The Khanty called the forests and swamps on the site of the future city Variogan Maa. The emergence of the city of Raduzhny is associated with the development of the Variogan oil and gas field. In 1973, a landing party of employees of SMU No. 9 of the Nizhnevartovskneftestroy trust landed on the site of the future city. In the early 1980s, the construction of capital housing was started. On August 15, 1986, the settlement received the official status of a city. They wanted to call this city Yagelny, but at that time such a city already existed in Yamal. The names Sosnovy Bor and Neftehrad were next in line, but they did not like them either. As a result, the city was named Raduzhny.
The city has repeatedly won the competition for the most comfortable city in the district. But most of all the city is known for sports achievements and cultural leisure.
Since 2000, a wonderful sports base has been created in the city. More than five thousand people are engaged in sports sections and groups. In 2004, 9710 people took part in 238 mass sports and physical culture and recreation events (in 2003, 156 and 6617, respectively). And in 2002, an Ice Palace was built — the largest in the district. Hockey and figure skating sections have been created there, and everyone can come skating in the evening. More than 40 enterprises took part in the V city Spartakiad in 10 sports, the total number of participants was 857 people. In Raduzhny in 2004 17 district-level competitions, 71 city competitions, a sports contest among sports veterans were held, the Agan ice hockey and mini-football club was created. 640 people received a mass discharge, including one master of sports of international class.
Raduzhny's team took the second prize at the Spartakiad of cities and districts of the Tyumen region. Raduzhny is the birthplace of the famous Russian biathlete Alexey Volkov and hockey player of the KHL club "Salavat Yulaev" Ruslan Petrishchev.
There are 28 amateur folk art collectives in cultural and leisure-type institutions, in which 1400 people are engaged. In 2004, cultural institutions held 1556 events, which were attended by more than 3 thousand people. For 2004 The Children's Art School and the Children's Art School received 16 diplomas of the first degree, 7 of the second, 13 of the third for participation in international, regional, regional exhibitions and competitions.
In March 2004, the III Open West Siberian Competition of young performers on woodwind instruments "Rainbow notes" was held in Raduzhny. Since the beginning of the opening, the Children's Art School has almost doubled its area, as a result, the number of pupils has increased almost 2.5 times.