
Cheap Homes for Rent in Richwood, MN from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Richwood.


32 10th Ave N

1315 34th St Cir S
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.

2913 8th St N

102-15t 15th St N

706 10th St N
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 a home in Richwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richwood 3 Bedroom Homes for Rent | $2,077 | $1,600 | $3,334 |
| Richwood 4 Bedroom Homes for Rent | $2,193 | $1,735 | $2,600 |
| Richwood 5 Bedroom Homes for Rent | $2,125 | $2,000 | $2,250 |
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Richwood, MN Local Guide
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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. Skaff Apartments Moorhead in the Hawthorne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. 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 |
| Skaff Apartments Moorhead | 1904- 1 bedroom | 1BR,1BA | $525 |
| Griffin Court Apartments | Griffin Court - One Bedroom | 1BR,1BA | $575 |
Best Value Apartments for Rent in Richwood, MN and Nearby
As of May 08, 2026 the best value apartment in the Richwood area is the $0.56 price per square foot 3 Bedroom Model at Pelican Rapids Townhomes in the starting from $885. The second greatest value Richwood apartment is the 3 Bedroom Model at 1918 5th Ave S starting at $1,400 with a $1.17 price per square foot in the Hawthorne neighborhood. 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 | $0.56 |
| 1918 5th Ave S | 3 Bedroom | 3BR,2BA | $1.17 |
| Waterstone Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.04 |
| 701 Lily Ln | 2 Bedroom | 2BR,1BA | $0.83 |
| Horizon Shores Estates | 1 Bedroom, 1 Bath | 1BR,1BA | $1.23 |
| South Shore Landing | E | 2BR,2BA | $1.28 |
| Jeannie Anne Apartments | Two Bedroom | 2BR,1BA | $0.79 |
| Royal Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.73 |
| Terrace on the Green | 2 Beds, 1 bath | 2BR,1BA | $1.21 |
| Griffin Court Apartments | Griffin Court - One Bedroom | 1BR,1BA | $1.05 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Richwood
What type of rentals are currently available in Richwood?
There are currently 60 Apartments for Rent in Richwood, MN with pricing that ranges from $400 to $2,500. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richwood ranging from $545 to $3,334.
What is the current price range for Rental Homes in Richwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Richwood ranges from $545 to $3,334 with an average monthly rent of $1,656.
How much are larger Three and Four Bedroom Rentals in Richwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Richwood range from $750 to $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $3,334. Four Bedroom Single-Family rentals are also available starting from $1,735 and Four Bedroom Apartments start at $1,495.
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.