
Cheap Homes for Rent in Richmond, IN from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


120 E Franklin St

230 Kinsey St

824 S 6th St

758 Beeson Dr

1702 Michigan Ave

200 S 8th St
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.

201 W Main St

125 W Chestnut St

921 NW D St

4 N Shawnee Plains Ct

1126 S 22nd St

700 W South St

2320 Plum St
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.
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 | $1,127 | $700 | $2,395 |
| Richmond 3 Bedroom Homes for Rent | $1,303 | $850 | $1,625 |
| Richmond 4 Bedroom Homes for Rent | $3,895 | $1,350 | $5,625 |
| Richmond 5 Bedroom Homes for Rent | $5,166 | $5,000 | $5,333 |
| Richmond 6 Bedroom Homes for Rent | $5,333 | $5,333 | $5,333 |
Browse Top Homes for Rent in Richmond
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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 | 1x1 Classic | 1BR,1BA | $690 |
| Atlas Apartments | 1BR/1.0BA | 1BR,1BA | $775 |
| Adam H Bartell Lofts | VISTA | 1BR,1BA | $795 |
| ROYAL OAKS APARTMENTS | 2 bedroom | 2BR,1BA | $925 |
| Townehouse Village Apartments | Two Bedroom Gas | 2BR,1BA | $995 |
Best Value Apartments for Rent in Richmond, IN and Nearby
As of February 06, 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 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 | $1.02 |
| Genesis Apartments | 2x1 Renovated | 2BR,1BA | $0.90 |
| 127 1/2 S 7th St, Unit Down | 127 1/2 S 7th St | 2BR,1BA | $0.75 |
| 131 S 7th St, Unit 131 Up | 131 S 7th St | 1BR,1BA | $0.72 |
| 133 S 7th St, Unit 133 down | 133 S 7th St | 1BR,1BA | $0.78 |
| Stonehenge | Two Bed Two Bath with Master Bed | 2BR,2BA | $1.23 |
| ROYAL OAKS APARTMENTS | 2 bedroom | 2BR,1BA | $1.08 |
| 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Richmond
What type of rentals are currently available in Richmond?
There are currently 64 Apartments for Rent in Richmond, IN with pricing that ranges from $650 to $1,095. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $550 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 $550 to $5,625 with an average monthly rent of $2,922.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.