
Cheap Homes for Rent in New Richmond, IN from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in New Richmond.


2000 Indianapolis Rd

1008 North St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1318 South St

2835 Plaza Ln

Remodeled 2 Bedroom Duplex
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

549 S 3rd St
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 | $1,624 | $999 | $2,695 |
| New Richmond 3 Bedroom Homes for Rent | $1,675 | $1,425 | $2,150 |
Browse Top Homes for Rent in New Richmond
Explore New Richmond
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 2 Beds unit found at Historic Downtown Apartments II in the Downtown Lafayette neighborhood priced from $800. Pheasant Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here is today’s list of the most affordable New Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Historic Downtown Apartments II | 2x1 | 2BR,1BA | $800 |
| Pheasant Run | The Quail Run 1 BR 1 BA | 1BR,1BA | $820 |
| Cloverdale Heights | 1 BR/ 1 BA (includes $30 water sewer trash) | 1BR,1BA | $890 |
Best Value Apartments for Rent in New Richmond, IN and Nearby
As of June 11, 2026 the best value apartment in the New Richmond area is the $1.27 price per square foot 2BR/2.5BA Model at Brownstone Development Condominium in the in the Downtown Lafayette neighborhood starting from $2,250. The second greatest value New Richmond apartment is the Grand Model at Avalon Bluffs starting at $2,200 with a $1.39 price per square foot . 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. |
|---|---|---|---|
| Brownstone Development Condominium | 2BR/2.5BA | 2BR,2.5BA | $1.27 |
| Avalon Bluffs | Grand | 3BR,2BA | $1.39 |
| EVER West Lafayette | 4BR - D1 | 4BR,4BA | $1.19 |
| VERVE West Lafayette | 4BD/4BA - D2 | 4BR,4BA | $1.20 |
| Shadeland Estates | (Adventure) Shadeland Estates New Homes 3bd/2bt... | 3BR,2BA | $1.14 |
| Cypress Square | B1 | 2BR,1BA | $1.33 |
| Cross Winds Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.31 |
| Georgetown South | 2 Bedroom | 2BR,1BA | $1.31 |
| 271 S River Rd | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Historic Downtown Apartments II | 1 Bedroom | 1BR,1BA | $1.42 |
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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See the most popular apartments and homes in New Richmond, IN
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 $575 to $2,903. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Richmond ranging from $595 to $2,695.
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 $595 to $2,695 with an average monthly rent of $1,368.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.