What's the average rent in Richmond, IN?

Rental Market Trends in Richmond, IN

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Richmond, IN is $925 per month, which is 52% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$925

2.8%$25 increase month-over-month

23.3%$175 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$842

HOUSES

$1,250

TOWNHOUSES

$825

As of May 2026, townhomes are the most affordable rental option in Richmond, IN at $825 per month, while houses are the most expensive at $1,250 per month. Apartments average $842 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$550
2 Bedrooms	$900
3 Bedrooms	$1,275
4 Bedrooms	$1,544
All	$925

As of May 2026, the average rent for a 1 bedroom rental in Richmond, IN is $550 per month, followed by $900 for a 2 bedroom rental, $1,275 for a 3 bedroom rental, and $1,544 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$550
2 Bedrooms	$800
3 Bedrooms	$800
4 Bedrooms	—
All	$800

As of May 2026, the average rent for a 1 bedroom apartment in Richmond, IN is $550 per month, followed by $800 for a 2 bedroom apartment, and $800 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$895
3 Bedrooms	$1,300
4 Bedrooms	$1,544
All	$1,300

As of May 2026, the average rent for a 2 bedroom house in Richmond, IN is $895 per month, followed by $1,300 for a 3 bedroom house, and $1,544 for a 4 bedroom house.