Cheap Apartments for Rent in Richmond, MO from $645 (45 Rentals)

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

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.

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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.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Hillside Apartments
Studio to 2 Bedroom Apartments

Hillside Apartments

414 Hillside DrIndependence, MO 64050
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Stoneybrook Apartments
1 to 2 Bedroom Apartments

Stoneybrook Apartments

17013 E US Highway 24Independence, MO 64056
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The Lofts at Bridgewood
1 to 3 Bedroom Apartments

The Lofts at Bridgewood

500 SE Salem StOak Grove, MO 64075
Corporate Housing
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Royal Valley
1 to 2 Bedroom Apartments

Royal Valley

1200 S Mo-7 HwyBlue Springs, MO 64015
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Burr Oak Woods
1 to 2 Bedroom Apartments

Burr Oak Woods

3403 NW Duncan RdBlue Springs, MO 64015

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.

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Showing Results 1-45, Page 1 of 1

Richmond, MO Local Guide

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, MO is a 1 Bed unit found at Hampton Place Apartments in the Blue Springs Manor South neighborhood priced from $845. Arrow Apartments in the Spring Branch neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hampton Place Apartments1x11BR, 1BA$845
Arrow ApartmentsStudio - 432 SFStudio, 1BA$850
Autumn Place1Bd/1Ba1BR, 1BA$875
Independence Tower1/1R1BR, 1BA$890
Oaks Apartments1Bd1BR, 1BA$900
Jefferson ParkJackson1BR, 1BA$939
The LodgeOak1BR, 1BA$993
Indy Ridge1 Bed 1 Bath1BR, 1BA$1,120
Regency Manor IITwo Bed One Bath2BR, 1BA$1,150
City Homes at Fall CreekJuniper1BR, 1BA$1,175

Best Value Apartments for Rent in Richmond, MO and Nearby

As of September 29, 2026 the best value apartment in the Richmond area is the $1.18 price per square foot 3A Model at Brookwood Village Townhomes in the Blue Springs Manor South neighborhood starting from $1,620. The second greatest value Richmond apartment is the 3 bedroom, 1 car garage Model at Lakeview Crossing in the Blue Springs Manor South neighborhood starting at $1,876 with a $1.43 price per square foot. 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.
Brookwood Village Townhomes3A3BR, 1.5BA$1.18
Lakeview Crossing3 bedroom, 1 car garage3BR, 2.5BA$1.43
Chapman Ridge TownhomesBirch2BR, 2.5BA$1.28
Westchester Village of Oak Grove418B3BR, 2BA$1.14
The Ridge of Blue SpringsTwo Bedroom Two Bath2BR, 2BA$1.32
The Arbor Apartments and TownhomesCypress2BR, 1BA$1.41
Hillside Apartments2-Bedrooms2BR, 2BA$1.37
City Homes at Fall CreekJuniper1BR, 1BA$1.38
Autumn Place1Bd/1Ba1BR, 1BA$1.20
Hampton Place Apartments1x11BR, 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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick 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.

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Richmond, MO

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

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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 Arrow Apartments listed at $850.

How much is rent for a Cheap One Bedroom Richmond Apartment?

The lowest price for a Cheap One Bedroom Richmond Apartment is $845 at Hampton Place 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 $995 at Independence Tower.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at Westchester Village of Oak Grove and starts from $1,200.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.