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Penn Apartments Apartment for rent in Richfield, MN
2 of 14 Penn Apartments Apartment for rent in Richfield, MN
3 of 14 Penn Apartments Apartment for rent in Richfield, MN
4 of 14 Penn Apartments Apartment for rent in Richfield, MN
5 of 14 Penn Apartments Apartment for rent in Richfield, MN
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Photos Floor Plans
Updated 4 hours ago

Penn Apartments


7501 7515 Penn Ave Richfield, MN

1 Bed
1 Bath

650 Sq. Ft.

Available Now
1 Bed • 1 Bath
$975 - $1,025
650 ft2
3 Available
Managed By: Penn Apartments LLC
7515-103
$1,000
Available Now
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7501-C
$975
Available Aug 15th, 2025
View
7515-104
$1,025
Available Sep 1st, 2025
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Where you'll live
Street View
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Fees & leasing info
Lease & Fees
Security Deposit:

975 - 1025

Property details
Description

Experience urban living at its finest in this 1-bedroom apartment, perfectly positioned just one block from Best Buy Corporate Office. This unit offers lots of natural light through generous windows, creating a warm and inviting atmosphere throughout.
The thoughtfully designed layout features an inviting eat-in kitchen, perfect for both casual dining and entertaining. Storage worries are a thing of the past with abundant in-unit closet space plus your own dedicated storage unit – ideal for bikes, seasonal items, or extra belongings.
Convenience meets comfort with:
- Reserved off-street parking
- Prime location near Rainbow, Target, and Southtown Mall, the Airport, Best Buy and more
- Easy access to public transportation
- Cat-friendly community (additional fees apply)
*Utilities not included. $40 application fee per person.*

Additional Details
Total Unit Count: 22
Last Updated: Updated 4 hours ago
Contact Number: (952) 545-9155
Photos Floor Plans
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Penn Apartments by bedroom type below.
1 Bedroom
Suggested income:
$36,000
per year
Rent report

Penn Apartments Rent vs. Richfield Average

 Penn Apartments      Richfield Average
1BR
$1,000
$1,170
$0
$400
$800
$1,200
$1,600

Penn Apartments is asking 15% less than the average 1 bedroom apartment in Richfield.

If you upsized to an average priced Richfield 2 bedroom apartment, you would pay 30% more per month.

If you downsized to an average priced Richfield studio apartment, you would pay 12% more per month.

Penn Apartments provides 6% less square footage than the average Richfield 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Penn Apartments
1BR $1,000 $1.50 $3,000
Richfield Average
Studio $1,332 $2.50 $3,996
1BR $1,170 $1.70 $3,510
2BR $1,668 $1.70 $5,004
3BR $2,694 $1.80 $8,082
4BR $2,675 $1.40 $8,025

Availability in Richfield

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 111 1BR units on the market in Richfield. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
7% 68% 23% 1% 1%
Available Units in Richfield
Studio 12
1BR 111
2BR 37
3BR 2
4BR 1
Location
Nearby Colleges
Nearby Hospitals
Name Distance
Fairview Southdale Hospital 1.59 mi.
Park Nicollet Methodist Hosp 5.03 mi.
Abbott Northwestern Hospital 6.44 mi.
Nearby Fire Stations
Name Distance
Bloomington Fire Department 0.63 mi.
Edina Fire Department 2.24 mi.
City Of Windom Volunteer Fire Department 2.27 mi.
FAQs
Is this property currently leasing units?
Yes. There are 3 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 3 units available for move-in over the next 2 months. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units are 650 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $975 to $1,025. Penn Apartments has 1 bedroom units available starting at $975.
Where is this property located?
This property is at 7501 7515 Penn Ave in Richfield, MN. It's 1.6 miles southwest from the center of Richfield.
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