Cheap Homes for Rent near Richmond, ON from $2,400 (26 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.

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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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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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Showing Results 1-26, Page 1 of 1

Richmond, ON Local Guide

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 ListingModel NameBed/BathPriced From
27 Lucerne1 Bedroom Promotional Pricing for 8 Months1BR,1BA$1,115
Revalie2x2E2BR,2BA$1,179
VodaBow II | Co-living4BR,4BA$1,255
324 CambridgeStudio*Studio,1BA$1,328
King Edward Avenue485 King Edward Ave - Plan A1BR,1BA$1,349
225 MacLaren225 MacLaren St - Plan CStudio,1BA$1,425
Forest Ridge1 Bedroom Promotional Price For First 8 Months*1BR,1BA$1,456
Britannia ParkBritannia (368, 372 Zephyr) - Bach Plan BStudio,1BA$1,475
Arbor Village Hollington1030 Hollington - Studio Plan AStudio,1BA$1,499
Parkway Park1 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Woodroffe Place4 Bedroom x 3 Bathroom4BR,3BA$0.61
MountshannonRamsey - Sapphire Terrace2BR,2.5BA$1.91
Park Ridge Place I-III2 Bedroom2BR,2BA$2.35
Grant CourtLedgestone End - Lower2BR,2BA$2.05
Château golfPenthouse + loft1BR,1BA$2.17
Townhomes - Accora VillageTownhome 2A2BR,1.5BA$2.32
Britannia Beach2776 Rowatt D - Duplex3BR,1BA$2.39
122 Conservancy DrTwo Bedroom2BR,1.5BA$2.20
Parkway Towers2 Bedroom A2BR,1BA$2.30
Richmond Park Square1 Bedroom1BR,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.

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

Explore Richmond, ON Rentals by Map

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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 95 Apartments for Rent in Richmond, ON with pricing that ranges from $525 to $5,765. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $2,400 to $3,500.

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 $2,400 to $3,500 with an average monthly rent of $2,623.

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 $1,129 to $3,039, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $2,800. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $525.

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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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.

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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.