Cheap Homes for Rent near Richmond, MN from $400 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Richmond.

property at 815 5th Ave S

$400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$400

Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

815 5th Ave S

St. CloudMN56301
property at 512 Maple Ln

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848

Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

512 Maple Ln

Grove CityMN56243
property at 313 5th St S

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848

Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

313 5th St S

Grove CityMN56243
property at 519 14th St S

$895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Townhome for Rent

Available Now

519 14th St S

St. CloudMN56301
property at 216 5th St SW

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

216 5th St SW

Little FallsMN56345

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.

property at 404 16th Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

404 16th Ave SW

WillmarMN56201
property at 154 3rd Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

154 3rd Ave

SpicerMN56288
property at 60 Birch Ave S

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

60 Birch Ave S

Maple LakeMN55358
property at 325 Litchfield Ave SE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

325 Litchfield Ave SE

WillmarMN56201
property at 604 White St SW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388

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

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 ListingModel NameBed/BathPriced From
Waite Park CrossingOne bedroom + One bathroom1BR,1BA$795
Driftwood Apartments1B/1B1BR,1BA$810
Auburn Cove Apartments., LLC2 bedroom small2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Boulder Ridge Apartment HomesTamarack3BR,2BA$1.27
Parkbury Villa2 Bed/ 2 Bath2BR,2BA$1.04
Park MeadowsClemens3BR,1BA$1.25
Westwood VillageTwo bedroom/ One bathroom2BR,1BA$1.02
Bright River Estates2B1B SPLIT2BR,1BA$1.14
Waite Park CrossingOne bedroom + One bathroom1BR,1BA$1.06
Auburn Cove Apartments., LLC2 bedroom small2BR,1BA$1.14
Riverview Lofts1 Bedroom and 1 Bath1BR,1BA$1.42
Suncrest Apartments1 bedroom1BR,1BA$1.29
Driftwood Apartments1B/1B1BR,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.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.