Long-term Rental Rates — August 2026 · ZIPs: 55423
Local market data by Estaite
As of August 2026, rental prices in Richfield, MN range from $1,157 to $3,060 per month depending on property type and bedroom count.
The most notable year-over-year change was the 22.74% decline in 2BR apartment rents in Richfield, MN.
For 2-bedroom units, single-family homes have a median rent of $2,085 compared to apartments at $1,439.
What is the typical rent range in Richfield, MN for August 2026?
As of August 2026, rents in Richfield, MN span from $1,157 for a 1-bedroom apartment to $3,060 for a 4-bedroom condo/townhome.
How do apartment rents compare to single-family homes for the same bedroom count in Richfield, MN?
For 2BR units in August 2026, single-family homes rent for $2,085, which is $646 more than apartments at $1,439.
What is the lowest rent available among all property types and bedrooms in Richfield, MN?
The most affordable option is a 1-bedroom apartment at $1,157 per month as of August 2026.
Which rental segment stands out with an unusual number in Richfield, MN's August 2026 report?
2-bedroom apartments experienced a significant year-over-year decline of 22.74%, dropping to $1,439 per month.
Richfield, MN
August 2026
55423
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,107 – $1,199
-4.99%
-21.95%
2-Bedroom
$1,341 – $1,453
-9.98%
-25.00%
3-Bedroom
$2,423 – $2,547
-1.04%
0.13%
4-Bedroom
$2,934 – $3,064
0.92%
2.34%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,553 – $1,633
7.00%
2.51%
2-Bedroom
$1,973 – $2,103
5.04%
3.14%
3-Bedroom
$2,624 – $2,786
4.42%
0.04%
4-Bedroom
$2,994 – $3,152
0.89%
2.41%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,585 – $1,666
-7.23%
-2.56%
2-Bedroom
$2,019 – $2,152
11.74%
4.69%
3-Bedroom
$2,416 – $2,576
-1.30%
-4.70%
4-Bedroom
$2,605 – $2,822
1.42%
-6.27%
Data updated: September 24, 2026
Richfield Rental Trends
In the Richfield (55423) rental market, 1-bedroom apartments declined significantly, falling 21.69% YoY to a median rent of $1,157. The month-over-month change was also negative at -4.68%, marking this as the weakest-performing major segment for the period.
Among property types, single-family 2-bedroom homes in Richfield (55423) saw rents rise 11.74% MoM to $2,085. These homes currently lead 2BR apartments by $646 and edge out 2BR condos by $47, indicating a notable premium remains for detached living space.
Analysts will note that Richfield (55423) rental trends point to 3-bedroom condos at $2,705, supported by a 4.42% monthly gain. In contrast, 3BR apartments managed just a 0.26% rise, reinforcing stronger momentum for larger condo units versus apartments this cycle.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,153
$1,397
$2,485
$2,975
July 2026
$1,213
$1,552
$2,511
$2,948
June 2026
$1,191
$1,935
$2,501
$2,927
May 2026
$1,189
$1,541
$2,481
$2,899
April 2026
$1,265
$1,898
$2,410
$2,911
March 2026
$1,439
$1,934
$2,476
$2,897
February 2026
$1,440
$1,848
$2,498
$2,922
January 2026
$1,496
$1,875
$2,516
$2,950
December 2025
$1,510
$1,900
$2,537
$2,971
November 2025
$1,517
$1,911
$2,541
$2,975
October 2025
$1,507
$1,900
$2,527
$2,959
September 2025
$1,493
$1,883
$2,506
$2,936
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,593
$2,038
$2,705
$3,060
July 2026
$1,489
$1,940
$2,591
$3,033
June 2026
$1,487
$2,071
$2,723
$3,000
May 2026
$1,549
$2,050
$2,687
$2,961
April 2026
$1,564
$1,951
$2,665
$2,939
March 2026
$1,547
$1,948
$2,659
$2,933
February 2026
$1,556
$1,968
$2,672
$2,948
January 2026
$1,559
$1,978
$2,689
$2,973
December 2025
$1,571
$1,992
$2,714
$3,000
November 2025
$1,571
$2,000
$2,730
$3,017
October 2025
$1,569
$1,990
$2,730
$3,017
September 2025
$1,559
$1,983
$2,720
$3,007
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$1,625
$2,085
$2,496
$2,714
July 2026
$1,752
$1,866
$2,529
$2,676
June 2026
$1,734
$2,087
$2,468
$2,781
May 2026
$1,713
$2,066
$2,484
$2,794
April 2026
$1,696
$2,086
$2,476
$2,891
March 2026
$1,684
$1,987
$2,494
$2,929
February 2026
$1,681
$1,979
$2,569
$2,885
January 2026
$1,677
$1,982
$2,566
$2,874
December 2025
$1,683
$1,996
$2,589
$2,908
November 2025
$1,689
$2,007
$2,603
$2,911
October 2025
$1,687
$2,007
$2,606
$2,899
September 2025
$1,680
$2,004
$2,594
$2,889
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