
Cheap Apartments for Rent in Richmond, MN from $400 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


815 5th Ave S

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Driftwood Apartments

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Bright River Estates

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Auburn Cove Apartments., LLC

Waite Park Crossing

Sunny Ville

St. Anthony's Manor

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Westchester 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.

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Clover Hill Apartments

Oak Place Apartments

Suncrest Apartments

Jacobs Square Apartments

Westwood Village

Cypress Court

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Parkview Apartments

Graceview Estates

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Park Meadows
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.

134 Crossing

Westwood Parkway Estates

The Oaks on 20th

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THE LEGACY

Riverview Lofts

Boulder Ridge Apartment Homes

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Birch Spring Apartment Homes

Prosper West

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Gatewood
Cash 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.

Community Park Apartment Homes

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Joetown Apartment Homes

Granite Landing

Parkbury Villa

54 Birch Ave S

313 5th St S

512 Maple Ln

619 S Armstrong Ave

519 14th St S
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.

8330 Cedar St

Pioneer Pointe

Park Villas

216 5th St SW

404 16th Ave SW

Park Ridge Apartments

60 Birch Ave S

325 Litchfield Ave SE

604 White St SW
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.
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 | $1,088 | $750 | $1,877 |
| Richmond 1 Bedroom Apartments | $1,123 | $779 | $1,851 |
| Richmond 2 Bedroom Apartments | $1,365 | $850 | $3,020 |
| Richmond 3 Bedroom Apartments | $1,592 | $1,059 | $2,991 |
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 1 Bed unit found at Waite Park Crossing in the Pantown neighborhood priced from $795. Auburn Cove Apartments., LLC in the West Saint Cloud neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $795 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $850 |
| Bright River Estates | 2B1B SPLIT | 2BR,1BA | $879 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $900 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| Westchester Apartments | 2B1B SPLIT | 2BR,1BA | $944 |
| Park Meadows | Stearns | 1BR,1BA | $999 |
| Riverview Lofts | 1 Bedroom and 1 Bath | 1BR,1BA | $1,050 |
| Prosper West | A5R | 1BR,1BA | $1,102 |
| Cypress Court | S4 | Studio,1BA | $1,105 |
Best Value Apartments for Rent in Richmond, MN and Nearby
As of July 12, 2026 the best value apartment in the Richmond area is the $0.93 price per square foot 3 Bed 2 Bath Single Section Model at Bel Clare Estates in the starting from $1,349. The second greatest value Richmond apartment is the Clemens Model at Park Meadows starting at $1,374 with a $1.25 price per square foot in the Pantown neighborhood. 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. |
|---|---|---|---|
| Bel Clare Estates | 3 Bed 2 Bath Single Section | 3BR,2BA | $0.93 |
| Park Meadows | Clemens | 3BR,1BA | $1.25 |
| Graceview Estates | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.29 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Parkbury Villa | 2 Bed/1 Bath corner | 2BR,1BA | $1.33 |
| Westchester Apartments | 2B1B SPLIT | 2BR,1BA | $1.11 |
| Bright River Estates | 2B1B A | 2BR,1BA | $1.22 |
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $1.06 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $1.14 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
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 $1,105.
How much is rent for a Cheap One Bedroom Richmond Apartment?
The lowest price for a Cheap One Bedroom Richmond Apartment is $795 at Waite Park Crossing.
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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.