Cheap Homes for Rent in Richmond Hill, ON from $1,000 (224 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Richmond Hill.

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.

Read Article

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.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 5

Richmond Hill, ON Local Guide

Cheapest Available Richmond Hill Apartments for Rent

 

The cheapest available apartment rental in Richmond Hill, ON is a Studio unit found at 274-278 Cedar Avenue in the Richmond Hill Vaughan King neighborhood priced from $1,770. 48 Laverock Avenue in the Richmond Hill Vaughan King neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,900. Here is today’s list of the most affordable Richmond Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
274-278 Cedar AvenueStudioStudio,1BA$1,770
48 Laverock Avenue1 Bedroom, 1 Bath with Patio1BR,1BA$1,900
110 Inverlochy BoulevardOne bedroom,one bathroom1BR,1BA$1,977
Trayborn Hill1 Bedroom1BR,1BA$2,100
Elmwood HillTwo Bedroom2BR,1BA$2,300
Tiffany Hill ApartmentsTwo Bedroom2BR,1BA$2,300
Cedar Hill Apartments2 Bedroom1BR,1BA$2,400
111 Inverlochy BoulevardTwo bedroom,one bathroom2BR,1BA$2,497

Best Value Apartments for Rent in Richmond Hill, ON

As of August 29, 2026 the best value apartment in the Richmond Hill area is the $2.36 price per square foot Two bedroom,one bathroom, balcony Model at 110 Inverlochy Boulevard in the in the Markham neighborhood starting from $2,497. The second greatest value Richmond Hill apartment is the Two bedroom,one bathroom Model at 111 Inverlochy Boulevard starting at $2,497 with a $2.39 price per square foot in the Markham neighborhood. Here is today’s list of the best values for Richmond Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
110 Inverlochy BoulevardTwo bedroom,one bathroom, balcony2BR,1BA$2.36
111 Inverlochy BoulevardTwo bedroom,one bathroom2BR,1BA$2.39
Tiffany Hill ApartmentsTwo Bedroom2BR,1BA$2.30
Cedar Hill Apartments2 Bedroom1BR,1BA$2.73
Elmwood HillTwo Bedroom2BR,1BA$2.88
Trayborn Hill1 Bedroom1BR,1BA$3.17
Cameo Place ApartmentsOne Bedroom1BR,1BA$3.00
48 Laverock Avenue1 Bedroom, 1 Bath with Patio1BR,1BA$3.35
274-278 Cedar AvenueStudioStudio ,1BA$4.35

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Richmond Hill, ON Rentals by Map

Decorative image of map

See the most popular apartments and homes in Richmond Hill, ON

View Map
Richmond Hill, ON Apartments Map
View Map
Richmond Hill, ON Rental Homes Map

Frequently Asked Questions about Richmond Hill

What type of rentals are currently available in Richmond Hill?

There are currently 264 Apartments for Rent in Richmond Hill, ON with pricing that ranges from $1,550 to $24,108. There are also 707 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond Hill ranging from $1,000 to $18,000.

What is the current price range for Rental Homes in Richmond Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Richmond Hill ranges from $1,000 to $18,000 with an average monthly rent of $2,930.

How much are larger Three and Four Bedroom Rentals in Richmond Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Richmond Hill range from $2,600 to $3,590, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $5,350. Four Bedroom Single-Family rentals are also available starting from $1,380 and Four Bedroom Apartments start at $6,728.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.