What's the average rent in Richmond, IN?

Rental Market Trends in Richmond, IN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Richmond, IN is $798 per month, which is 59% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$798

-6.2%-$52 decrease month-over-month

-3.3%-$27 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$762

HOUSES

$895

TOWNHOUSES

$850

As of August 2026, apartments are the most affordable rental option in Richmond, IN at $762 per month, while houses are the most expensive at $895 per month. Townhomes average $850 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	$900
3 Bedrooms	$1,200
4 Bedrooms	$597
All	$798

As of August 2026, the average rent for a 1 bedroom rental in Richmond, IN is $650 per month, followed by $900 for a 2 bedroom rental, $1,200 for a 3 bedroom rental, and $597 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$850
3 Bedrooms	$900
4 Bedrooms	—
All	$850

As of August 2026, the average rent for a 2 bedroom townhome in Richmond, IN is $850 per month, followed by $900 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$647
2 Bedrooms	$700
3 Bedrooms	$800
4 Bedrooms	—
All	$675

As of August 2026, the average rent for a 1 bedroom apartment in Richmond, IN is $647 per month, followed by $700 for a 2 bedroom apartment, and $800 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$800
3 Bedrooms	$1,200
4 Bedrooms	$597
All	$895

As of August 2026, the average rent for a 1 bedroom house in Richmond, IN is $850 per month, followed by $800 for a 2 bedroom house, $1,200 for a 3 bedroom house, and $597 for a 4 bedroom house.