Richmond, MI rental market
Last updated August 10, 2025
Rental market summary
The average rent for all bedrooms and all property types in Richmond, MI is $1,050.
$1,050
+$50
+$78
5
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $899 to $1,350.
| Rent price | Number of rental properties |
|---|---|
| $900 | 2 |
| $1,000 | 2 |
| $1,100 | 1 |
| $1,300+ | 1 |
Average rent price over time
In the last year, rent has increased by $78 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $880 | $845 |
| Feb | $875 | $1,068 |
| Mar | $880 | $950 |
| Apr | $1,099 | $999 |
| May | $905 | $1,071 |
| Jun | $750 | $1,149 |
| Jul | $930 | $1,299 |
| Aug | $1,015 | $1,000 |
| Sep | $930 | No data |
| Oct | $825 | No data |
| Nov | $1,299 | No data |
| Dec | $1,200 | No data |
Market temperature
The Richmond, MI rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Richmond, MI is 50% lower than the national average.
$1,050
$2,100
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Frequently asked questions
1. What is the average rent in Richmond, MI?
The average rent in Richmond, MI is $1,050.
2. How much does it cost to rent a house in Richmond, MI?
Houses in Richmond, MI rent between $899 - $1,350 with an average rent of $1,050.
3. How has the rent in Richmond, MI changed in the last year?
In the last year, the rent in Richmond, MI increased by $78
4. How much has the rent in Richmond, MI increased/decreased in the last month?
In the last month, the rent in Richmond, MI increased by $50
5. How many available rentals are there in Richmond, MI?
There are currently 5 rentals available in Richmond, MI.
6. How do rent prices in Richmond, MI compare with the national average?
The average rent in Richmond, MI is $1,050 — 50% lower the national average of $2,100.