
Cheap Homes for Rent near New Richmond, IN from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in New Richmond.


820 S 19th St

1910 Kossuth St

1008 North St

2814 Plaza Ln
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2823 Plaza Ln

108 Walnut St

721 S 9th St

101 Aspen Dr

549 S 3rd St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
New Richmond, IN Local Guide

How much does it cost to rent a home in New Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Richmond 2 Bedroom Homes for Rent | $1,461 | $840 | $2,500 |
| New Richmond 3 Bedroom Homes for Rent | $1,691 | $1,195 | $2,559 |
| New Richmond 4 Bedroom Homes for Rent | $2,433 | $2,100 | $2,700 |
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New Richmond, IN Local Guide
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Cheapest Available New Richmond Apartments for Rent and Nearby
 The cheapest available apartment rental in New Richmond, IN is a 1 Bed unit found at Southfork Apartments in the Discovery Park neighborhood priced from $499. 1214 Columbia Street in the Downtown Lafayette neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $735. Here is today’s list of the most affordable New Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southfork Apartments | 1BR/1.0BA | 1BR,1BA | $499 |
| 1214 Columbia Street | Studio | Studio,1BA | $735 |
| Pheasant Run | The Retriever Studio | Studio,1BA | $791 |
Best Value Apartments for Rent in New Richmond, IN and Nearby
As of July 27, 2026 the best value apartment in the New Richmond area is the $1.19 price per square foot 4BR - D1 Model at EVER West Lafayette in the in the Discovery Park neighborhood starting from $1,469. The second greatest value New Richmond apartment is the 4BD/4BA - D2 Model at VERVE West Lafayette starting at $1,459 with a $1.20 price per square foot in the Discovery Park neighborhood. Here is today’s list of the best values for New Richmond apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| EVER West Lafayette | 4BR - D1 | 4BR,4BA | $1.19 |
| VERVE West Lafayette | 4BD/4BA - D2 | 4BR,4BA | $1.20 |
| Deerfield Commons Apartments | Tecumseh | 3BR,1.5BA | $1.33 |
| Provenance | 2x2 B | 2BR,2BA | $1.25 |
| The Ridge 2 | 2 Bed / 1 Bath | 2BR,1BA | $0.96 |
| Shadeland Estates | (Adventure) Shadeland Estates New Homes 3bd/2bt... | 3BR,2BA | $1.22 |
| Windemere Apartments | 2 bed 1 bath Renovated | 2BR,1BA | $1.24 |
| Georgetown South | 2 Bedroom | 2BR,1BA | $1.31 |
| Cross Winds Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.31 |
| 271 | 2BR/1.0BA | 2BR,1BA | $1.07 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about New Richmond
What type of rentals are currently available in New Richmond?
There are currently 58 Apartments for Rent in New Richmond, IN with pricing that ranges from $499 to $2,903. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Richmond ranging from $545 to $2,700.
What is the current price range for Rental Homes in New Richmond?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Richmond ranges from $545 to $2,700 with an average monthly rent of $1,410.
How much are larger Three and Four Bedroom Rentals in New Richmond?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New Richmond range from $1,140 to $1,924, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,559. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $499.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.