Cheap Homes for Rent in Richmond, RI from $1,100 (10 Rentals)

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

property at 901 Stonington Rd

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

Studio, 1 Bath Home for Rent

Available Now

901 Stonington Rd

StoningtonCT06378

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.

property at 20 Prentice Williams Rd

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

4 Bedroom, 2.5 Bath Home for Rent

Available Now

20 Prentice Williams Rd

StoningtonCT06378
property at 252 N Water St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

1 Bedroom Rentals

Available Now

252 N Water St

StoningtonCT06378

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

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, RI is a 2 Beds unit found at Oak Tree Village in the Northeast New London Norwich neighborhood priced from $1,172. 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 $1,385. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Tree Village2 Bedroom2BR,1BA$1,172
Fox Run Apartments2 BEDROOMS2BR,1BA$1,385
Moosup Gardens TownhomesDaffodil3BR,1BA$1,450

Best Value Apartments for Rent in Richmond, RI and Nearby

As of January 02, 2026 the best value apartment in the Richmond area is the $0.97 price per square foot 3 Bed 2 Bath Model at Harris Mill Lofts in the in the Warwick West Warwick neighborhood starting from $2,780. The second greatest value Richmond apartment is the 2 Bed 2 Bath Model at Lofts at Anthony Mill starting at $2,165 with a $1.38 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.
Harris Mill Lofts3 Bed 2 Bath3BR,2BA$0.97
Lofts at Anthony Mill2 Bed 2 Bath2BR,2BA$1.38
The URI Townhouses3 Bedroom Summer3BR,2.5BA$0.62
Moosup Gardens TownhomesDaffodil3BR,1.5BA$1.18
GrandeVille at GreenwichCharleston (C1.2)2BR,2BA$2.03
Gristmill Apartments3 Bedroom3BR,1BA$1.91
182-186 Marlborough StOne Bedroom1BR,1BA$1.91
Arctic Mill LoftsOne-Bedroom1BR,1BA$1.75
Fox Run Apartments2 BEDROOMS2BR,1BA$1.63
Oak Tree Village1 Bedroom1BR,1BA$1.99

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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

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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 40 Apartments for Rent in Richmond, RI with pricing that ranges from $1,000 to $4,275. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $1,125 to $25,000.

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 $1,125 to $25,000 with an average monthly rent of $4,076.

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 $1,450 to $4,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $14,500. Four Bedroom Single-Family rentals are also available starting from $1,125 and Four Bedroom Apartments start at $2,245.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!