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Home / Minneapolis Area Apartments / Richfield / Penn Apartments
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Updated 24 minutes ago

Penn Apartments


7501 7515 Penn Ave Richfield, MN

1 Bed
•
1 Bath

650 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,000
650 ft2
1 Available
Managed By: Penn Apartments LLC
7515-103
$1,000
Available Now
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Penn Apartments
Penn Apartments
Penn Apartments
Fees & leasing info
Lease & Fees
Security Deposit: $1,000
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 24 minutes ago
Contact Number: (952) 545-9155
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Photos Floor Plans
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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 67 1BR units on the market in Richfield. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
11% 60% 25% 2% 2%
Available Units in Richfield
Studio 12
1BR 67
2BR 28
3BR 2
4BR 2
Location
Nearby Colleges

Normandale Community College

College Of St Catherine

Minneapolis Community and Technical College

Augsburg College

Capella University

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 is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 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?
Penn Apartments has a 1 bedroom unit starting at $1,000.
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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