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 12% 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 $712. A 1-bedroom apartment in Richmond, IN costs about $700 on average, while a 2-bedroom apartment is $725. Houses for rent in Richmond, IN are more expensive, with an average monthly cost of $947.


1 bedroom	$675	1%	9%
2 bedroom	$750	8%	8%
3 bedroom	$1,362	2%	22%
4 bedroom	$1,650	23%	234%
Studio	$595	10%	-


Apartments	$712	No Change	No Change
Condos	$1,300	14%	-
Houses	$947	6%	No Change

Studio

Average rent

$595

Last 30 days

10%

1 bedroom

Average rent

$675

Last 30 days

Last year

2 bedroom

Average rent

$750

Last 30 days

Last year

3 bedroom

Average rent

$1,362

Last 30 days

Last year

22%

4 bedroom

Average rent

$1,650

Last 30 days

23%

Last year

234%

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

61%

lower than the national median

Median rent price$895

53%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, IN is 16% 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

$895

N/A

Last year

Connersville

$750

Last year

Dayton

$1,000

Last year

Eaton

$1,000

26%

Last year

Fairfield

$1,545

Last year

Greenville

$1,050

99%

Last year

Hamilton

$1,295

13%

Last year

Miamisburg

$1,204

Last year

Middletown

$1,025

Last year

Muncie

$975

12%

Last year

Trotwood

$1,000

12%

Last year

Vandalia

$1,250

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.