
Cheap Homes for Rent in Richmond, IN from $675 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


1916 SW E St

408 E North St

125 W Chestnut St

1392 N 200 W

758 Beeson Dr

293 E Main St
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.

424 S Miami Ave

309 W 11th St

1211 S E St

106 W Harmon Dr

522 Holderman Pl

116 E Main St

733 S 7th 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.
Richmond, IN Local Guide

How much does it cost to rent a home in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond 2 Bedroom Homes for Rent | $1,050 | $675 | $1,650 |
| Richmond 3 Bedroom Homes for Rent | $1,327 | $850 | $2,900 |
| Richmond 4 Bedroom Homes for Rent | $3,687 | $1,150 | $5,625 |
| Richmond 5 Bedroom Homes for Rent | $5,166 | $5,000 | $5,333 |
| Richmond 6 Bedroom Homes for Rent | $5,166 | $5,000 | $5,333 |
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Richmond, IN Local Guide
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Cheapest Available Richmond Apartments for Rent and Nearby
 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 Gas | 2BR,1BA | $990 |
Best Value Apartments for Rent in Richmond, IN and Nearby
As of September 12, 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 $990 with a $1.01 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 Gas | 2BR,1.5BA | $1.01 |
| 131 S 7th St, Unit 131 Up | 131 S 7th St | 1BR,1BA | $0.81 |
| Genesis Apartments | 1BD/ 1 BA | 1BR,1BA | $0.92 |
| Atlas Apartments | 1BR/1.0BA | 1BR,1BA | $1.08 |
| 316 Richmond Ave, Unit 316.5 Richmond Avenue | 316 Richmond Ave | 1BR,1BA | $0.70 |
| 222 S 12th St, Unit 222 S. 12th Street | 222 S 12th St | 1BR,1BA | $0.97 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richmond, IN Rentals by Map
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Frequently Asked Questions about Richmond
What type of rentals are currently available in Richmond?
There are currently 67 Apartments for Rent in Richmond, IN with pricing that ranges from $475 to $1,100. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $675 to $5,625.
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 $675 to $5,625 with an average monthly rent of $2,282.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.

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.