
Cheap Homes for Rent in Richmond, MN from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


703 W Main St

975 S Armstrong Ave

210 6th St
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.

1220 10th Ave N

751 5th St

551 Milky Way St S

1035 Division St E
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.
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 | $1,162 | $795 | $1,900 |
| Richmond 3 Bedroom Homes for Rent | $1,691 | $795 | $2,500 |
| Richmond 4 Bedroom Homes for Rent | $2,114 | $1,400 | $3,800 |
| Richmond 5 Bedroom Homes for Rent | $2,318 | $1,600 | $3,180 |
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 Bright River Estates in the Pantown neighborhood priced from $764. 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 |
|---|---|---|---|
| Bright River Estates | 1B1B - CONTACT FOR AVAILABILITY | 1BR,1BA | $764 |
| 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 November 10, 2025 the best value apartment in the Richmond area is the $1.29 price per square foot Lotus Model at Gatewood in the in the Pantown neighborhood starting from $1,482. The second greatest value Richmond apartment is the Clemens Model at Park Meadows starting at $1,312 with a $1.19 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. |
|---|---|---|---|
| Gatewood | Lotus | 3BR,2BA | $1.29 |
| Park Meadows | Clemens | 3BR,1BA | $1.19 |
| Driftwood Apartments | 2B/1B | 2BR,1BA | $0.99 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $0.98 |
| Suncrest Apartments | 2 Bedroom | 2BR,1BA | $1.11 |
| Jacobs Square Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.26 |
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $1.19 |
| THE LEGACY | Cumulus | 1BR,1BA | $1.27 |
| Waite Park Crossing | One bedroom + One bathroom | 1BR,1BA | $1.06 |
| Bright River Estates | 1B1B - A - CONTACT FOR AVAILABILITY | 1BR,1BA | $1.29 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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 44 Apartments for Rent in Richmond, MN with pricing that ranges from $705 to $2,700. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $475 to $3,800.
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 $475 to $3,800 with an average monthly rent of $1,592.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.