Cheap Homes for Rent in Richmond, IL from $1,300 (10 Rentals)

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

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.

property at 300 Cunat Blvd

$1,600 - $1,695

2 Bedroom Rentals

Available Now

300 Cunat Blvd

RichmondIL60071

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

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 ListingModel NameBed/BathPriced From
Whitetail Ridge1 Bedroom + 1 Bath1BR,1BA$612
Harbor View Apartments1 Beds, 1 Baths1BR,1BA$1,070
Patriot OaksStudio 1 bathroom1BR,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 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
The Ridges of Geneva EastSandstone2BR,1BA$1.42
The Residences of Fox MeadowsThe Bluebell1BR,1BA$1.89
Anita Terrace Apartments2 Bdrm/1 Bath2BR,1BA$1.51
Prairie Apartments2 Bedroom Upper LK2BR,1BA$1.71
Willow BrookeOne Bedroom1BR,1BA$1.90
Fawn Ridge ApartmentsValley View1BR,1BA$1.81
Whitetail Ridge1 Bedroom + 1 Bath1BR,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.

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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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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

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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.