What's the average rent in Richmond, IN?

Rental Market Trends in Richmond, IN

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Richmond, IN is $925 per month, which is 53% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$925

0.0%No change month over month

12.1%$100 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$882

HOUSES

$1,030

TOWNHOUSES

$1,000

As of June 2026, apartments are the most affordable rental option in Richmond, IN at $882 per month, while houses are the most expensive at $1,030 per month. Townhomes average $1,000 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$700
2 Bedrooms	$978
3 Bedrooms	$1,200
4 Bedrooms	$1,500
All	$925

As of June 2026, the average rent for a 1 bedroom rental in Richmond, IN is $700 per month, followed by $978 for a 2 bedroom rental, $1,200 for a 3 bedroom rental, and $1,500 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,000
3 Bedrooms	$915
4 Bedrooms	—
All	$1,000

As of June 2026, the average rent for a 2 bedroom townhome in Richmond, IN is $1,000 per month, followed by $915 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$650
2 Bedrooms	$1,100
3 Bedrooms	$975
4 Bedrooms	—
All	$950

As of June 2026, the average rent for a 1 bedroom apartment in Richmond, IN is $650 per month, followed by $1,100 for a 2 bedroom apartment, and $975 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$895
2 Bedrooms	$925
3 Bedrooms	$1,500
4 Bedrooms	$1,500
All	$1,030

As of June 2026, the average rent for a 1 bedroom house in Richmond, IN is $895 per month, followed by $925 for a 2 bedroom house, $1,500 for a 3 bedroom house, and $1,500 for a 4 bedroom house.