
Cheap Apartments for Rent near Richmond, RI from $1,100 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


Harborview Apartment Community

Tanglewood Village

Apartments at Remington Pond

Newport Heights

Total Monthly Price
Fox Run Apartments

Briarwood Meadows

Gristmill 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.

Bayside Village

Heritage Green Apartments

Woodland Apartments

Masthead Apartments

Lofts at Anthony Mill

Royal Crest Warwick

Harris Mill Lofts

Cowesett Hills
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.

Shady Oaks

Tower Hill Landings

Arctic Mill Lofts

The Admiralty

Villa Del Rio

855 Providence St

389 Wyassup Rd

Moosup Gardens Townhomes
Cash 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.

Oak Tree Village

61 Ridgewood Rd

19 Castlerock Dr

271 Great Island Rd

91 Aspen Rd

26 W Castle Way C

630 Green Hill Beach Rd

4 Preston Dr
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.
Richmond, RI Local Guide

How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $1,940 | $1,245 | $2,560 |
| Richmond 1 Bedroom Apartments | $2,300 | $1,165 | $3,370 |
| Richmond 2 Bedroom Apartments | $2,826 | $1,128 | $4,123 |
| Richmond 3 Bedroom Apartments | $3,198 | $1,743 | $4,560 |
| Richmond 4 Bedroom Apartments | $3,089 | $2,245 | $3,750 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond
Richmond, RI Local Guide
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Cheapest Available Richmond Apartments for Rent and Nearby
 The cheapest available apartment rental in Richmond, RI is a 1 Bed unit found at Harborview Apartment Community in the Warwick West Warwick neighborhood priced from $1,150. Moosup Gardens Townhomes in the Central Village neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,300. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Harborview Apartment Community | One Bedroom | 1BR,1BA | $1,150 |
| Moosup Gardens Townhomes | Lily | 2BR,1BA | $1,300 |
| Gristmill Apartments | 1 Bedroom | 1BR,1BA | $1,595 |
| Bayside Village | 1 Bed, 1 bath | 1BR,1BA | $1,606 |
| Woodland Apartments | 1x1 Garden | 1BR,1BA | $1,690 |
| Masthead Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,695 |
| Cowesett Hills | The Cayenne | 1BR,1BA | $1,780 |
| Royal Crest Warwick | Greenwich | Studio,1BA | $1,800 |
| Arctic Mill Lofts | One-Bedroom | 1BR,1BA | $1,850 |
| 855 Providence St | 2 BR, 1 BA | 2BR,1BA | $1,975 |
Best Value Apartments for Rent in Richmond, RI and Nearby
As of July 12, 2026 the best value apartment in the Richmond area is the $0.62 price per square foot 3 Bedroom Summer Model at The URI Townhouses in the in the Washington County neighborhood starting from $860. The second greatest value Richmond apartment is the Daffodil Model at Moosup Gardens Townhomes starting at $1,845 with a $1.50 price per square foot in the Central Village 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. |
|---|---|---|---|
| The URI Townhouses | 3 Bedroom Summer | 3BR,2.5BA | $0.62 |
| Moosup Gardens Townhomes | Daffodil | 3BR,1.5BA | $1.50 |
| Reynolds Farm | Two Bedroom | 2BR,2BA | $2.18 |
| Saw Mill Square Apartments | 2 Bedroom | 2BR,2BA | $2.41 |
| Creek Side Landings | 3 Bedrooms, 1.5 Bathrooms - Bi-Level Style A | 3BR,1.5BA | $2.41 |
| Pleasant View Estates | 2 bed, 2 bath | 2BR,2BA | $2.27 |
| Arctic Mill Lofts | One-Bedroom | 1BR,1BA | $1.80 |
| Harborview Apartment Community | One Bedroom | 1BR,1BA | $1.15 |
| 855 Providence St | 2 BR, 1 BA | 2BR,1BA | $2.19 |
| Bayside Village | 1 Bed, 1 bath | 1BR,1BA | $2.14 |
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 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.
Best Local Schools in Richmond, RI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richmond, RI Rentals by Map
See the most popular apartments and homes in Richmond, RI
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 $1,150 at Harborview Apartment Community.
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 $1,300 at Moosup Gardens Townhomes.
What is the most affordable Richmond Three Bedroom Apartment?
The best deal on a cheap Richmond Three Bedroom Apartment rental is at Moosup Gardens Townhomes and starts from $1,845.
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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.