Single-Family Homes for Rent in Richmond, IN

House for rent at 258 SW 2nd St, Richmond, IN 47374

This 3 bedroom, 2 bathroom house is located just a short walk away from local shops and restaurants in Richmond. It comes with high ceilings, air conditioning and large windows for plenty of natural light. There's also a front porch and fenced backyard perfect for outdoor entertaining. Have a furry friend? This unit is pet friendly as well. Appliances include a stove and refrigerator. Stove & Refrigerator. Pet Friendly.

Viewing 1 of 1 rentals in Richmond

What to Know About

Life in Richmond & Beyond

Richmond shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Richmond, IN

As of April 2025, Richmond's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Richmond's average rent is 43.8% ($571) lower than the Indiana average of $1,305 and 59.2% ($1,065) lower than the U.S. average of $1,799.

Average Rent

$734

Monthly ChangeMonth Over Month Change

0.7% ($5)

Yearly ChangeYear Over Year Change

3.3% ($25)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$721	1% ($7)	12.1% ($78)
2 Beds	$875	2.9% ($25)	18.4% ($136)
3 Beds	$1,145	2.6% ($29)	18.4% ($178)

Nearby Cities	Average Rent	Avg. Rent vs. RichmondAverage Rent vs. Richmond	Avg. Days on MarketAverage Days on Market
Connersville	$765	4.2% ($31)	33 days
West College Corner	$800	9% ($66)	35 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Richmond Rental Market FAQs

Explore rental prices, market trends, and availability in Richmond, IN.

What is the average rent in Richmond, IN?

The average rent in Richmond, IN is $734 per month.

What is the rental price range for houses in Richmond, IN?

Houses in Richmond typically rent for between $600 and $1,489 per month, with an average of $734 per month.

What is the average rent for different bedroom sizes in Richmond, IN?

In Richmond, the average rent for a 1-bedroom house is $721 per month, for a 2-bedroom house, $875 per month, and a 3-bedroom house is $1,145 per month.

How do rent prices in Richmond, IN compare with the national average?

The average rent in Richmond is 59.2% ($1,065) lower than the national average of $1,799 per month.

How have rent prices in Richmond, IN changed recently?

The average rent in Richmond has increased by 0.7% ($5) in the last month and decreased by 3.3% ($25) over the past year.

How competitive is the rental market in Richmond, IN?

The rental market in Richmond, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Richmond, IN?

In Richmond, IN, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Richmond, IN?

There are currently 8 rental properties available in Richmond, IN.

Can I afford to rent a house in Richmond, IN?

Based on the current averages, a household would need an annual income of $35,000 to comfortably afford a 2-bedroom house in Richmond.

Life in Richmond & Beyond

Richmond, IN

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