
Cheap Apartments for Rent in Richmond, MN from $400 (39 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

Waite Park Crossing

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Auburn Cove Apartments., LLC

Oak Place Apartments

134 21st Ave N

Sunny Ville
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.

Suncrest Apartments

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Westchester Apartments

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Clover Hill Apartments

Parkbury Villa

Jacobs Square Apartments

Westwood Village

Pioneer Pointe

Cypress Court

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Parkview Apartments
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.

Savanna Apartments

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Park Meadows

Graceview Estates

Westwood Parkway Estates

134 Crossing

Prosper West

Avon Estates

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THE LEGACY

Riverview Lofts
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.

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Birch Spring Apartment Homes

Boulder Ridge Apartment Homes

539 Pacific Ave SW

704 1st St S

311 5th St S

512 Maple Ln

Park Villas

910 E 2nd St

6445 132nd Ave NE
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.

Park Ridge Apartments

255 6th Ave NE

812 6th St SE
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 | $1,098 | $750 | $1,340 |
| Richmond 1 Bedroom Apartments | $1,091 | $779 | $1,646 |
| Richmond 2 Bedroom Apartments | $1,339 | $850 | $3,020 |
| Richmond 3 Bedroom Apartments | $1,611 | $1,039 | $2,991 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond
Richmond, MN Local Guide
- Nearby Cities
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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 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 |
|---|---|---|---|
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $795 |
| Auburn Cove Apartments., LLC | 1 bedroom | 1BR,1BA | $795 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $830 |
| Parkbury Villa | 1 Bed/ 1 Bath | 1BR,1BA | $875 |
| Driftwood Apartments | 2B/1B | 2BR,1BA | $920 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $925 |
| Savanna Apartments | A | 1BR,1BA | $940 |
| Park Meadows | Stearns | 1BR,1BA | $987 |
| Prosper West | A1R | 1BR,1BA | $1,011 |
Best Value Apartments for Rent in Richmond, MN and Nearby
As of April 08, 2026 the best value apartment in the Richmond area is the $1.28 price per square foot 2 Bed 2 Bath Single Section Model at Bel Clare Estates in the starting from $1,349. The second greatest value Richmond apartment is the 1 Bedroom Model at Boulder Ridge Apartment Homes starting at $1,075 with a $1.13 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. |
|---|---|---|---|
| Bel Clare Estates | 2 Bed 2 Bath Single Section | 2BR,2BA | $1.28 |
| Boulder Ridge Apartment Homes | 1 Bedroom | 2BR,2BA | $1.13 |
| Driftwood Apartments | 2B/1B | 2BR,1BA | $0.99 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Park Meadows | Stearns | 1BR,1BA | $1.23 |
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $1.19 |
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $1.06 |
| Savanna Apartments | A | 1BR,1BA | $1.26 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.19 |
| Auburn Cove Apartments., LLC | 1 bedroom | 1BR,1BA | $1.30 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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?
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 $1,208.
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 $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 $1,060.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.