Cheap Apartments for Rent in Richmond, IL from $1,080 (40 Rentals)

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

property at 300 Cunat Blvd

$1,600 - $1,695

2 Bedroom Rentals

Available Now

300 Cunat Blvd

RichmondIL60071

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.

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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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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.

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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

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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Taylor Place
1 to 3 Bedroom Apartments

Taylor Place

4103 W Crystal Lake RdMcHenry, IL 60050
  • Utilities Included

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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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 Harbor View Apartments in the Amber Shores neighborhood priced from $1,070. Patriot Oaks in the Amber Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,121. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harbor View Apartments1 Beds, 1 Baths1BR,1BA$1,070
Patriot OaksStudio 1 bathroom1BR,2BA$1,121
Fawn Ridge ApartmentsValley View1BR,1BA$1,220
Patriot Prairie of Woodstock1X11BR,1BA$1,225
Willow BrookeOne Bedroom1BR,1BA$1,280
Anita Terrace Apartments2 Bdrm/1 Bath2BR,1BA$1,325
Geneva Estates2 Bed 1 Bath Lower Patio - Remodeled2BR,1BA$1,449
The Ridges of Geneva EastSandstone2BR,1BA$1,490
McHenry CommonsHackberry - 60% AMI2BR,2BA$1,512
The Blake at Fox RiverEllory Terrace1BR,1BA$1,615

Best Value Apartments for Rent in Richmond, IL and Nearby

As of August 29, 2026 the best value apartment in the Richmond area is the $1.17 price per square foot Large One Bedroom/Den Model at The Villas At Patriot Estates in the in the Lincoln Hills neighborhood starting from $1,972. The second greatest value Richmond apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $2,050 with a $1.64 price per square foot in the Amber Shores 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.
The Villas At Patriot EstatesLarge One Bedroom/Den1BR,2.5BA$1.17
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.64
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.82
McHenry CommonsHackberry - 60% AMI2BR,2BA$1.40
The Ridges of Geneva EastSandstone2BR,1BA$1.52
The Residences of Fox MeadowsThe Bluebell1BR,1BA$1.89
Anita Terrace Apartments2 Bdrm/1 Bath2BR,1BA$1.51
Willow BrookeOne Bedroom1BR,1BA$1.90
Fawn Ridge ApartmentsValley View1BR,1BA$1.81
Tan Oak Apartments1 Bed 1 Bath Remodeled1BR,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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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:
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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 $1,070 at Harbor View 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 $1,249 at Tan Oak 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

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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.

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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.

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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.