1-Bedroom Apartment Rent in Richmond, IN
Median asking rent for a 1-bedroom apartment in Richmond, Indiana as of July 2026. That's +17% lower than the citywide median of $870 and +48% below the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Richmond
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Richmond
Compare Richmond's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Frankfort | $604 |
| 2 | La Porte | $689 |
| 3 | Richmond (this page) | $720 |
| 4 | New Castle | $730 |
| 5 | Angola | $740 |
| 6 | Marion | $740 |
| 7 | Crawfordsville | $754 |
| 8 | East Chicago | $770 |
| 9 | Logansport | $780 |
| 10 | Kokomo | $790 |
| 11 | Muncie | $800 |
| 12 | Fortville | $801 |
| 13 | Terre Haute | $810 |
| 14 | Delphi | $820 |
| 15 | Evansville | $835 |
Most expensive cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,600 |
| 2 | Whitestown | $1,530 |
| 3 | Carmel | $1,527 |
| 4 | McCordsville | $1,390 |
| 5 | Lawrence | $1,385 |
| 6 | Avon | $1,370 |
| 7 | Westfield | $1,350 |
| 8 | Fishers | $1,343 |
| 9 | Granger | $1,310 |
| 10 | Brownsburg | $1,290 |
| 11 | Noblesville | $1,210 |
| 12 | Sellersburg | $1,200 |
| 13 | Munster | $1,190 |
| 14 | Merrillville | $1,190 |
| 15 | Plainfield | $1,180 |
Nearby cities — 1-bedroom rent
Most nearby cities have similar or higher 1-bedroom rents than Richmond.
| City | Distance | 1-Bedroom rent | vs Richmond |
|---|---|---|---|
| Greenville, OH | 24.7 mi | $750 | +$30 (+4%) |
| Oxford, OH | 25.6 mi | $970 | +$250 (+35%) |
| New Castle, IN | 33.8 mi | $730 | +$10 (+1%) |
| Hamilton, OH | 35.8 mi | $930 | +$210 (+29%) |
| Trenton, OH | 36.6 mi | $1,270 | +$550 (+76%) |
| Middletown, OH | 39.2 mi | $930 | +$210 (+29%) |
| Fairfield, OH | 42 mi | $1,070 | +$350 (+49%) |
| Muncie, IN | 43.8 mi | $800 | +$80 (+11%) |
| Miamisburg, OH | 44.6 mi | $1,000 | +$280 (+39%) |
| Forest Park, OH | 45.2 mi | $1,140 | +$420 (+58%) |
| Franklin, OH | 45.7 mi | $950 | +$230 (+32%) |
| West Carrollton, OH | 46.5 mi | $870 | +$150 (+21%) |
1-Bedroom rent in Richmond — common questions
How much is a 1-bedroom apartment in Richmond?
As of July 2026, the median 1-bedroom apartment rent in Richmond, Indiana is $720 per month. This is +17% below the citywide median of $870.
What income do you need to afford a 1-bedroom in Richmond?
Using the standard 30% rent-to-income rule, you would need an annual income of about $28,800 ($2,400/month gross), which works out to roughly $13.85/hour at a full-time job.
Is Richmond expensive for a 1-bedroom compared to the rest of the US?
Richmond's 1-bedroom median of $720 is +48% below the national 1-bedroom median of $1,395. It ranks in the 2th percentile of US cities tracked.
How does Richmond rank for 1-bedroom rent in Indiana?
Among the 65 cities in Indiana with 1-bedroom data, Richmond ranks #3 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Richmond?
Most nearby cities have similar or higher 1-bedroom rents than Richmond.