Cheap Apartments for Rent in Richmond, MI from $600 (39 Rentals)

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

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67748 S Main St
1 to 2 Bedroom Apartments

67748 S Main St

67748 S Main StRichmond, MI 48062
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Richmond Place
3 Bedroom Apartments

Richmond Place

36401 Division RdRichmond, MI 48062
  • Utilities Included

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.

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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.

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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.

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Legacy on Riverside
1 to 2 Bedroom Apartments

Legacy on Riverside

1519 S Riverside AveSt Clair, MI 48079
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39499 Muffatt St
1 Bedroom Apartments

39499 Muffatt St

39499 Muffatt StHarrison Township, MI 48045
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51364 Ashbury Ct
1 to 2 Bedroom Apartments

51364 Ashbury Ct

51364 Ashbury CtChesterfield, MI 48047
property at 119 Floral Ave

$1,250

2 Bedroom Rentals

Available Now

119 Floral Ave

Mount ClemensMI48043

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.

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property at 48677 Sugarbush Rd

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Now

48677 Sugarbush Rd, Unit 1

48677 Sugarbush Rd
ChesterfieldMI48047
Showing Results 1-39, Page 1 of 1

Richmond, MI Local Guide

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, MI is a Studio unit found at Aspen Grove Apartments in the St. Clair County neighborhood priced from $820. Anchor Bay Apartments in the New Baltimore Historic District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aspen Grove ApartmentsStudioStudio,1BA$820
Anchor Bay Apartments1 Bedroom1BR,1BA$850
Sugarbush Run ApartmentsSugarbush Run Apartments2BR,1BA$895
Holiday Garden Apartments1 Bed 1 Bath1BR,1BA$900
Chesterfield ManorOne Bedroom1BR,1BA$925
Aspen Creek ApartmentsOne Bedroom1BR,1BA$965
Eagles Landing of WashingtonThe Harding Includes Heat1BR,1BA$975
Waters Edge Estates1/11BR,1BA$985
Belle River ApartmentsOne Bedroom with Deck1BR,1BA$995
The Harbours ApartmentsWinterberry1BR,1BA$1,106

Best Value Apartments for Rent in Richmond, MI and Nearby

As of July 28, 2026 the best value apartment in the Richmond area is the $1.25 price per square foot I & J Style Model at Casa Mia Apartments in the in the New Baltimore neighborhood starting from $1,600. The second greatest value Richmond apartment is the 2 Bed 2 Bath Single Section Model at Springbrook Estates starting at $1,299 with a $1.16 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.
Casa Mia ApartmentsI & J Style2BR,2BA$1.25
Springbrook Estates2 Bed 2 Bath Single Section2BR,2BA$1.16
Dutton EstatesTwo Bedroom One Bathroom2BR,1BA$1.28
Gray Estates ApartmentsTwo Bedroom One Bath2BR,1BA$1.20
Anchor Bay Apartments1 Bedroom1BR,1BA$0.89
Sugarbush Run ApartmentsSugarbush Run Apartments2BR,1.5BA$0.99
Belle River ApartmentsOne Bedroom with Deck1BR,1BA$1.19
Aspen Creek ApartmentsOne Bedroom1BR,1.5BA$1.18
Holiday Garden Apartments1 Bed 1 Bath1BR,1BA$1.13
Chesterfield ManorOne Bedroom1BR,1BA$1.16

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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Richmond Apartments

What is the Cheapest Studio apartment in Richmond?

Currently the most affordable Cheap Studio Apartment in Richmond is at Aspen Grove Apartments listed at $820.

How much is rent for a Cheap One Bedroom Richmond Apartment?

The lowest price for a Cheap One Bedroom Richmond Apartment is $850 at Anchor Bay 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 $895 at Sugarbush Run Apartments.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at Springbrook Estates and starts from $1,309.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.