
Cheap Apartments for Rent near Richwood, MN from $440 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in Richwood.


Royal Apartments

Rockridge

Terrace on the Green

Eastmoor Apartments & Townhomes

Southmoor Apartments & Townhomes

Courtyard Apartments on Belsly

Cedar Park Apartments

Skaff Apartments Moorhead

McCarthy Apartments
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.

South Shore Landing

Valley Pines Apartments

Total Monthly Price
Carriage House Senior Apartments

Parkview Housing

Courtyard Apartments

Horizon Shores Estates

The Colony

Sunridge Apartments

Pelican Heights Apartments

Waterstone Apartments
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.

The Grove

Meadows Edge Apartments

Huntington Pointe Apartments

Total Monthly Price
Almond Apartments

Summit Ridge

Stonecrest Apartments

Vanne

Rail 10 Apartments and Lofts

Pelican Rapids Townhomes

South Point Apartments
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.

Blue Eagle Townhomes

Easten Townhomes

Silver Birch

Griffin Court Apartments

Daybreak Place

Jeannie Anne Apartments

Valley

Grace Apartments

The Property Shop

The Corners
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.

Campus Aire Apartments

1411 20th St S

Scandia Village I, II, and III

Marigold Apartments

Finlandia Apartments

Valley View Commons

Picasso Square

Pleasant View Manor

Heritage Manor

Sebeka Housing
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.
Richwood, MN Local Guide

How much does it cost to rent an apartment in Richwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richwood Studio Apartments | $899 | $660 | $1,070 |
| Richwood 1 Bedroom Apartments | $1,100 | $440 | $1,850 |
| Richwood 2 Bedroom Apartments | $1,342 | $475 | $2,500 |
| Richwood 3 Bedroom Apartments | $1,416 | $750 | $1,925 |
| Richwood 4 Bedroom Apartments | $1,715 | $1,715 | $1,715 |
Browse Top Apartments in Richwood
See all Apartments in RichwoodExplore Richwood
Richwood, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Richwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Richwood, MN is a 1 Bed unit found at Royal Apartments in the Hawthorne neighborhood priced from $475. Rockridge in the Clara Barton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. Here is today’s list of the most affordable Richwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $475 |
| Rockridge | One Bedroom | 1BR,1BA | $560 |
| Terrace on the Green | 1 Bed, 1 bath | 1BR,1BA | $575 |
| Cedar Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $675 |
| McCarthy Apartments | 2 Bedroom | 2BR,1BA | $794 |
| Daybreak Place | 2 Bedrooms, 0 Bathroom | 2BR,1BA | $795 |
| South Shore Landing | South Shore Landing Studio - G | Studio,1BA | $805 |
| Skaff Apartments Moorhead | 2318 - 2 Bedroom | 2BR,1BA | $825 |
| The Grove | 1 bed 1 bath 700sqft | 1BR,1BA | $975 |
| Huntington Pointe Apartments | 1 Bed/1 Bath | 1BR,1BA | $995 |
Best Value Apartments for Rent in Richwood, MN and Nearby
As of September 07, 2026 the best value apartment in the Richwood area is the $0.81 price per square foot 3 Bedroom Model at Pelican Rapids Townhomes in the starting from $1,280. The second greatest value Richwood apartment is the 2 Bedroom + Den, 1.5 Bath Model at Easten Townhomes starting at $1,225 with a $0.86 price per square foot . Here is today’s list of the best values for Richwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pelican Rapids Townhomes | 3 Bedroom | 3BR,1BA | $0.81 |
| Easten Townhomes | 2 Bedroom + Den, 1.5 Bath | 2BR,1.5BA | $0.86 |
| Skaff Apartments Moorhead | Belsly - 3 Bedroom | 3BR,2BA | $1.22 |
| Crossings at Water's Edge | 1551-2B 2 | 2BR,2BA | $1.12 |
| Horizon Shores Estates | 1 Bedroom, 1 Bath | 1BR,1BA | $1.23 |
| Courtyard Apartments on Belsly | 2 Bedroom, 2 Bath | 2BR,2BA | $1.22 |
| Waterstone Apartments | 1 Bedroom, 1 Bathroom Plus Den | 2BR,1BA | $1.25 |
| McCarthy Apartments | 2 Bedroom | 2BR,1BA | $0.99 |
| Royal Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.73 |
| Terrace on the Green | 2 Beds, 1 bath | 2BR,1BA | $1.21 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richwood, MN Rentals by Map
See the most popular apartments and homes in Richwood, MN
Frequently Asked Questions about Cheap Richwood Apartments
How much is rent for a Cheap One Bedroom Richwood Apartment?
The lowest price for a Cheap One Bedroom Richwood Apartment is $475 at Royal Apartments.
What is the lowest price for a Cheap Two Bedroom Richwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Richwood is starting from $520 at Royal Apartments.
What is the most affordable Richwood Three Bedroom Apartment?
The best deal on a cheap Richwood Three Bedroom Apartment rental is at Pelican Rapids Townhomes and starts from $1,280.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.

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.