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Richfield, MN Condo for Rent

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  • 7520 Oliver Ave S Unit 510, Minneapolis, MN 55423
    7520 Oliver Ave S Unit 510, Minneapolis, MN 55423
    7520 Oliver Ave S Unit 510, Minneapolis, MN 55423
    /14

    $985

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Condo for Rent

    7520 Oliver Ave S Unit 510, Minneapolis, MN 55423

    7520 Oliver Avenue S Apartments are conveniently located near I35, 494 & Crosstown. Close to shopping, restaurants, medical services, and the Minneapolis Lake Chain.Updated apartments feature: New stainless steel appliances, counter-tops, islands, blinds on all windows and extra-large closets.Paid utilities: Heat, water, gas, garbage/recycling included in rent. Tenant only pays

    7520 Oliver Ave S Unit 510, Minneapolis, MN 55423
Minnesota Hennepin County Richfield

Condos for Rent in Richfield, MN

Frequently Asked Questions

How much does it cost to rent a condo in Richfield, MN?
The median rent for a condo in Richfield, MN is $1,549 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Richfield, MN?
To comfortably afford the median rent in Richfield, MN, a household needs to earn roughly $89,280 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,232 per month in Richfield, MN, renters typically need to show $6,696 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Richfield, MN?
In Richfield, MN, the price-to-rent ratio is 13.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Richfield, MN are best for renting a condo?
The best neighborhood for renting in Richfield, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Armatage, East Bloomington, West Bloomington and Linden Hills, each with its own character and price range.

Condo Rental Trends in Richfield, MN

There are currently 1 condos available for rent in Richfield, MN. The median rent is $1,549 per month, with 1-bedroom condos renting at $1,550 and 2-bedroom condos at $1,675.

Rental Home Trends

Number of Condos for Rent
1
Median Condo Rent
$1,549
Median 1 Bedroom Condo Rent
$1,550
Median 2 Bedroom Condo Rent
$1,675
How to Rent a Home

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