Cheap Apartments for Rent in Richmond, IN from $300 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
Rosewood Terrace
Studio to 1 Bedroom Apartments

Rosewood Terrace

4100 S A StRichmond, IN 47374
Senior Living
close
View Me
18 N 13th St
3 Bedroom Apartments

18 N 13th St

18 N 13th StRichmond, IN 47374
close
View Me
29 N 13th St
1 Bedroom Apartments

29 N 13th St

29 N 13th StRichmond, IN 47374
close
View Me
1308 N A St
1 Bedroom Apartments

1308 N A St

1308 N A StRichmond, IN 47374
close
View Me
321 N 9th St
1 to 2 Bedroom Apartments

321 N 9th St

321 N 9th StRichmond, IN 47374
close
View Me
314 N 9th St
Studio Apartments

314 N 9th St

314 N 9th StRichmond, IN 47374

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.

close
View Me
109 Richmond Ave
1 Bedroom Apartments

109 Richmond Ave

109 Richmond AveRichmond, IN 47374
close
View Me
Ivy Green
2 to 3 Bedroom Apartments

Ivy Green

1300 S 18th StRichmond, IN 47374
Corporate Housing
  • Utilities Included
close
View Me
Royal Oaks Apartments
2 to 3 Bedroom Apartments

Royal Oaks Apartments

4100 Royal Oak DrRichmond, IN 47374
  • Utilities Included
close
View Me
Music City Place
Studio to 2 Bedroom Apartments

Music City Place

50 N 8th StRichmond, IN 47374
Senior Living
  • Utilities Included
close
View Me
Rose Stone Apartments
Studio to 2 Bedroom Apartments

Rose Stone Apartments

3823 S A StRichmond, IN 47374
  • Utilities Included

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.

close
View Me
6512 US 27 S
1 to 2 Bedroom Apartments

6512 US 27 S

6512 US 27 SRichmond, IN 47374
close
View Me
Rustic Acres
1 to 3 Bedroom Apartments

Rustic Acres

4924 US Highway 35 NRichmond, IN 47374

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.

close
View Me
Interfaith Housing
Studio to 1 Bedroom Apartments

Interfaith Housing

510 W Main StRichmond, IN 47374
Senior Living
  • Utilities Included

Richmond, IN Local Guide

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 ListingModel NameBed/BathPriced From
Genesis Apartments2 BD/1 BA2BR,1BA$660
Atlas Apartments1BR/1.0BA1BR,1BA$775
Adam H Bartell LoftsVISTA1BR,1BA$795
Townehouse Village ApartmentsTwo Bedroom Gas2BR,1BA$995
StonehengeTwo Bed One Bath2BR,1BA$1,000

Best Value Apartments for Rent in Richmond, IN

As of June 22, 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 Two Bedroom Gas Model at Townehouse Village Apartments starting at $995 with a $1.02 price per square foot . 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.
Adam H Bartell LoftsEXCALIBUR2BR,1BA$0.81
Townehouse Village ApartmentsTwo Bedroom Gas2BR,1.5BA$1.02
StonehengeTwo Bed One Bath2BR,1BA$1.16
Genesis Apartments1BD/ 1 BA1BR,1BA$0.92
Atlas Apartments1BR/1.0BA1BR,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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Richmond, IN Rentals by Map

View Map
Richmond, IN Apartments Map
View Map
Richmond, IN Rental Homes Map

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.