4+ Bedroom Apartment Rent in Richmond, IN
Median asking rent for a 4+ bedroom apartment in Richmond, Indiana as of July 2026. That's +55% higher than the citywide median of $870 and +46% below the national 4+ bedroom median of $2,520.
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 | Frankfort | $1,115 |
| 2 | East Chicago | $1,230 |
| 3 | Logansport | $1,230 |
| 4 | New Castle | $1,250 |
| 5 | Angola | $1,290 |
| 6 | Richmond (this page) | $1,350 |
| 7 | Marion | $1,370 |
| 8 | La Porte | $1,394 |
| 9 | Kokomo | $1,395 |
| 10 | Crawfordsville | $1,398 |
| 11 | Elkhart | $1,400 |
| 12 | Terre Haute | $1,430 |
| 13 | Mishawaka | $1,440 |
| 14 | Delphi | $1,450 |
| 15 | Goshen | $1,460 |
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? 2 of these cities have cheaper 4+ bedroom rents than Richmond.
| City | Distance | 4+ Bedroom rent | vs Richmond |
|---|---|---|---|
| Greenville, OH | 24.7 mi | $1,230 | $-120 (-9%) |
| Oxford, OH | 25.6 mi | $1,850 | +$500 (+37%) |
| 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%) |
4+ Bedroom rent in Richmond — common questions
How much is a 4+ bedroom apartment in Richmond?
As of July 2026, the median 4+ bedroom apartment rent in Richmond, Indiana is $1,350 per month. This is +55% higher than the citywide median of $870.
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 $2,520. It ranks in the 2th percentile of US cities tracked.
How does Richmond rank for 4+ bedroom rent in Indiana?
Among the 64 cities in Indiana with 4+ bedroom data, Richmond ranks #6 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Richmond?
Yes — nearby cities with cheaper 4+ bedroom rents include Greenville ($1,230), New Castle ($1,250).