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 30% 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 $825. A 1-bedroom apartment in Richmond, IN costs about $775 on average, while a 2-bedroom apartment is $900. Houses for rent in Richmond, IN are more expensive, with an average monthly cost of $1,337.


1 bedroom	$689	2%	2%
2 bedroom	$945	2%	29%
3 bedroom	$1,200	2%	3%
4 bedroom	$525	No Change	39%
Studio	$595	2%	-


Apartments	$825	2%	No Change
Condos	$2,495	No Change	-
Houses	$1,337	5%	No Change

Studio

Average rent

$595

Last 30 days

1 bedroom

Average rent

$689

Last 30 days

Last year

2 bedroom

Average rent

$945

Last 30 days

Last year

29%

3 bedroom

Average rent

$1,200

Last 30 days

Last year

4 bedroom

Average rent

$525

Last year

39%

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$912

52%

lower than the national median

Median rent price$770

60%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, IN is 19% higher 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

$770

10%

Last year

Connersville

$760

18%

Last year

Dayton

$1,000

Last year

Eaton

$1,095

Last year

Fairfield

$1,435

24%

Last year

Greenville

$950

42%

Last year

Hamilton

$1,375

17%

Last year

Miamisburg

$1,295

10%

Last year

Middletown

$1,150

18%

Last year

Muncie

$972

Last year

Trotwood

$1,000

Last year

Vandalia

$1,010

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.