Cheap Apartments for Rent in Richmond, RI from $1,000 (20 Rentals)

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

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.

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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.

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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.

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Showing Results 1-20, Page 1 of 1

Richmond, RI Local Guide

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, RI is a 2 Beds unit found at Soria priced from $1,107. Moosup Gardens Townhomes in the Central Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,528. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Soria2 Bedroom2BR,1BA$1,107
Moosup Gardens TownhomesTulip1BR,1BA$1,528
Bayside Village1 Bed, 1 bath1BR,1BA$1,606
Heritage Green ApartmentsOne Bedroom/One Bathroom1BR,1BA$1,675
Woodland Apartments1x1 Garden1BR,1BA$1,690

Best Value Apartments for Rent in Richmond, RI and Nearby

As of July 22, 2025 the best value apartment in the Richmond area is the $0.58 price per square foot 3 Bedroom Summer Model at The URI Townhouses in the starting from $810. The second greatest value Richmond apartment is the 3 Bed Townhouse Utilities Included Model at Fort Adams at NAVSTA Newport Family Homes starting at $2,999 with a $2.25 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.
The URI Townhouses3 Bedroom Summer3BR,2.5BA$0.58
Fort Adams at NAVSTA Newport Family Homes3 Bed Townhouse Utilities Included3BR,2.5BA$2.25
Gristmill Apartments3 Bedroom3BR,1BA$1.91
Pleasant View Estates2 bed, 2 bath 2BR,2BA$2.16
Arctic Mill LoftsOne-Bedroom1BR,1BA$1.73
Harris Mill LoftsStudio 1 BathStudio ,1BA$2.01
Moosup Gardens TownhomesTulip1BR,1BA$1.80
Pilgrim ParkThe Scarlet2BR,1BA$2.29
Bayside Village1 Bed, 1 bath1BR,1BA$2.14
Soria1 Bedroom1BR,1BA$1.81

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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Getting Around Richmond, RI

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Richmond Apartments

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

The lowest price for a Cheap One Bedroom Richmond Apartment is $1,165 at Soria.

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 $1,107 at Soria.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at Gristmill Apartments and starts from $2,100.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.