What is the median rent in Richfield, MN?

Name: Median rent in Richfield, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Richfield, MN is $1,393 (±$43) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 6,312 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Richfield, the median gross rent went from $1,079 in 2015–2019 to $1,393 in 2020–2024 (+29.1%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,393 (±$43)
Rented homes: 6,312 (±460)
$2,000 or more: 15.5%
Since 2015–2019: +29.1%

How much rent costs in Richfield

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Richfield	Hennepin County	Minnesota	United States
Less than $500	3.7% (±1.7 points)	6.5%	8.4%	6.3%
$500 to $999	12.3% (±2.7 points)	10.9%	21.5%	20.2%
$1,000 to $1,499	45.0% (±5.6 points)	33.5%	33.6%	28.1%
$1,500 to $1,999	23.6% (±5.9 points)	27.5%	21.4%	21.1%
$2,000 to $2,499	9.6% (±2.9 points)	12.5%	9.2%	12.0%
$2,500 to $2,999	2.1% (±1.3 points)	4.8%	3.0%	5.5%
$3,000 or more	3.8% (±2.5 points)	4.3%	3.0%	6.8%

The most common range is $1,000 to $1,499, paid by 45.0% of renting households.

15.5% of rented homes in Richfield cost $2,000 or more a month.

Richfield against Hennepin County, its state and the nation

Estimate (90% margin of error)
	Richfield	Hennepin County	Minnesota	United States
Median gross rent	$1,393 (±$43)	$1,487 (±$14)	$1,280 (±$7)	$1,413
Rented homes paying rent	6,312 (±460)	197,207 (±2,353)	614,257 (±4,397)	42,849,984

In Richfield, median gross rent is lower than in Hennepin County ($1,487).

It is also higher than in Minnesota ($1,280).

It is not measurably different from the national figure ($1,413).

In Hennepin County, Richfield ranks 25 of 37 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 217 of 1,347.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Richfield has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,079 (±$31)	$1,393 (±$43)	+29.1%	Up after inflation
Households that rent	39.5% (±1.9 points)	38.4% (±2.5 points)	−1.1 percentage points	Not a measurable change
Rental vacancy rate	2.7% (±1.8 points)	3.8% (±2.3 points)	+1.1 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Richfield

Nearest places with a published estimate, compared with Richfield
Place	Distance	Median gross rent	Compared with this place
Richfield	—	$1,393 (±$43)	—
Bloomington	3.5 mi	$1,561 (±$36)	Higher
Edina	4.0 mi	$1,844 (±$60)	Higher
Mendota	6.0 mi	$875 (±$330)	Lower
Minneapolis	6.2 mi	$1,371 (±$20)	Not measurably different
St. Louis Park	6.5 mi	$1,644 (±$43)	Higher
Hopkins	6.9 mi	$1,468 (±$65)	Not measurably different
Eagan	7.1 mi	$1,679 (±$37)	Higher
Mendota Heights	7.3 mi	$1,631 (±$139)	Higher

Nearby places with a measurably lower figure: Mendota, MN ($875).

Nearby places with a measurably higher figure: Bloomington, MN ($1,561), Edina, MN ($1,844), St. Louis Park, MN ($1,644).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Hennepin County, place by place

Rank	Place	Median gross rent
19	Shorewood	$1,607 (±$1,056)
20	Bloomington	$1,561 (±$36)
21	Hopkins	$1,468 (±$65)
22	Crystal	$1,467 (±$60)
23	Medina	$1,429 (±$499)
24	St. Anthony (Hennepin County)	$1,397 (±$93)
25	Richfield	$1,393 (±$43)
26	Brooklyn Center	$1,376 (±$42)
27	Minneapolis	$1,371 (±$20)
28	New Hope	$1,335 (±$49)
29	Osseo	$1,333 (±$153)
30	Brooklyn Park	$1,325 (±$51)
31	St. Bonifacius	$1,270 (±$234)

Showing 13 of 37 places in Hennepin County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Richfield

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Richfield, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Richfield beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Richfield, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Richfield

What is the average rent in Richfield, MN?

The Census Bureau publishes the median rather than the average: the median gross rent in Richfield is $1,393 (±$43) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Richfield?

In Richfield, the median gross rent went from $1,079 in 2015–2019 to $1,393 in 2020–2024 (+29.1%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Richfield cost more than $2,000 a month?

15.5% of rented homes in Richfield have a gross rent of $2,000 or more a month, and 3.7% cost less than $500.

Is rent in Richfield higher than in Hennepin County?

In Richfield, median gross rent is lower than in Hennepin County ($1,487).

It is also higher than in Minnesota ($1,280).

It is not measurably different from the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Richfield city, Minnesota (place:54214, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.