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


Townehouse Village Apartments

Genesis Apartments

Chester Heights Apartments

Stonehenge
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.

Rosewood Terrace

18 N 13th St

29 N 13th St

1308 N A St

321 N 9th St

314 N 9th St
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.

420-424 N 15th St

109 Richmond Ave

Ivy Green

Royal Oaks Apartments

Music City Place

Rose Stone Apartments
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.

Village at Whitewater

East Ridge Apartments

Genesis Apartments LLC

9 North Apartments

6512 US 27 S

Rustic Acres
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.

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 | $776 | $645 | $900 |
| Richmond 2 Bedroom Apartments | $898 | $790 | $1,065 |
| Richmond 3 Bedroom Apartments | $1,060 | $1,010 | $1,110 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Genesis Apartments | 1BD/ 1 BA | 1BR,1BA | $690 |
| Atlas Apartments | 1BR/1.0BA | 1BR,1BA | $775 |
| Adam H Bartell Lofts | VISTA | 1BR,1BA | $795 |
| Townehouse Village Apartments | Two Bedroom Electric | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Adam H Bartell Lofts | EXCALIBUR | 2BR,1BA | $0.81 |
| Townehouse Village Apartments | Two Bedroom Electric | 2BR,1.5BA | $0.98 |
| Genesis Apartments | 1BD/ 1 BA | 1BR,1BA | $0.92 |
| 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 $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

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.

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.

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.

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.
