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 decreased by 6% 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 $775. A 1-bedroom apartment in Richmond, IN costs about $700 on average, while a 2-bedroom apartment is $825. Houses for rent in Richmond, IN are more expensive, with an average monthly cost of $1,300.


1 bedroom	$700	6%	13%
2 bedroom	$937	9%	26%
3 bedroom	$1,450	7%	2%
4 bedroom	$2,200	16%	181%
Studio	$595	2%	-


Apartments	$775	6%	No Change
Condos	$700	14%	-
Houses	$1,300	8%	No Change
Rooms	$600	15%	-

Studio

Average rent

$595

Last 30 days

1 bedroom

Average rent

$700

Last 30 days

Last year

13%

2 bedroom

Average rent

$937

Last 30 days

Last year

26%

3 bedroom

Average rent

$1,450

Last 30 days

Last year

4 bedroom

Average rent

$2,200

Last 30 days

16%

Last year

181%

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$775

59%

lower than the national median

Median rent price$1,092

43%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, IN is 29% 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

$1,092

36%

Last year

Connersville

$785

24%

Last year

Dayton

$995

Last year

Eaton

$887

40%

Last year

Fairfield

$1,400

12%

Last year

Greenville

$701

Last year

Hamilton

$1,350

12%

Last year

Miamisburg

$1,145

Last year

Middletown

$1,095

29%

Last year

Muncie

$950

Last year

Trotwood

$1,000

Last year

Vandalia

$1,100

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.