Richfield, MN · Minneapolis metro

Long-term Rental Rates — September 2026  ·  ZIPs: 55423

Local market data by Estaite

As of September 2026, rental prices in Richfield (55423), in the Minneapolis metro area, range from $1,249 to $3,074 per month depending on property type and bedroom count.

The most notable year-over-year change is a -21.71% decline for 2-bedroom apartments in Richfield, MN.

For 3-bedroom rentals in Richfield, single-family homes have a median rent of $2,584 compared to apartments at $2,394.

What are the current rent prices in Richfield, MN, and how much do they vary by property type and bedroom count?

As of September 2026, monthly rents in Richfield (55423), MN, range from $1,249 for 1-bedroom apartments up to $3,074 for 4-bedroom condo/townhomes.

How does the rent for apartments compare to single-family homes for the same bedroom count in Richfield, MN?

In September 2026, 2-bedroom single-family homes in Richfield rent for $2,156, which is $682 more than 2-bedroom apartments at $1,474 per month; for 3-bedroom units, single-family homes are $2,584 while apartments are $2,394.

Which property type and bedroom combination is the most affordable in Richfield, MN?

The lowest median rent in Richfield as of September 2026 is for 1-bedroom apartments at $1,249 per month.

Is there an unusual number or outlier in the Richfield rental market data for September 2026?

The largest month-over-month movement is a -16.20% drop for 1-bedroom single-family homes, from the previous month.

Richfield, MN · Minneapolis metro

September 2026

55423

Long-term Rental Rates

Long-term rental rates for Richfield (55423), in the Minneapolis metro area, as of September 2026.

Apartment

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,199 – $1,299 8.38% -16.32%
2-Bedroom $1,415 – $1,533 5.50% -21.71%
3-Bedroom $2,317 – $2,470 -3.68% -4.48%
4-Bedroom $2,934 – $3,090 0.84% 2.18%

Condo/Townhome

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,523 – $1,601 -1.92% 0.22%
2-Bedroom $1,838 – $1,960 -6.81% -4.22%
3-Bedroom $2,702 – $2,870 2.99% 2.43%
4-Bedroom $2,994 – $3,152 0.46% 2.23%

Single-Family

Unit Type Price 1 Mo Change 1 Yr Change
1-Bedroom $1,321 – $1,403 -16.20% -18.93%
2-Bedroom $2,081 – $2,231 3.39% 7.58%
3-Bedroom $2,507 – $2,662 3.54% -0.37%
4-Bedroom $2,693 – $2,900 3.05% -3.21%
Data updated: October 19, 2026
Richfield Rental Trends · Minneapolis metro

In the Richfield (55423) rental market, median rent for 1-bedroom apartments dropped to $1,153, reflecting a steep 21.95% decrease compared to last year and a 4.99% decline month over month. This downward movement points to softer demand for smaller apartment units within Richfield (55423).

Among residential options in Richfield (55423), single-family 2-bedroom homes registered an 11.74% month-over-month increase, reaching $2,085 in median rent. Meanwhile, apartment 2-bedrooms saw rents decline 9.98% MoM to $1,397, marking a notable contrast between these segments.

Rental demand in the 3-bedroom condo/townhome segment is reflected in Richfield (55423) rental trends, as monthly rents increased 4.42% to $2,705. The nearly flat year-over-year change at 0.04% shows relative price stability compared to sharper shifts elsewhere.

12-Month Median Rent Trend

Apartment

Month 1 BR 2 BR 3 BR 4 BR
September 2026 $1,249 $1,474 $2,394 $3,000
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

Condo / Townhome

Month 1 BR 2 BR 3 BR 4 BR
September 2026 $1,562 $1,899 $2,786 $3,074
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

Single-Family

Month 1 BR 2 BR 3 BR 4 BR
September 2026 $1,362 $2,156 $2,584 $2,796
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

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