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

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Search the lowest-cost Apartments 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.

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Rosewood Terrace
Studio to 1 Bedroom Apartments

Rosewood Terrace

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

18 N 13th St

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

29 N 13th St

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

1308 N A St

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

321 N 9th St

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

314 N 9th St

314 N 9th StRichmond, IN 47374

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.

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109 Richmond Ave
1 Bedroom Apartments

109 Richmond Ave

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

Ivy Green

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

Royal Oaks Apartments

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

Music City Place

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

Rose Stone Apartments

3823 S A StRichmond, IN 47374
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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6512 US 27 S
1 to 2 Bedroom Apartments

6512 US 27 S

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

Rustic Acres

4924 US Highway 35 NRichmond, IN 47374

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.

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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 1 Bed unit found at Genesis Apartments priced from $690. 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 Apartments1BD/ 1 BA1BR,1BA$690
Atlas Apartments1BR/1.0BA1BR,1BA$775
Adam H Bartell LoftsVISTA1BR,1BA$795
Townehouse Village ApartmentsTwo Bedroom Electric2BR,1BA$995

Best Value Apartments for Rent in Richmond, IN

As of August 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 Two Bedroom Electric Model at Townehouse Village Apartments starting at $995 with a $0.98 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 Electric2BR,1.5BA$0.98
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.

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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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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.

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

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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 $790 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

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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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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.

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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.

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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.