
Cheap Homes for Rent in Richmond, IL from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


430 Cunat Blvd

99 North Ave

1103 Front St
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.

10102 Main St

89 Maude Ave

1005 Cherry Valley Rd

501 Brookwood Trail
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.

37439 N Lake Shore Dr
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 | $1,991 | $1,550 | $3,000 |
Richmond 3 Bedroom Homes for Rent | $2,558 | $2,100 | $3,000 |
Richmond 4 Bedroom Homes for Rent | $3,197 | $2,700 | $3,800 |
Richmond 5 Bedroom Homes for Rent | $3,450 | $2,800 | $4,100 |
Browse Top Homes for Rent in Richmond
Explore Richmond
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 2 Beds unit found at Lakewood Tower in the Grant's Grove neighborhood priced from $1,200. Timber Oaks (Patriot Oaks) in the Amber Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,307. Here is today’s list of the most affordable Richmond apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lakewood Tower | 2 Bed 790SF | 2BR,1BA | $1,200 |
Timber Oaks (Patriot Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,307 |
Prairie View (Patriot Prairie of Woodstock) | STUDIO | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Richmond, IL and Nearby
As of September 08, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.48 |
River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.68 |
The Ridges of Geneva East | Oakwood | 2BR,1BA | $1.52 |
Geneva Meadows | 2BR/1.0BA | 2BR,1BA | $1.60 |
Highlands of Kensington Manor | Sheffield | 1BR,1BA | $1.53 |
Willow Brooke | Two Bedroom | 2BR,1BA | $1.79 |
Lakewood Tower | 2 Bed 790SF | 2BR,1BA | $1.52 |
The Meadows Apartments Lakemoor | Marigold | 1BR,1BA | $2.10 |
Fawn Ridge Apartments | Summit | 1BR,1BA | $2.16 |
Timber Oaks (Patriot Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.09 |
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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!
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 43 Apartments for Rent in Richmond, IL with pricing that ranges from $553 to $2,391. There are also 50 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 $2,506.
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.