4+ Bedroom Apartment Rent in Richmond, IN
Median asking rent for a 4+ bedroom apartment in Richmond, Indiana as of August 2026. That's +56% higher than the citywide median of $865 and +46% below the national 4+ bedroom median of $2,522.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | East Chicago | $1,230 |
| 2 | New Castle | $1,250 |
| 3 | Angola | $1,290 |
| 4 | Crawfordsville | $1,299 |
| 5 | Richmond (this page) | $1,350 |
| 6 | Marion | $1,370 |
| 7 | La Porte | $1,394 |
| 8 | Kokomo | $1,395 |
| 9 | Elkhart | $1,400 |
| 10 | Terre Haute | $1,430 |
| 11 | Mishawaka | $1,440 |
| 12 | Goshen | $1,460 |
| 13 | Muncie | $1,485 |
| 14 | Michigan City | $1,490 |
| 15 | Warsaw | $1,490 |
Most expensive cities for a 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,960 |
| 2 | Whitestown | $2,830 |
| 3 | Carmel | $2,820 |
| 4 | McCordsville | $2,560 |
| 5 | Lawrence | $2,560 |
| 6 | Avon | $2,530 |
| 7 | Westfield | $2,500 |
| 8 | Fishers | $2,480 |
| 9 | Brownsburg | $2,390 |
| 10 | Noblesville | $2,235 |
| 11 | Sellersburg | $2,180 |
| 12 | Plainfield | $2,180 |
| 13 | Greenwood | $2,160 |
| 14 | Indianapolis | $2,143 |
| 15 | Granger | $2,040 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 1 of these cities have cheaper 4+ bedroom rents than Richmond.
| City | Distance | 4+ Bedroom rent | vs Richmond |
|---|---|---|---|
| New Castle, IN | 33.8 mi | $1,250 | $-100 (-7%) |
| Hamilton, OH | 35.8 mi | $1,765 | +$415 (+31%) |
| Trenton, OH | 36.6 mi | $2,400 | +$1,050 (+78%) |
| Middletown, OH | 39.2 mi | $1,770 | +$420 (+31%) |
| Fairfield, OH | 42 mi | $2,040 | +$690 (+51%) |
| Muncie, IN | 43.8 mi | $1,485 | +$135 (+10%) |
| Miamisburg, OH | 44.6 mi | $1,830 | +$480 (+36%) |
| Forest Park, OH | 45.2 mi | $2,170 | +$820 (+61%) |
| Franklin, OH | 45.7 mi | $1,800 | +$450 (+33%) |
| West Carrollton, OH | 46.5 mi | $1,580 | +$230 (+17%) |
| West Chester, OH | 46.9 mi | $2,560 | +$1,210 (+90%) |
| Springdale, OH | 47.4 mi | $2,240 | +$890 (+66%) |
4+ Bedroom rent in Richmond — common questions
How much is a 4+ bedroom apartment in Richmond?
As of August 2026, the median 4+ bedroom apartment rent in Richmond, Indiana is $1,350 per month. This is +56% higher than the citywide median of $865.
What income do you need to afford a 4+ bedroom in Richmond?
Using the standard 30% rent-to-income rule, you would need an annual income of about $54,000 ($4,500/month gross), which works out to roughly $25.96/hour at a full-time job.
Is Richmond expensive for a 4+ bedroom compared to the rest of the US?
Richmond's 4+ bedroom median of $1,350 is +46% below the national 4+ bedroom median of $2,522. It ranks in the 2th percentile of US cities tracked.
How does Richmond rank for 4+ bedroom rent in Indiana?
Among the 62 cities in Indiana with 4+ bedroom data, Richmond ranks #5 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Richmond?
Yes — nearby cities with cheaper 4+ bedroom rents include New Castle ($1,250).