
Cheap Apartments for Rent in Richmond, RI from $1,000 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


Harborview Apartment Community

Apartments at Remington Pond

Tanglewood Village

Newport Heights

Total Monthly Price
Fox Run Apartments

Briarwood Meadows

Arctic Mill Lofts

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

Masthead Apartments

Heritage Green Apartments

Woodland Apartments

Lofts at Anthony Mill

Royal Crest Warwick

Harris Mill Lofts

Shady Oaks

Tower Hill Landings
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.

Villa Del Rio

Pilgrim Park

The Admiralty

Cowesett Hills

855 Providence St

Reynolds Farm

Saw Mill Square Apartments

Creek Side Landings

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.

389 Wyassup Rd

901 Stonington Rd

61 Ridgewood Rd

19 Castlerock Dr

630 Green Hill Beach Rd

182 Marlborough - Large 1 Bedroom Plus

67 Twin Peninsula Ave

GrandeVille at Greenwich

126 Alder Rd
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 | $1,797 | $1,210 | $2,715 |
| Richmond 1 Bedroom Apartments | $2,293 | $1,165 | $3,370 |
| Richmond 2 Bedroom Apartments | $2,670 | $1,128 | $4,195 |
| Richmond 3 Bedroom Apartments | $3,017 | $1,743 | $4,355 |
| Richmond 4 Bedroom Apartments | $3,134 | $2,245 | $3,980 |
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 Moosup Gardens Townhomes in the Central Village neighborhood priced from $1,000. Harborview Apartment Community in the Warwick West Warwick neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Richmond apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Moosup Gardens Townhomes | Tulip | 1BR,1BA | $1,000 |
| Harborview Apartment Community | One Bedroom | 1BR,1BA | $1,150 |
| 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 |
| Royal Crest Warwick | Greenwich | Studio,1BA | $1,795 |
| Shady Oaks | The Willow | 1BR,1BA | $1,805 |
| Arctic Mill Lofts | One-Bedroom | 1BR,1BA | $1,850 |
| Masthead Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,850 |
| Villa Del Rio | Terrasa | 1BR,1BA | $1,865 |
Best Value Apartments for Rent in Richmond, RI and Nearby
As of May 24, 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 starting from $860. The second greatest value Richmond apartment is the Two Bedroom Model at Reynolds Farm starting at $2,440 with a $2.12 price per square foot . 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 |
| Reynolds Farm | Two Bedroom | 2BR,2BA | $2.12 |
| Pleasant View Estates | 2 bed, 2 bath | 2BR,2BA | $2.41 |
| Arctic Mill Lofts | One-Bedroom | 1BR,1BA | $1.80 |
| Harborview Apartment Community | One Bedroom | 1BR,1BA | $1.15 |
| Masthead Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.97 |
| 855 Providence St | 2 BR, 1 BA | 2BR,1BA | $2.19 |
| Moosup Gardens Townhomes | Tulip | 1BR,1BA | $1.18 |
| Pilgrim Park | The Scarlet | 2BR,1BA | $2.33 |
| 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 $1,000 at Moosup Gardens Townhomes.
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 $1,795 at Gristmill Apartments.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.