Cheap Apartments for Rent near Richmond, RI from $1,107 (36 Rentals)

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Search the lowest-cost Apartments 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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property at 389 Wyassup Rd

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

389 Wyassup Rd

North StoningtonCT06359

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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Oak Tree Village
1 to 2 Bedroom Apartments

Oak Tree Village

89 Preston RdGriswold, CT 06351
  • Utilities Included

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 1-36, 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 1 Bed unit found at Oak Tree Village in the Northeast New London Norwich neighborhood priced from $1,080. Fox Run Apartments in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,495. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Tree Village1 Bedroom1BR,1BA$1,080
Fox Run Apartments2 BEDROOMS2BR,1BA$1,495
Gristmill Apartments1 Bedroom1BR,1BA$1,595
Bayside Village1 Bed, 1 bath1BR,1BA$1,606
Masthead Apartments1 Bed, 1 bath1BR,1BA$1,695
Cowesett HillsThe Cayenne1BR,1BA$1,795
Shady OaksThe Willow1BR,1BA$1,845
Arctic Mill LoftsOne-Bedroom1BR,1BA$1,850
The AdmiraltyOne Bed / One Bath1BR,1BA$1,900
Villa Del RioGranada1BR,1BA$2,090

Best Value Apartments for Rent in Richmond, RI and Nearby

As of August 26, 2026 the best value apartment in the Richmond area is the $2.05 price per square foot 3 bed, 2.5 bath Model at Pleasant View Estates in the in the Northeast New London Norwich neighborhood starting from $2,853. The second greatest value Richmond apartment is the 3 Bedroom Summer Model at The URI Townhouses starting at $860 with a $0.62 price per square foot in the Washington County 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.
Pleasant View Estates3 bed, 2.5 bath 3BR,2.5BA$2.05
The URI Townhouses3 Bedroom Summer3BR,2.5BA$0.62
Reynolds FarmTwo Bedroom2BR,2BA$2.21
Saw Mill Square Apartments2 Bedroom2BR,2BA$2.45
Arctic Mill LoftsOne-Bedroom1BR,1BA$1.80
Creek Side Landings2 Bedrooms, 1.5 Bathrooms - Bi-Level Style A2BR,1.5BA$2.43
Fox Run Apartments2 BEDROOMS2BR,1BA$1.76
Tower Hill LandingsTwo Bedroom Apartment - Maple2BR,1BA$2.57
Bayside Village1 Bed, 1 bath1BR,1BA$2.14
Oak Tree Village1 Bedroom1BR,1BA$1.54

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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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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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 $1,080 at Oak Tree Village.

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 $1,495 at Fox Run Apartments.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at Bayside Village and starts from $2,249.

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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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.

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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.