Rentometer, Inc. | Data as of 12/04/2025
Richmond, Illinois offers a vibrant rental market that blends historic charm with modern convenience, making it an attractive destination for professionals, families, and students alike. Situated along the scenic Rock River, the city’s walkable downtown features a lively mix of boutique shops, cozy cafés, and cultural venues such as the Richmond Community Center and the historic St. Mary's Church. These local amenities, combined with easy access to major highways and public transit, create a well‑connected environment for renters seeking both comfort and convenience. The surrounding neighborhoods—like the Riverfront District and the historic Walnut Grove—provide a variety of living experiences, from quiet, tree‑lined streets to bustling streetscapes with restaurants and entertainment options.
Apartment living dominates the rental landscape in Richmond, with an emphasis on well‑maintained one‑bedroom units that cater to a range of lifestyles. Renters can expect rates that typically fall within the $1200s, reflecting the city’s balanced cost‑of‑living and the quality of available amenities. Many of these apartments feature modern finishes, in‑unit laundry, and access to community facilities such as fitness centers or rooftop terraces. Proximity to the Riverwalk trail system and nearby parks offers outdoor enthusiasts easy options for recreation, while the city’s growing business sector and nearby colleges ensure a steady demand for rental housing. Whether you’re drawn to the historic character of downtown or the quieter residential pockets, Richmond’s rental market provides a welcoming, well‑rounded option for a new home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,251 | $1,230 | $1,150 - $1,375 | $1,150 - $1,375 |
In the current period, the average rent in Richmond was
$1,252 for 1 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.