What's the average rent in Richmond, MI?
Rental Market Trends in Richmond, MI
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SOURCE: TRULIA DATA
Rental market highlights
As of July 2026, the average rent in Richmond, MI is $1,107 per month, which is 44% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$1,107
9.3%$94 increase month-over-month
10.7%$107 increase year-over-year
AVAILABLE RENTALS
9
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,151 |
| 3 Bedrooms | $1,149 |
| 4 Bedrooms | — |
| All | $1,107 |
As of July 2026, the average rent for a 1 bedroom rental in Richmond, MI is $950 per month, followed by $1,151 for a 2 bedroom rental, and $1,149 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,195 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,195 |
As of July 2026, the average rent for a 1 bedroom apartment in Richmond, MI is $1,000 per month, followed by $1,195 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $2,044 |
| 4 Bedrooms | — |
| All | $1,100 |
As of July 2026, the average rent for a 2 bedroom house in Richmond, MI is $1,100 per month, followed by $2,044 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -15% compared to the previous year, which is a $199 decrease.
This year (2026)
Last year (2025)
Rent distribution
88% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $800 to $1,350.
