Cheap Homes for Rent in Richmond, MI from $1,000 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Richmond.

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, MI Local Guide

Cheapest Available Richmond Apartments for Rent and Nearby

 

The cheapest available apartment rental in Richmond, MI is a Studio unit found at Aspen Grove Apartments priced from $800. Anchor Bay Apartments in the New Baltimore neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aspen Grove ApartmentsStudioStudio,1BA$800
Anchor Bay Apartments1 Bedroom1BR,1BA$850
Eagles Landing of WashingtonThe Harding Includes Heat1BR,1BA$925

Best Value Apartments for Rent in Richmond, MI and Nearby

As of April 28, 2025 the best value apartment in the Richmond area is the $0.99 price per square foot Two Bedroom with Deck Model at Belle River Apartments in the starting from $1,025. The second greatest value Richmond apartment is the Two Bedroom Model at Chesterfield Manor starting at $1,050 with a $1.05 price per square foot in the Sandstone at The Retreat neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Belle River ApartmentsTwo Bedroom with Deck2BR,1BA$0.99
Chesterfield ManorTwo Bedroom2BR,1.5BA$1.05
Dutton EstatesTwo Bedroom One Bathroom2BR,1BA$1.36
Stony on Van DykeTwo Bedroom2BR,1BA$1.26
Anchor Bay Apartments1 Bedroom1BR,1BA$0.89
Apple Valley ApartmentsPaula Red Updated2BR,1BA$1.35
Richmond Club ApartmentsOrchard2BR,1BA$1.11
Sugarbush Run ApartmentsSugarbush Run Apartments2BR,1.5BA$1.33
Aspen Creek ApartmentsTwo Bedroom2BR,1.5BA$1.15
67748 S Main St2 Bedroom2BR,1BA$1.32

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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 45 Apartments for Rent in Richmond, MI with pricing that ranges from $605 to $2,957. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $1,099 to $4,500.

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 $1,099 to $4,500 with an average monthly rent of $2,306.

How much are larger Three and Four Bedroom Rentals in Richmond?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Richmond range from $1,250 to $2,525, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,325.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.