
Cheap Homes for Rent in Richmond, IL from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


932 W Rollins Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

400 Cunat Blvd

2415 Johnsburg Rd
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1506 Spring Brook Ct

1414 W Clear Water Cir
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Richmond, IL Local Guide

How much does it cost to rent a home in Richmond?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Richmond 2 Bedroom Homes for Rent | $1,828 | $675 | $2,995 |
Richmond 3 Bedroom Homes for Rent | $2,181 | $1,695 | $3,200 |
Richmond 4 Bedroom Homes for Rent | $2,448 | $2,000 | $3,000 |
Richmond 6 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Top Homes for Rent in Richmond
Explore Richmond
Richmond, IL Local Guide
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Cheapest Available Richmond Apartments for Rent and Nearby
 The cheapest available apartment rental in Richmond, IL is a 1 Bed unit found at Tan Oak Apartments priced from $999. Garden Quarter Apartments in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Richmond apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Tan Oak Apartments | 1 Bed 1 Bath | 1BR,1BA | $999 |
Garden Quarter Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,199 |
Willow Brooke | Rosebay | 1BR,1BA | $1,240 |
Best Value Apartments for Rent in Richmond, IL and Nearby
As of May 13, 2025 the best value apartment in the Richmond area is the $1.49 price per square foot Hampton Model at Southwind Prairie Apartments in the starting from $1,975. The second greatest value Richmond apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $1,850 with a $1.48 price per square foot in the Amber Shores neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Southwind Prairie Apartments | Hampton | 2BR,2BA | $1.49 |
West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.48 |
River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.68 |
Taylor Place | 2br 2ba | 2BR,2BA | $1.28 |
The Ridges of Geneva East | Sandstone | 2BR,1BA | $1.75 |
Prairie View (Patriot Prairie of Woodstock) | 2X1 | 2BR,1BA | $1.79 |
The Meadows Apartments Lakemoor | Clover | 1BR,1BA | $1.89 |
Willow Brooke | Rosebay | 1BR,1BA | $1.84 |
Garden Quarter Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.78 |
Tan Oak Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.54 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Richmond
What type of rentals are currently available in Richmond?
There are currently 44 Apartments for Rent in Richmond, IL with pricing that ranges from $553 to $3,981. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $675 to $3,800.
What is the current price range for Rental Homes in Richmond?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Richmond ranges from $675 to $3,800 with an average monthly rent of $2,306.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.