Cheap Apartments for Rent in Richmond, MN from $400 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.

Driftwood Apartments
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.

Total Monthly Price
Bright River Estates

Auburn Cove Apartments., LLC

Waite Park Crossing
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.

703 W Main St
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 | $1,092 | $720 | $1,499 |
| Richmond 1 Bedroom Apartments | $1,076 | $685 | $1,555 |
| Richmond 2 Bedroom Apartments | $1,314 | $844 | $2,700 |
| Richmond 3 Bedroom Apartments | $1,494 | $1,015 | $1,955 |
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 Studio unit found at Driftwood Apartments in the West Saint Cloud neighborhood priced from $720. Waite Park Crossing in the Pantown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Driftwood Apartments | Studio | Studio,1BA | $720 |
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $795 |
| Auburn Cove Apartments., LLC | 1 bedroom | 1BR,1BA | $795 |
Best Value Apartments for Rent in Richmond, MN and Nearby
As of January 01, 2026 the best value apartment in the Richmond area is the $1.34 price per square foot Two Bedroom/ One Bathroom Model at Sunny Ville in the in the West Saint Cloud neighborhood starting from $1,520. The second greatest value Richmond apartment is the Clemens Model at Park Meadows starting at $1,172 with a $1.07 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. |
|---|---|---|---|
| Sunny Ville | Two Bedroom/ One Bathroom | 2BR,1BA | $1.34 |
| Park Meadows | Clemens | 3BR,1BA | $1.07 |
| Savanna Apartments | C | 2BR,1BA | $1.17 |
| Suncrest Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $0.98 |
| Jacobs Square Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.26 |
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $1.19 |
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $1.06 |
| Driftwood Apartments | Studio | Studio ,1BA | $1.18 |
| Auburn Cove Apartments., LLC | 1 bedroom | 1BR,1BA | $1.30 |
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?
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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 Driftwood Apartments listed at $720.
How much is rent for a Cheap One Bedroom Richmond Apartment?
The lowest price for a Cheap One Bedroom Richmond Apartment is $780 at Driftwood 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 $880 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 $1,015.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

