Cheap Homes for Rent in Richmond, IN from $600 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Richmond.

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.

Read Article
property at 200 S 8th St

200 S 8th St

RichmondIN47374

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-18, Page 1 of 1

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 Adam H Bartell Lofts priced from $695. Atlas Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Adam H Bartell LoftsVISTA1BR,1BA$695
Atlas Apartments1BR/1.0BA1BR,1BA$750
Townehouse Village ApartmentsTwo Bedroom Electric2BR,1BA$860

Best Value Apartments for Rent in Richmond, IN and Nearby

As of June 13, 2025 the best value apartment in the Richmond area is the $0.58 price per square foot 126 S 8th St Model at 126 S 8th St, Unit 126 in the starting from $820. The second greatest value Richmond apartment is the 135 S 6th St Model at 135 S 6th St, Unit 135 starting at $850 with a $0.77 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.
126 S 8th St, Unit 126126 S 8th St2BR,1BA$0.58
135 S 6th St, Unit 135135 S 6th St3BR,1BA$0.77
Adam H Bartell LoftsEXCALIBUR2BR,1BA$0.72
Townehouse Village ApartmentsTwo Bedroom Gas2BR,1.5BA$0.98
118 N 14th St, Unit 118 N. 14th.118 N 14th St2BR,1BA$0.61
130 S 12th St, Unit Upper130 S 12th St2BR,1BA$1.25
Richmond Flats3001 W Cart Rd2BR,2BA$0.81
Atlas Apartments1BR/1.0BA1BR,1BA$1.05

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 63 Apartments for Rent in Richmond, IN with pricing that ranges from $450 to $1,495. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $600 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 $600 to $5,625 with an average monthly rent of $2,761.

How much are larger Three and Four Bedroom Rentals in Richmond?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Richmond range from $849 to $1,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $450.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.