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 increased by 18% in the last month and have increased by 3% 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 $690. A 1-bedroom apartment in Richmond, IN costs about $675 on average, while a 2-bedroom apartment is $725. Houses for rent in Richmond, IN are more expensive, with an average monthly cost of $1,095.


1 bedroom	$679	2%	13%
2 bedroom	$750	2%	3%
3 bedroom	$1,075	1%	7%
4 bedroom	$1,095	13%	110%
Studio	$595	10%	-

				Comparables
Apartments	$690	2%	No Change
Houses	$1,095	5%	No Change

Studio

Average rent

$595

Last 30 days

10%

1 bedroom

Average rent

$679

Last 30 days

Last year

13%

2 bedroom

Average rent

$750

Last 30 days

Last year

3 bedroom

Average rent

$1,075

Last 30 days

Last year

4 bedroom

Average rent

$1,095

Last 30 days

13%

Last year

110%

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$750

62%

lower than the national median

Median rent price$800

59%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, IN is 6% 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

$800

N/A

Last year

Connersville

$847

Last year

Dayton

$1,000

Last year

Eaton

$1,250

86%

Last year

Fairfield

$1,500

Last year

Greenville

$925

72%

Last year

Hamilton

$1,200

Last year

Miamisburg

$1,258

Last year

Middletown

$1,090

Last year

Muncie

$900

Flat

Last year

Trotwood

$1,000

Last year

Vandalia

$997

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.