Cheap Homes for Rent in Richmond, IL from $600 (6 Rentals)

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Richmond, IL Local Guide

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, IL is a 2 Beds unit found at Lakewood Tower in the Grant's Grove neighborhood priced from $1,200. 11236 258th Ct 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 ListingModel NameBed/BathPriced From
Lakewood Tower2 Bed 790SF2BR,1BA$1,200
11236 258th Ct2 X 12BR,1BA$1,200
Timber Oaks (Patriot Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,307

Best Value Apartments for Rent in Richmond, IL and Nearby

As of July 25, 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 Residence #5, 6, 7 and 8 (Plus Den) Model at River Place starting at $1,850 with a $1.68 price per square foot in the Lincoln Hills 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$1.48
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.68
Highlands of Kensington ManorManchester2BR,2BA$1.51
Fawn Ridge ApartmentsWynstone2BR,2BA$1.77
Lakewood Tower2 Bed 790SF2BR,1BA$1.52
Geneva Estates2 Bed 1 Bath Upper2BR,1BA$1.80
The Blake at Fox RiverSterling1BR,1BA$2.24
Coventry Glen Apartments1 Bdrm/1 Bath-2nd FlrH1BR,1BA$1.92
Timber Oaks (Patriot Oaks)1 Bedroom 1 Bathroom1BR,1BA$2.03
Prairie View (Patriot Prairie of Woodstock)STUDIOStudio ,1BA$2.45

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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 45 Apartments for Rent in Richmond, IL with pricing that ranges from $553 to $3,843. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $675 to $3,200.

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 $675 to $3,200 with an average monthly rent of $2,292.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.