1 BR
667 sq ft
Average Sq Ft
$1,045/month
Average Rent
2 BR
844 sq ft
Average Sq Ft
$1,319/month
Average Rent
3 BR
684 sq ft
Average Sq Ft
$1,514/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Southeast Richfield - Richfield, MN is for everyday living.
Fairly Walkable
Walkability
Some Public Transit
Transit
Very Drivable
Drivability
Moderately Bikeable
Bikeability
Southeast Richfield - Richfield, MN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
Good Restaurant Variety Nearby
Restaurants
Fair Café Variety Nearby
Cafes
Good Variety of Shops Nearby
Shopping
Southeast Richfield - Richfield, MN provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
Limited Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Southeast Richfield - Richfield, MN from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Good Nightlife Variety Nearby
Nightlife
Moderately Noisy
Quiet Score
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.