What's the average rent in Richmond, IN?

Rental Market Trends in Richmond, IN

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Richmond, IN is $850 per month, which is 56% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$850

-9.8%-$92 decrease month-over-month

6.3%$50 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$842

HOUSES

$1,150

TOWNHOUSES

$850

As of November 2026, apartments are the most affordable rental option in Richmond, IN at $842 per month, while houses are the most expensive at $1,150 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	$750
2 Bedrooms	$849
3 Bedrooms	$900
4 Bedrooms	$1,200
All	$850

As of November 2026, the average rent for a 1 bedroom rental in Richmond, IN is $750 per month, followed by $849 for a 2 bedroom rental, $900 for a 3 bedroom rental, and $1,200 for a 4 bedroom rental.

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

Floor plan type	Average rent
1 Bedroom	$750
2 Bedrooms	$700
3 Bedrooms	$850
4 Bedrooms	$1,200
All	$800

As of November 2026, the average rent for a 1 bedroom apartment in Richmond, IN is $750 per month, followed by $700 for a 2 bedroom apartment, $850 for a 3 bedroom apartment, and $1,200 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$825
3 Bedrooms	$1,295
4 Bedrooms	$2,500
All	$1,150

As of November 2026, the average rent for a 1 bedroom house in Richmond, IN is $850 per month, followed by $825 for a 2 bedroom house, $1,295 for a 3 bedroom house, and $2,500 for a 4 bedroom house.