What's the average rent in Richmond, IN?
Rental Market Trends in Richmond, IN
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SOURCE: TRULIA DATA
Rental market highlights
As of September 2026, the average rent in Richmond, IN is $900 per month, which is 54% lower than the national average rent of $1,948 per month.
AVERAGE RENT
$900
5.9%$50 increase month-over-month
0.0%No change year over year
AVAILABLE RENTALS
41
APARTMENTS
HOUSES
TOWNHOUSES
As of September 2026, townhomes are the most affordable rental option in Richmond, IN at $750 per month, while houses are the most expensive at $1,275 per month. Apartments average $848 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $650 |
| 2 Bedrooms | $925 |
| 3 Bedrooms | $950 |
| 4 Bedrooms | $1,550 |
| All | $900 |
As of September 2026, the average rent for a 1 bedroom rental in Richmond, IN is $650 per month, followed by $925 for a 2 bedroom rental, $950 for a 3 bedroom rental, and $1,550 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $750 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $750 |
As of September 2026, the average rent for a 2 bedroom townhome in Richmond, IN is $750 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $650 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $800 |
| 4 Bedrooms | $1,550 |
| All | $703 |
As of September 2026, the average rent for a 1 bedroom apartment in Richmond, IN is $650 per month, followed by $900 for a 2 bedroom apartment, $800 for a 3 bedroom apartment, and $1,550 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $950 |
| 4 Bedrooms | — |
| All | $1,275 |
As of September 2026, the average rent for a 2 bedroom house in Richmond, IN is $1,350 per month, followed by $950 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -7% compared to the previous year, which is a $75 decrease.
This year (2026)
Last year (2025)
Rent distribution
55% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $475 to $8,000.
