Cheap Homes for Rent in Richmond, IN from $500 (17 Rentals)

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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.

property at 230 Kinsey St

$600 - $700

1 Bedroom Rentals

Available Now

230 Kinsey St

RichmondIN47374

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.

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.

Richmond, IN Local Guide

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 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 Gas2BR,1BA$995

Best Value Apartments for Rent in Richmond, IN and Nearby

As of July 29, 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
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 62 Apartments for Rent in Richmond, IN with pricing that ranges from $645 to $1,095. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $596 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 $596 to $5,625 with an average monthly rent of $2,820.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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.