Cheap Apartments for Rent in Richmond, IL from $500 (40 Rentals)

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

property at 300 Cunat Blvd

$1,700 - $1,750

2 Bedroom Rentals

Available Now

300 Cunat Blvd

RichmondIL60071

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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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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11236 258th Ct
1 to 2 Bedroom Apartments

11236 258th Ct

11236 258th CtTrevor, WI 53179
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Harbor View Apartments
Studio to 1 Bedroom Apartments

Harbor View Apartments

10-14 Rushmore RdFox Lake, IL 60020
Student Housing
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Fawn Ridge Apartments
1 to 3 Bedroom Apartments

Fawn Ridge Apartments

1941 N Orleans StMcHenry, IL 60050
  • Utilities Included

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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Taylor Place
1 to 3 Bedroom Apartments

Taylor Place

4103 W Crystal Lake RdMcHenry, IL 60050
  • Utilities Included

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.

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Showing Results 1-40, Page 1 of 1

Richmond, IL Local Guide

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, IL is a 1 Bed unit found at McHenry Commons in the Lincoln Hills neighborhood priced from $576. Whitetail Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $612. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McHenry CommonsSugar Maple - 30% AMI1BR,1BA$576
Whitetail Ridge1 Bedroom + 1 Bath1BR,1BA$612
Tan Oak Apartments1 Bed 1 Bath1BR,1BA$1,099
Fawn Ridge ApartmentsValley View1BR,1BA$1,220
Patriot Prairie of Woodstock1X11BR,1BA$1,225
Willow BrookeOne Bedroom1BR,1BA$1,280
Patriot Oaks1 Bedroom 1 Bathroom1BR,1BA$1,307
Lakeview Terrace ApartmentsTwo Bedroom2BR,1BA$1,400
The Blake at Fox RiverSterling1BR,1BA$1,585

Best Value Apartments for Rent in Richmond, IL and Nearby

As of July 15, 2026 the best value apartment in the Richmond area is the $1.64 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 $2,050. 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 $1.73 price per square foot in the Walworth County neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.64
Lake Breeze Estates2 Bed 2 Bath Lower 2 Car Attached Garage Direct...2BR,2BA$1.73
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.82
McHenry CommonsHornbeam - 60% AMI2BR,2BA$1.46
The Ridges of Geneva EastSandstone2BR,1BA$1.73
Lakeview Terrace ApartmentsTwo Bedroom2BR,1.5BA$1.37
424 Wisconsin St, Unit 424 S. Wisconsin St424 Wisconsin St2BR,1BA$1.35
Fawn Ridge ApartmentsValley View1BR,1BA$1.81
Whitetail Ridge1 Bedroom + 1 Bath1BR,1BA$0.92
Tan Oak Apartments1 Bed 1 Bath1BR,1BA$1.69

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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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.

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Richmond, IL

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Remember the 3 Rules of Real Estate:
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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 $576 at McHenry Commons.

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 $1,347 at Fawn Ridge Apartments.

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 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.

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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.

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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.

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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.