
Cheap Homes for Rent in Richmond, IL from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


330 Cunat Blvd

57 Vail Colony St

2103 Main St Rd

3004 Michael St
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.

3929 Main St

300 Cunat Blvd

8313 Ramble Rd

11236 258th Ct

4402 W Shamrock Ln
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.
Richmond, IL Local Guide

How much does it cost to rent a home in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond 2 Bedroom Homes for Rent | $2,075 | $1,485 | $3,400 |
| Richmond 3 Bedroom Homes for Rent | $2,588 | $1,495 | $4,100 |
| Richmond 4 Bedroom Homes for Rent | $2,890 | $2,500 | $3,650 |
Browse Top Homes for Rent 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 Whitetail Ridge priced from $612. Harbor View Apartments in the Amber Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,070. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whitetail Ridge | 1 Bedroom + 1 Bath | 1BR,1BA | $612 |
| Harbor View Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,070 |
| Patriot Oaks | Studio 1 bathroom | 1BR,2BA | $1,121 |
Best Value Apartments for Rent in Richmond, IL and Nearby
As of August 23, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Villas At Patriot Estates | Large One Bedroom/Den | 1BR,2.5BA | $1.17 |
| West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.64 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| The Ridges of Geneva East | Sandstone | 2BR,1BA | $1.42 |
| The Residences of Fox Meadows | The Bluebell | 1BR,1BA | $1.89 |
| Anita Terrace Apartments | 2 Bdrm/1 Bath | 2BR,1BA | $1.51 |
| Prairie Apartments | 2 Bedroom Upper LK | 2BR,1BA | $1.71 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
| Fawn Ridge Apartments | Valley View | 1BR,1BA | $1.81 |
| Whitetail Ridge | 1 Bedroom + 1 Bath | 1BR,1BA | $0.92 |
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 ArticleReal 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 ArticleQuick 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.
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!
Explore Richmond, IL Rentals by Map
See the most popular apartments and homes in Richmond, IL
Frequently Asked Questions about Richmond
What type of rentals are currently available in Richmond?
There are currently 48 Apartments for Rent in Richmond, IL with pricing that ranges from $612 to $3,098. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $1,300 to $4,100.
What is the current price range for Rental Homes in Richmond?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Richmond ranges from $1,300 to $4,100 with an average monthly rent of $2,330.
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

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.

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.

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.

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.