Concierge
7620 Penn Ave S,
Richfield, MN 55423
$1,135 - $1,415 | 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 April 2025, the average apartment rent in Southwest Richfield is $905 for a studio, $1,157 for one bedroom, $1,496 for two bedrooms, and $1,616 for three bedrooms. Apartment rent in Southwest Richfield has increased by 10.4% in the past year.
Studio
590 sq ft
Average Sq Ft
$905/month
Average Rent
1 BR
635 sq ft
Average Sq Ft
$1,157/month
Average Rent
2 BR
909 sq ft
Average Sq Ft
$1,496/month
Average Rent
3 BR
1,184 sq ft
Average Sq Ft
$1,616/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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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 2025.