Bedroom count
Property type
Last updated on July 26, 2026
Average rent in
Richmond, IN
Average rent in
Last updated on July 26, 2026
Bedroom count
Property type
Median rent
Median rent in Richmond
$730/mo
19%vs previous year
The average rent in Richmond is $730 per month as of July 2026. This is 62% below the national average rent, or $1,200 less per month.
average price per square foot
Total rentals
Available rentals in Richmond
34
for rent on Zumper.com as of July 2026
Rent price distribution
Share of Richmond rentals at each price point
Rent trends in Richmond, IN
Average rent prices in Richmond have decreased by 13% over the last month and have decreased by 19% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Richmond, IN
Rent prices in Richmond vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Richmond is $675, whereas a house costs $1,000. 1-bedroom apartments in Richmond run $600 on average, while 2-bedroom apartments are $725.
Listings | ||||
|---|---|---|---|---|
Studio | $610 | - | - | |
1 bedroom | $612 | 10% | 2% | |
2 bedroom | $822 |  7% | 2% | |
3 bedroom | $1,015 | 7% | 21% | |
4 bedroom | $800 | 14% | 28% |
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Richmond, IN.
Listings | ||||
|---|---|---|---|---|
Apartments | $675 | 7% | No Change | |
Condos | $850 | 10% | - | |
Houses | $1,000 | 15% | 23% |
Studio
Average rent
$610
1 bedroom
Average rent
$612
Last 30 days
10%
Last year
2%
2 bedroom
Average rent
$822
Last 30 days
7%
Last year
2%
3 bedroom
Average rent
$1,015
Last 30 days
7%
Last year
21%
4 bedroom
Average rent
$800
Last 30 days
14%
Last year
28%
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Richmond, IN.
Apartments
Average rent
$675
Last 30 days
7%
Condos
Average rent
$850
Last 30 days
10%
Houses
Average rent
$1,000
Last 30 days
15%
Last year
23%
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.
How does rent in Richmond, IN compare to other cities?
Compare median rent prices in Richmond and Cambridge City by all bedroom counts and property types.
Richmond
62%lower than the national median
64%lower than the national median
Takeaway
The median rent for all rentals in Richmond, IN is 4% higher than the median rent in Cambridge City, IN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$700
$775
9%$1,050
5%$895
23%$1,649
3%$762
3%$1,262
3%$1,187
15%$1,150
18%$955
4%$1,075
15%$1,000
Cost of living in Richmond, IN
Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.
Expenses accrued by most renters | Average cost compared to national average |
|---|---|
| Goods & Services | 15% lower |
| Groceries | 2% lower |
| Health | 13% lower |
| Housing | 40% lower |
| Transportation | 1% lower |
| Utilities | 17% lower |
Discover rentals in Richmond, IN
1d ago
824 S 6th St, Richmond, IN 47374
2 beds
1 bath
$434
House for rent
Available Jul 26
3d ago
3001 W Cart Rd, Richmond, IN 47374
2–4 beds
2–4 baths
$475–$675
Apartment for rent
5d+ ago
House for rent in Richmond
317 Sw 3rd St #1, Richmond, IN 47374
4 beds
2 baths
$700
$597
Price drop
House for rent
Available Jul 8
4d ago
209 N 16th St, Richmond, IN 47374
2 beds
1 bath
$675
Apartment for rent
5d+ ago
House for rent in Richmond
3 beds
2 baths
$1,725
House for rent
5d+ ago
House for rent in Richmond
522 S 8th St #A, Richmond, IN 47374
2 beds
1 bath
$1,350
House for rent
Available May 1
5d+ ago
House for rent in Richmond
337 Sw 3rd St, Richmond, IN 47374
2 beds
1.5 baths
$1,275
House for rent
1d ago
49 S 21st St, Richmond, IN 47374
2 beds
1 bath
$1,100
Apartment for rent
3d ago
401 N 10th St, Richmond, IN 47374
1 bed
1 bath
$775
Apartment for rent
1d ago
49 S 21st St, Richmond, IN 47374
2 beds
1 bath
$1,100
Apartment for rent
1d ago
824 S 6th St, Richmond, IN 47374
2 beds
1 bath
$434
House for rent
Available Jul 26
4d ago
209 N 16th St, Richmond, IN 47374
2 beds
1 bath
$675
Apartment for rent
3d ago
224 S 6th St, Richmond, IN 47374
1 bed
1 bath
$575
Apartment for rent
5d+ ago
Condo for rent in Richmond
211 N 20th St, Richmond, IN 47374
2 beds
2 baths
$1,000
Condo for rent
Available Jun 1
5d+ ago
House for rent in Richmond
522 S 8th St #A, Richmond, IN 47374
2 beds
1 bath
$1,350
House for rent
Available May 1
4d ago
Winding Ridge Dr, Richmond, IN 47374
2 beds
1 bath
$750
Apartment for rent
3d ago
Apartment for rent in Richmond
1921 Sw E St, Richmond, IN 47374
2 beds
1 bath
$700
Apartment for rent
3d ago
3001 W Cart Rd, Richmond, IN 47374
2–4 beds
2–4 baths
$475–$675
Apartment for rent
4d ago
209 N 16th St, Richmond, IN 47374
2 beds
1 bath
$675
Apartment for rent
4d ago
Winding Ridge Dr, Richmond, IN 47374
2 beds
1 bath
$750
Apartment for rent
Stay up to date with rental market insights
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Frequently asked questions for Richmond, IN
Quick answers to common questions about the Richmond rental market.
How much is rent in Richmond?
The average rent in Richmond is $730 per month as of July 25, 2026.
Is rent up or down in Richmond?
Average rent prices in Richmond have decreased by 13% over the last month and have decreased by 19% since last year.
How does Richmond rent compare to the national average?
Rent in Richmond is 62% below the national average, which means renters are paying approximately $1,200 less per month.
What salary do I need to afford rent in Richmond?
To comfortably afford rent in Richmond, you'd need to earn approximately $29,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Richmond?
Based on Zumper's July 2026 data, one-bedroom apartments in Richmond average around $710/month and two-bedrooms rent for approximately $870/month.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).