As of April 2026, rental prices in Richfield, MN range from $1,265 to $2,951 per month depending on property type and bedroom count.
The largest year-over-year increase is for single-family 2BR units in Richfield, MN, which rose 9.40% compared to April 2025.
For 1BR units, single-family homes have a median rent of $1,696, while apartments rent for $1,265 per month.
What is the range of rent prices in Richfield, MN according to the April 2026 report?
In Richfield, MN as of April 2026, rent prices range from $1,265 per month for a 1BR apartment up to $2,951 per month for a 4BR apartment.
How much more does a single-family home cost compared to an apartment for the same bedroom count in Richfield, MN?
Single-family 1BR units rent for $1,696 versus $1,265 for apartment 1BRs, a difference of $431; single-family 2BR units rent for $2,086 versus $1,898 for apartment 2BRs, a difference of $188 as of April 2026.
What is the most affordable property and bedroom combination currently available in Richfield, MN?
The most affordable option in Richfield, MN is a 1BR apartment with a median rent of $1,265 in April 2026.
Which segment in Richfield, MN shows the most unusual rent movement in April 2026?
The apartment 1BR segment exhibits an outlier with a month-over-month change of -12.14% and a year-over-year change of -10.63%, both notably more dramatic than other segments.
Richfield, MN
April 2026
55423
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,214 – $1,315
-12.14%
-10.63%
2-Bedroom
$1,803 – $1,992
-1.89%
6.01%
3-Bedroom
$2,350 – $2,471
-2.66%
0.81%
4-Bedroom
$2,841 – $3,018
0.47%
3.44%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,509 – $1,618
1.08%
6.23%
2-Bedroom
$1,902 – $2,000
0.15%
2.25%
3-Bedroom
$2,566 – $2,764
0.23%
3.66%
4-Bedroom
$2,907 – $3,027
0.20%
2.76%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,672 – $1,755
0.71%
6.60%
2-Bedroom
$2,013 – $2,159
4.99%
9.40%
3-Bedroom
$2,414 – $2,538
-0.72%
2.06%
4-Bedroom
$2,804 – $2,977
-1.30%
2.94%
Data updated: June 2, 2026
In the Richfield (55423) rental market, 1-bedroom apartment rents fell significantly, decreasing 12.14% month-over-month and reaching a median of $1,265 in April 2026. The year-over-year decline was 10.63%, marking this segment as the steepest drop among all tracked unit types.
Single-family homes with 2 bedrooms in Richfield (55423) commanded a median rent of $2,086 in April 2026, which is $188 above comparable apartments and $135 over condo/townhomes. This segment surged 4.99% month-over-month, representing the largest monthly gain across all segments.
April data highlights that Richfield (55423) rental trends show 4-bedroom condos/townhomes increased 2.76% year-over-year to a median rent of $2,939. This YoY growth slightly exceeded the 2.94% rise for single-family homes, while apartment rents in this segment stood at $2,911.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
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
June 2025
$1,442
$1,822
$2,427
$2,854
May 2025
$1,424
$1,801
$2,399
$2,829
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
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
June 2025
$1,506
$1,952
$2,641
$2,927
May 2025
$1,484
$1,931
$2,599
$2,890
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
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
June 2025
$1,635
$1,953
$2,524
$2,864
May 2025
$1,611
$1,928
$2,515
$2,826
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