
Cheap Apartments for Rent near Richmond, ON from $525 (111 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


Arbor Village Hollington

1196 Shillington

324 Cambridge

Lord Richmond

King Edward Avenue

Phoenix Apartments

Windfields III

57 Bayswater

Forest Ridge
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.

Avalon Park

Britannia Park

1276 Dorchester

Bromley Square

Parkway Park

Castle Towers

Richmond Park Square

Baseline

Riviera Gate

Wentworth Arms
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.

Crystal Beach

Edgeworth

COVE

61 McEwen

William Mosgrove Tower

Britannia by the Bay

Aalto II

Island Park Towers

Windfields

Parkway Towers
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.

Château golf

Total Monthly Price
Rhythm

Aspen Towers

Gemini Tower

The Dale

Pinewood Heights

The Slayte

Orion - Accora Village

Blackstone Village

LIV Apartments
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.

Playfair Residences

Vista Local

Deschenes Court - Moodie - Accora Village

150 Marketplace

Willowbrook Apartments

The Woods at 180 Kanata Avenue

The Palmer Residences

Williams Court D and G

Sophia Apartments

Total Monthly Price
Riviera Suites
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.
Richmond, ON Local Guide
How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $1,756 | $995 | $5,155 |
| Richmond 1 Bedroom Apartments | $2,021 | $1,109 | $5,765 |
| Richmond 2 Bedroom Apartments | $2,648 | $1,075 | $4,220 |
| Richmond 3 Bedroom Apartments | $2,192 | $1,129 | $3,039 |
| Richmond 4 Bedroom Apartments | $1,263 | $525 | $1,555 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond
Richmond, ON Local Guide
- Nearby Cities
Cheapest Available Richmond Apartments for Rent and Nearby
 The cheapest available apartment rental in Richmond, ON is a 1 Bed unit found at 27 Lucerne in the Gatineau neighborhood priced from $1,115. Revalie in the East Central neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,179. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 27 Lucerne | 1 Bedroom Promotional Pricing for 8 Months | 1BR,1BA | $1,115 |
| Revalie | 2x2E | 2BR,2BA | $1,179 |
| Voda | Bow II | Co-living | 4BR,4BA | $1,255 |
| 324 Cambridge | Studio* | Studio,1BA | $1,328 |
| King Edward Avenue | 485 King Edward Ave - Plan A | 1BR,1BA | $1,349 |
| 225 MacLaren | 225 MacLaren St - Plan C | Studio,1BA | $1,425 |
| Forest Ridge | 1 Bedroom Promotional Price For First 8 Months* | 1BR,1BA | $1,456 |
| Britannia Park | Britannia (368, 372 Zephyr) - Bach Plan B | Studio,1BA | $1,475 |
| Arbor Village Hollington | 1030 Hollington - Studio Plan A | Studio,1BA | $1,499 |
| Parkway Park | 1 Bedroom Promotional Price For First 8 Months* | 1BR,1BA | $1,508 |
Best Value Apartments for Rent in Richmond, ON and Nearby
As of September 07, 2026 the best value apartment in the Richmond area is the $0.61 price per square foot 4 Bedroom x 3 Bathroom Model at Woodroffe Place in the in the Nepean Kanata neighborhood starting from $1,060. The second greatest value Richmond apartment is the Ramsey - Sapphire Terrace Model at Mountshannon starting at $2,250 with a $1.91 price per square foot in the Nepean Kanata 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. |
|---|---|---|---|
| Woodroffe Place | 4 Bedroom x 3 Bathroom | 4BR,3BA | $0.61 |
| Mountshannon | Ramsey - Sapphire Terrace | 2BR,2.5BA | $1.91 |
| Park Ridge Place I-III | 2 Bedroom | 2BR,2BA | $2.35 |
| Grant Court | Ledgestone End - Lower | 2BR,2BA | $2.05 |
| Château golf | Penthouse + loft | 1BR,1BA | $2.17 |
| Townhomes - Accora Village | Townhome 2A | 2BR,1.5BA | $2.32 |
| Britannia Beach | 2776 Rowatt D - Duplex | 3BR,1BA | $2.39 |
| 122 Conservancy Dr | Two Bedroom | 2BR,1.5BA | $2.20 |
| Parkway Towers | 2 Bedroom A | 2BR,1BA | $2.30 |
| Richmond Park Square | 1 Bedroom | 1BR,1BA | $2.38 |
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 ArticleNavigating 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.
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, ON Rentals by Map
See the most popular apartments and homes in Richmond, ON
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 324 Cambridge listed at $1,328.
How much is rent for a Cheap One Bedroom Richmond Apartment?
The lowest price for a Cheap One Bedroom Richmond Apartment is $1,115 at 27 Lucerne.
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 $1,179 at Revalie.
What is the most affordable Richmond Three Bedroom Apartment?
The best deal on a cheap Richmond Three Bedroom Apartment rental is at Britannia Beach and starts from $2,090.
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.

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.