
Cheap Homes for Rent near Richmond, MN from $400 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


512 Maple Ln

313 5th St S

519 14th St S

216 5th St SW
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.

404 16th Ave SW

154 3rd Ave

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 a home in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond 2 Bedroom Homes for Rent | $1,350 | $895 | $2,295 |
| Richmond 3 Bedroom Homes for Rent | $2,165 | $1,800 | $2,495 |
| Richmond 4 Bedroom Homes for Rent | $2,264 | $1,500 | $3,495 |
| Richmond 5 Bedroom Homes for Rent | $3,550 | $2,600 | $4,500 |
| Richmond 6 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Richmond
Explore Richmond
Richmond, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Driftwood Apartments in the West Saint Cloud neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. 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 |
| Driftwood Apartments | 1B/1B | 1BR,1BA | $810 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $850 |
Best Value Apartments for Rent in Richmond, MN and Nearby
As of July 21, 2026 the best value apartment in the Richmond area is the $1.27 price per square foot Tamarack Model at Boulder Ridge Apartment Homes in the starting from $1,679. The second greatest value Richmond apartment is the 2 Bed/ 2 Bath Model at Parkbury Villa starting at $1,295 with a $1.04 price per square foot in the West Saint Cloud 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. |
|---|---|---|---|
| Boulder Ridge Apartment Homes | Tamarack | 3BR,2BA | $1.27 |
| Parkbury Villa | 2 Bed/ 2 Bath | 2BR,2BA | $1.04 |
| Park Meadows | Clemens | 3BR,1BA | $1.25 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Bright River Estates | 2B1B SPLIT | 2BR,1BA | $1.14 |
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $1.06 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $1.14 |
| Riverview Lofts | 1 Bedroom and 1 Bath | 1BR,1BA | $1.42 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
| Driftwood Apartments | 1B/1B | 1BR,1BA | $1.19 |
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 Richmond
What type of rentals are currently available in Richmond?
There are currently 45 Apartments for Rent in Richmond, MN with pricing that ranges from $750 to $3,020. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $400 to $4,500.
What is the current price range for Rental Homes in Richmond?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Richmond ranges from $400 to $4,500 with an average monthly rent of $2,031.
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.

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.