
Cheap Apartments for Rent in Richmond, IL from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


Prairie Apartments

Antioch Manor Apartments

Lakewood Tower

Tan Oak Apartments

Autumnwood Apartments
Richmond, IL Local Guide

How much does it cost to rent an apartment in Richmond?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Richmond Studio Apartments | $2,036 | $1,502 | $2,303 |
Richmond 1 Bedroom Apartments | $1,425 | $553 | $1,915 |
Richmond 2 Bedroom Apartments | $1,617 | $660 | $2,433 |
Richmond 3 Bedroom Apartments | $1,738 | $1,270 | $2,369 |
Browse Top Apartments in Richmond
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Richmond, IL Local Guide
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Cheapest Available Richmond Apartments for Rent and Nearby
 The cheapest available apartment rental in Richmond, IL is a 1 Bed unit found at Tan Oak Apartments priced from $1,049. Lakewood Tower in the Grant's Grove neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Richmond apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Tan Oak Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,049 |
Lakewood Tower | 2 Bed 790SF | 2BR,1BA | $1,200 |
Timber Oaks (Patriot Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,307 |
Best Value Apartments for Rent in Richmond, IL and Nearby
As of September 20, 2025 the best value apartment in the Richmond area is the $1.48 price per square foot 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay in the in the Amber Shores neighborhood starting from $1,850. The second greatest value Richmond apartment is the 2 Bed 2 Bath Lower 2 Car Attached Garage Direct... Model at Lake Breeze Estates starting at $2,099 with a $1.68 price per square foot . Here is today’s list of the best values for Richmond apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.48 |
Lake Breeze Estates | 2 Bed 2 Bath Lower 2 Car Attached Garage Direct... | 2BR,2BA | $1.68 |
River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.68 |
The Ridges of Geneva East | Laurel | 2BR,1BA | $1.49 |
Taylor Place | 2br 2ba | 2BR,2BA | $1.28 |
Geneva Meadows | 2BR/1.0BA | 2BR,1BA | $1.60 |
Willow Brooke | Two Bedroom | 2BR,1BA | $1.79 |
Lakewood Tower | 2 Bed 790SF | 2BR,1BA | $1.52 |
Prairie View (Patriot Prairie of Woodstock) | 1X1 | 1BR,1BA | $2.04 |
Tan Oak Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.61 |
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Best Local Schools in Richmond, IL
Richmond-Burton High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Richmond, IL
Walk Score®
30 / 100
Car-Dependent
Most errands require a car
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Richmond Apartments
How much is rent for a Cheap One Bedroom Richmond Apartment?
The lowest price for a Cheap One Bedroom Richmond Apartment is $1,049 at Tan Oak Apartments.
What is the lowest price for a Cheap Two Bedroom Richmond Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Richmond is starting from $1,200 at Lakewood Tower.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.