Cheap Homes for Rent in Richmond, MO from $700 (9 Rentals)

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Search the lowest-cost Homes 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.

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, MO Local Guide

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, MO is a Studio unit found at Independence Tower in the Spring Branch neighborhood priced from $760. Hampton Place Apartments in the Blue Springs Manor South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Independence TowerStudio /1Studio,1BA$760
Hampton Place Apartments1x11BR,1BA$845
Hillside Apartments1-Bedrooms1BR,1BA$849

Best Value Apartments for Rent in Richmond, MO and Nearby

As of July 22, 2026 the best value apartment in the Richmond area is the $1.37 price per square foot C1 Forestwood Model at Arabella in the in the Little Blue neighborhood starting from $1,777. The second greatest value Richmond apartment is the EBL-B2- Morgan Model at The Edison at Blue Springs starting at $1,559 with a $1.32 price per square foot in the Little Blue 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.
ArabellaC1 Forestwood2BR,2BA$1.37
The Edison at Blue SpringsEBL-B2- Morgan2BR,2BA$1.32
Westchester Village of Oak Grove418B3BR,2BA$1.14
Autumn Place2Bd/1.5Ba2BR,1.5BA$1.12
The LodgeRedwood2BR,1BA$1.34
Stoneybrook Apartments2 Bedroom 1 Bathroom2BR,1BA$1.09
Regency Manor IITwo Bed One Bath2BR,1BA$1.35
Cherokee VillageOne Bed One Bath1BR,1BA$1.27
Oaks Apartments1Bd1BR,1BA$1.36
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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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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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 54 Apartments for Rent in Richmond, MO with pricing that ranges from $645 to $4,284. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $700 to $2,530.

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 $700 to $2,530 with an average monthly rent of $1,473.

How much are larger Three and Four Bedroom Rentals in Richmond?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Richmond range from $1,067 to $3,208, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,530. Four Bedroom Single-Family rentals are also available starting from $2,299 and Four Bedroom Apartments start at $1,300.

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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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.

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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.

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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.