Cheap Apartments for Rent in Richmond, IN
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Average Rent Trends in Richmond, IN
Rent in Richmond, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $786 |
| Jul 2025 | $786 |
| Aug 2025 | $786 |
| Sep 2025 | $1,000 |
| Oct 2025 | $900 |
| Nov 2025 | $786 |
| Dec 2025 | $800 |
| Jan 2026 | $750 |
| Feb 2026 | $786 |
| Mar 2026 | $825 |
| Apr 2026 | $900 |
| May 2026 | $925 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $685 | $900 | $1,250 | $1,500 | $900 |
| Townhomes | — | $1,000 | — | — | $1,000 |
| Apartments and Condos | $550 | $850 | $950 | — | $800 |
| Houses | $895 | $800 | $1,450 | $1,500 | $1,250 |
Frequently Asked Questions about Rentals in Richmond, IN
- What is the average rent of an apartment in Richmond, IN?The average rent of an apartment in Richmond, IN is $792 per month. This is about 59% lower than the national average.
- What is the average rent of a house in Richmond, IN?The average rent of a house in Richmond, IN is $1,250 per month. This is about 35% lower than the national average.
- What is the average rent of a townhome in Richmond, IN?The average rent of a townhome in Richmond, IN is $1,000 per month. This is about 48% lower than the national average.
- When is the average rent cheapest in Richmond, IN?In the last year, the average rent in Richmond, IN was lowest in Jan 2025 when it was $750 per month.
- When is the average rent most expensive in Richmond, IN?In the last year, the average rent in Richmond, IN was highest in Sep 2025 when it was $1,000 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Richmond, IN?The average rent of a 1 bedroom apartment in Richmond, IN is $685 per month. That is about $310 more than the cost of a studio apartment.
- How many available rental listings are in Richmond, IN?There are 48 available rental listings in Richmond, IN.
- What are some zip codes in Richmond, IN?
- What are some cities near Richmond, IN?Some nearby cities include: Spring Grove, Boston, New Paris, Centerville, Whitewater. These cities may have more rental options to explore.