
Cheap Apartments for Rent in Richmond, MN from $750 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


812 6th Ave S

815 5th Ave S

718 6th Ave S

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Driftwood Apartments

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Bright River Estates

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Auburn Cove Apartments., LLC

St. Anthony's Manor
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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Westchester Apartments

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Clover Hill Apartments

Oak Place Apartments

Waite Park Crossing

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Park Meadows

Westwood Village

Parkbury Villa

Cypress Court
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.

Jacobs Square Apartments

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Parkview Apartments

Suncrest Apartments

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THE LEGACY

Graceview Estates

134 Crossing

Westwood Parkway Estates

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Birch Spring Apartment Homes
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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Boulder Ridge Apartment Homes

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Gatewood

512 Maple Ln

519 14th St S

Pioneer Pointe

Park Villas

706 1st St S

Park Ridge Apartments
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.

154 3rd Ave
Richmond, MN Local Guide

How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $1,131 | $750 | $1,881 |
| Richmond 1 Bedroom Apartments | $1,143 | $779 | $1,851 |
| Richmond 2 Bedroom Apartments | $1,393 | $850 | $3,020 |
| Richmond 3 Bedroom Apartments | $1,644 | $1,059 | $3,095 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond
Richmond, MN Local Guide
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Cheapest Available Richmond Apartments for Rent and Nearby
 The cheapest available apartment rental in Richmond, MN is a 2 Beds unit found at Auburn Cove Apartments., LLC in the West Saint Cloud neighborhood priced from $850. Westchester Apartments in the West Saint Cloud neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $869. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $850 |
| Westchester Apartments | 2B1B - A - CONTACT FOR AVAILABILITY | 2BR,1BA | $869 |
| Waite Park Crossing | Two bedroom + One bathroom B | 2BR,1BA | $885 |
| Park Meadows | Stearns | 1BR,1BA | $907 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| Cypress Court | S5 | Studio,1BA | $1,060 |
| Boulder Ridge Apartment Homes | 1 Bedroom | 1BR,1BA | $1,070 |
| Gatewood | Iris | 2BR,1BA | $1,082 |
| Prosper West | A5R | 1BR,1BA | $1,126 |
| Riverview Lofts | 1 Bedroom and 1 Bath | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Richmond, MN and Nearby
As of August 27, 2026 the best value apartment in the Richmond area is the $1.30 price per square foot Cobalt 2 BD + Den - 2.5 BA Model at The Preserve at Stone Gate in the starting from $3,020. The second greatest value Richmond apartment is the Willow 2 BD - 2.5 BA (R) Model at Rivers Bend Cottage Homes starting at $2,450 with a $1.34 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. |
|---|---|---|---|
| The Preserve at Stone Gate | Cobalt 2 BD + Den - 2.5 BA | 2BR,2.5BA | $1.30 |
| Rivers Bend Cottage Homes | Willow 2 BD - 2.5 BA (R) | 2BR,2.5BA | $1.34 |
| Westwood Parkway Estates | Pavillion | 2BR,2BA | $1.43 |
| Park Meadows | Clemens | 3BR,1BA | $1.22 |
| Waite Park Crossing | Two bedroom + One bathroom B | 2BR,1BA | $0.87 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Gatewood | Iris | 2BR,1BA | $1.34 |
| Westchester Apartments | 2B1B - A - CONTACT FOR AVAILABILITY | 2BR,1BA | $1.16 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $1.14 |
| Boulder Ridge Apartment Homes | 1 Bedroom | 1BR,1BA | $1.55 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richmond, MN Rentals by Map
See the most popular apartments and homes in Richmond, MN
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 Cypress Court listed at $1,060.
How much is rent for a Cheap One Bedroom Richmond Apartment?
The lowest price for a Cheap One Bedroom Richmond Apartment is $907 at Park Meadows.
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 $850 at Auburn Cove Apartments., LLC.
What is the most affordable Richmond Three Bedroom Apartment?
The best deal on a cheap Richmond Three Bedroom Apartment rental is at Westwood Village and starts from $1,060.
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.

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.

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.