Concierge
7620 Penn Ave S,
Richfield, MN 55423
$1,140 - $1,596 Total Monthly Price
1-2 Beds
Southwest Richfield is a sprawling part of the city that’s characterized by a variety of well-known big-box stores and casual dining options. Residents have access to abundant retail therapy, as well as a half of the vast Wood Lake Nature Center. Southwest Richfield features a family-friendly atmosphere, good schools, and apartments, houses, and condos available for rent from mid-range to upscale. Located just five minutes from the Mall of America, the neighborhood sits along Interstate 494, with Interstate 35 West traveling directly through town. Residents have easy access to the cities of Bloomington and Edina, and Minneapolis is about eight miles north, with the Minneapolis-Saint Paul International Airport just six miles east.
As of March 2026, the average apartment rent in Southwest Richfield is $920 for a studio, $1,119 for one bedroom, $1,508 for two bedrooms, and $1,508 for three bedrooms. Apartment rent in Southwest Richfield has decreased by -4.7% in the past year.
Studio
590 sq ft
Average Sq Ft
$920/month
Average Rent
1 BR
636 sq ft
Average Sq Ft
$1,119/month
Average Rent
2 BR
920 sq ft
Average Sq Ft
$1,508/month
Average Rent
3 BR
1,077 sq ft
Average Sq Ft
$1,508/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Southwest Richfield - Richfield, MN is for everyday living.
Fairly walkable
Walkability
Limited public transit
Transit
Exceptionally drivable
Drivability
Fairly bikeable
Bikeability
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† 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 February 2026.