As of June 2026, rental prices in Richfield, MN range from $1,191 to $3,000 per month depending on property type and bedroom count.
The most significant year-over-year change is the 17.40% decline in 1BR apartment rents in Richfield, MN.
For 2BR units, single-family homes have a median rent of $2,087, while apartments are priced at $1,935.
What are the typical rental prices in Richfield, MN as of June 2026?
Rental prices in Richfield, MN range from $1,191 per month for a 1BR apartment up to $3,000 per month for a 4BR condo/townhome.
How much more do single-family homes cost compared to apartments for the same bedroom count in Richfield, MN?
For 1BR units, single-family homes have a median rent of $1,734 compared to $1,191 for apartments—a difference of $543; for 2BR, single-family rents are $2,087 vs $1,935 for apartments, a gap of $152.
Which property and bedroom combination is the most affordable in Richfield, MN?
The most affordable combination is a 1BR apartment, with a median rent of $1,191 as of June 2026.
Is there a segment in Richfield, MN with an unusually sharp monthly rent change?
2BR apartment rents in Richfield, MN jumped by 25.53% month-over-month, which is the sharpest increase among all segments for June 2026.
Richfield, MN
June 2026
55423
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,144 – $1,239
0.21%
-17.40%
2-Bedroom
$1,838 – $2,031
25.53%
6.18%
3-Bedroom
$2,408 – $2,593
0.80%
3.04%
4-Bedroom
$2,894 – $3,015
0.97%
2.56%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,464 – $1,509
-4.03%
-1.29%
2-Bedroom
$1,998 – $2,143
1.02%
6.08%
3-Bedroom
$2,622 – $2,824
1.34%
3.10%
4-Bedroom
$2,963 – $3,090
1.32%
2.49%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,704 – $1,795
1.23%
6.06%
2-Bedroom
$2,014 – $2,160
1.02%
6.87%
3-Bedroom
$2,407 – $2,530
-0.64%
-2.21%
4-Bedroom
$2,656 – $2,906
-0.44%
-2.89%
Data updated: July 19, 2026
In the Richfield (55423) rental market, 1-bedroom apartments recorded a substantial decrease in median rent, dropping to $1,191 with a -17.4% year-over-year change for June 2026. This sharp decline highlights shifting affordability for smaller apartment units within Richfield (55423).
Median rents in the 2-bedroom apartment segment in Richfield (55423) rose by 25.53% month-over-month, reaching $1,935 for June 2026. This steep monthly rise is far greater than the 1.02% MoM increase seen for 2-bedroom condo/townhomes, which now rent for $2,071.
Reviewing Richfield (55423) rental trends, 3-bedroom condos increased 3.1% year-over-year to a median rent of $2,723, while 3-bedroom single-family homes saw a decline of -2.21% YoY to $2,468. This comparison flags a notable divergence between these categories for larger units.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
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
August 2025
$1,477
$1,863
$2,482
$2,907
July 2025
$1,460
$1,842
$2,456
$2,878
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
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
August 2025
$1,554
$1,976
$2,704
$2,988
July 2025
$1,525
$1,967
$2,676
$2,959
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
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
August 2025
$1,668
$1,992
$2,619
$2,895
July 2025
$1,654
$1,967
$2,573
$2,857
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