
Cheap Apartments for Rent in Richmond, ON from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


57 Bayswater

Arbor Village - 1030 & 1040 Hollington

Lord Richmond

Wentworth Arms

324 Cambridge

27 Lucerne & 87 Vanier

The Park West

Britannia Park
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.

Bromley Square

Arlington Apartments

Windfields III

Arbor Village - 1073 Hollington

Parkway Towers

61 McEwen

Edgeworth

Phoenix Apartments
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.

Arbor Village - 1196 Shillington

Carlton West

Riviera Gate

King Edward Avenue

Richmond Park Square

William Mosgrove Tower

Vista Local
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

LIV Apartments

Story of Rideau & Chapel

The Slayte

Lord Halifax Place

Britannia by the Bay

726 Perseus Av

15-33 De Bruxelles Rue
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

176 Bd de la Cité-des-Jeunes

1675 Baseline Rd

345 Wilfrid-Lavigne Boul

115 Dalhousie St
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.
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 | $1,552 | $1,225 | $2,020 |
| Richmond 1 Bedroom Apartments | $2,021 | $1,349 | $3,290 |
| Richmond 2 Bedroom Apartments | $2,672 | $1,075 | $6,600 |
| Richmond 3 Bedroom Apartments | $2,440 | $1,370 | $3,600 |
| Richmond 4 Bedroom Apartments | $1,291 | $525 | $1,470 |
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 Studio unit found at Island Park Towers in the Nepean Kanata neighborhood priced from $1,225. 57 Bayswater in the Nepean Kanata neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,249. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Island Park Towers | Bachelor | Studio,1BA | $1,225 |
| 57 Bayswater | Studio Promotional Price For First 8 Months* | Studio,1BA | $1,249 |
| Arbor Village - 1030 & 1040 Hollington | Studio Promotion for 8 Months | Studio,1BA | $1,249 |
| Lord Richmond | Bachelor | Studio,1BA | $1,275 |
| Wentworth Arms | Bachelor | Studio,1BA | $1,295 |
| 324 Cambridge | 324 Cambridge - Plan A | Studio,1BA | $1,312 |
| 27 Lucerne & 87 Vanier | 27 Lucerne - Plan B | 1BR,1BA | $1,349 |
| Britannia Park | Britannia (368, 372 Zephyr) - Bach Plan A | Studio,1BA | $1,369 |
| Bromley Square | Bachelor | Studio,1BA | $1,399 |
| Windfields III | 1 Bedroom | 1BR,1BA | $1,449 |
Best Value Apartments for Rent in Richmond, ON and Nearby
As of December 28, 2025 the best value apartment in the Richmond area is the $2.50 price per square foot Britannia Beach - Townhome Model at Britannia Beach in the in the Nepean Kanata neighborhood starting from $2,699. The second greatest value Richmond apartment is the Townhome 2B Model at Townhomes - Accora Village starting at $2,528 with a $2.35 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. |
|---|---|---|---|
| Britannia Beach | Britannia Beach - Townhome | 3BR,1.5BA | $2.50 |
| Townhomes - Accora Village | Townhome 2B | 2BR,1.5BA | $2.35 |
| William's Court D & G | 1 Bedroom + Den | 1BR,1BA | $2.45 |
| Willowbrook Apartments | 2 Bedroom | 2BR,1BA | $2.42 |
| Crystal Beach | 2A Crystal Beach - Plan A | 2BR,1BA | $2.43 |
| Riviera Gate | 1 Bedroom | 1BR,1BA | $2.16 |
| King Edward Avenue | 485 King Edward - Plan A | 1BR,1BA | $2.40 |
| Richmond Park Square | 1 Bedroom | 1BR,1BA | $2.50 |
| Edgeworth | 1 Bedroom | 1BR,1BA | $2.46 |
| Parkway Towers | 1 Bedroom A | 1BR,1BA | $2.50 |
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 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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 Island Park Towers listed at $1,225.
How much is rent for a Cheap One Bedroom Richmond Apartment?
The lowest price for a Cheap One Bedroom Richmond Apartment is $1,349 at 27 Lucerne & 87 Vanier.
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 $1,715 at Phoenix Apartments.
What is the most affordable Richmond Three Bedroom Apartment?
The best deal on a cheap Richmond Three Bedroom Apartment rental is at Crystal Beach and starts from $2,299.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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!









