Cheap Homes for Rent in Richmond Hill, ON from $700 (224 Rentals)

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

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.

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property at 54 Aileen Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

54 Aileen Rd

MarkhamONL3T 5T1

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Richmond Hill, ON Local Guide

Cheapest Available Richmond Hill Apartments for Rent

 

The cheapest available apartment rental in Richmond Hill, ON is a 1 Bed unit found at Essex Place Apartments in the Richmond Hill Vaughan King neighborhood priced from $1,800. Tiffany Hill Apartments 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
Essex Place Apartments1 Bed 1 Bath1BR,1BA$1,800
Tiffany Hill ApartmentsOne Bedroom1BR,1BA$1,900
Richmond Hill ApartmentsA1Studio,1BA$2,170
274-278 Cedar Avenue1 Bedroom1BR,1BA$2,215
181 Colborne AveTwo Bedroom2BR,1BA$2,225
110 Inverlochy BoulevardTwo bedroom,one bathroom, balcony2BR,1BA$2,497
Romfield Circuit3 Bedroom3BR,1BA$3,500

Best Value Apartments for Rent in Richmond Hill, ON

As of May 30, 2026 the best value apartment in the Richmond Hill area is the $1.79 price per square foot 3 Bedroom Model at Romfield Circuit in the in the Richmond Hill Vaughan King neighborhood starting from $3,500. The second greatest value Richmond Hill apartment is the Two bedroom,one bathroom, balcony Model at 110 Inverlochy Boulevard starting at $2,497 with a $2.39 price per square foot in the Richmond Hill Vaughan King 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.
Romfield Circuit3 Bedroom3BR,1BA$1.79
110 Inverlochy BoulevardTwo bedroom,one bathroom, balcony2BR,1BA$2.39
181 Colborne AveTwo Bedroom2BR,1BA$2.45
Tiffany Hill ApartmentsOne Bedroom1BR,1BA$2.50
274-278 Cedar Avenue1 Bedroom1BR,1BA$3.41
Essex Place Apartments1 Bed 1 Bath1BR,1BA$3.00
Richmond Hill ApartmentsA1Studio ,1BA$4.74

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.

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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.

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Quick Rent Budget Calculator

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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.

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

Explore Richmond Hill, ON Rentals by Map

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Frequently Asked Questions about Richmond Hill

What type of rentals are currently available in Richmond Hill?

There are currently 262 Apartments for Rent in Richmond Hill, ON with pricing that ranges from $1,926 to $2,514. There are also 679 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond Hill ranging from $750 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 $750 to $18,000 with an average monthly rent of $3,479.

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

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.