
Cheap Apartments for Rent in Richmond, IN from $300 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


Atlas Apartments

Townehouse Village Apartments

Genesis Apartments

Royal Oaks Apartments

Stonehenge
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.

Chester Heights Apartments

Rosewood Terrace

18 N 13th St

1308 N A St

29 N 13th St

321 N 9th 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.

314 N 9th St

420-424 N 15th St

109 Richmond Ave

Ivy Green

Music City Place

Rose Stone Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Village at Whitewater

East Ridge Apartments

Genesis Apartments LLC

9 North Apartments

6512 US 27 S

Rustic Acres
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.

Carriage House Richmond

Interfaith Housing
Richmond, IN Local Guide

How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $800 | $800 | $800 |
| Richmond 1 Bedroom Apartments | $801 | $690 | $905 |
| Richmond 2 Bedroom Apartments | $886 | $660 | $1,100 |
| Richmond 3 Bedroom Apartments | $1,052 | $1,010 | $1,095 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond
Richmond, IN Local Guide
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Cheapest Available Richmond Apartments for Rent
 The cheapest available apartment rental in Richmond, IN is a 2 Beds unit found at Genesis Apartments priced from $660. Atlas Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Genesis Apartments | 2BD Classic | 2BR,1BA | $660 |
| Atlas Apartments | 1BR/1.0BA | 1BR,1BA | $775 |
| Adam H Bartell Lofts | VISTA | 1BR,1BA | $795 |
| Townehouse Village Apartments | Two Bedroom Gas | 2BR,1BA | $995 |
Best Value Apartments for Rent in Richmond, IN
As of May 07, 2026 the best value apartment in the Richmond area is the $0.81 price per square foot EXCALIBUR Model at Adam H Bartell Lofts in the starting from $895. The second greatest value Richmond apartment is the 238 Richmond Ave Model at 238 Richmond Ave, Unit 238 starting at $800 with a $0.80 price per square foot . 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. |
|---|---|---|---|
| Adam H Bartell Lofts | EXCALIBUR | 2BR,1BA | $0.81 |
| 238 Richmond Ave, Unit 238 | 238 Richmond Ave | 2BR,1.5BA | $0.80 |
| Townehouse Village Apartments | Two Bedroom Gas | 2BR,1.5BA | $1.02 |
| Genesis Apartments | 1BD R | 1BR,1BA | $0.96 |
| Atlas Apartments | 1BR/1.0BA | 1BR,1BA | $1.08 |
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, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richmond, IN Rentals by Map
See the most popular apartments and homes in Richmond, IN
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 $690 at Genesis 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 $660 at Genesis 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.