Average Rent in Richmond, IN and Rent Price Trends

Rent price trends in
Richmond, IN

Rent price trends

Rent prices for all bedroom counts and property types in Richmond, IN have remained the same in the last month and have increased by 2% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Richmond, IN
The monthly rent for an apartment in Richmond, IN is $762. A 1-bedroom apartment in Richmond, IN costs about $650 on average, while a 2-bedroom apartment is $775. Houses for rent in Richmond, IN are more expensive, with an average monthly cost of $1,450.


1 bedroom	$750	No Change	12%
2 bedroom	$775	8%	7%
3 bedroom	$2,400	4%	63%
4 bedroom	$1,650	2%	160%
Studio	$595	10%	No Change

				Comparables
Apartments	$762	4%	No Change
Houses	$1,450	12%	34%

Studio

Average rent

$595

Last 30 days

10%

1 bedroom

Average rent

$750

Last 30 days

No Change

Last year

12%

2 bedroom

Average rent

$775

Last 30 days

Last year

3 bedroom

Average rent

$2,400

Last 30 days

Last year

63%

4 bedroom

Average rent

$1,650

Last 30 days

Last year

160%

The table above reflects average rent prices in Richmond, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Richmond, IN to other cities

Median rent prices in Richmond, IN for all bedroom counts and property types compared to Cambridge City, IN.

Richmond

Median rent price$787

59%

lower than the national median

Median rent price$862

55%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, IN is 9% lower than the median rent in Cambridge City, IN.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Cambridge City

$862

58%

Last year

Connersville

$750

Last year

Dayton

$975

Last year

Eaton

$1,274

18%

Last year

Fairfield

$1,395

11%

Last year

Greenville

$1,295

86%

Last year

Hamilton

$1,372

Last year

Miamisburg

$1,200

Flat

Last year

Middletown

$1,092

15%

Last year

Muncie

$989

Last year

Trotwood

$1,000

Last year

Vandalia

$1,375

16%

Last year

Cost of living in
Richmond, IN

The overall cost of living in Richmond, IN is 19% lower than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.