Richmond, MI rental market
Last updated September 25, 2025
Rental market summary
The average rent for all bedrooms and all property types in Richmond, MI is $1,000.
$1,000
-$199
+$155
4
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $899 to $1,299.
| Rent price | Number of rental properties |
|---|---|
| $900 | 2 |
| $1,000 | 1 |
| $1,100 | 1 |
| $1,300+ | 1 |
Average rent price over time
In the last year, rent has increased by $155 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 | $1,199 |
| Oct | $825 | No data |
| Nov | $1,299 | No data |
| Dec | $1,200 | No data |
Market temperature
The Richmond, MI rental market temperature is WARM. 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 51% lower than the national average.
$1,000
$2,050
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Frequently asked questions
1. What is the average rent in Richmond, MI?
The average rent in Richmond, MI is $1,000.
2. How much does it cost to rent a house in Richmond, MI?
Houses in Richmond, MI rent between $899 - $1,299 with an average rent of $1,000.
3. How has the rent in Richmond, MI changed in the last year?
In the last year, the rent in Richmond, MI increased by $155
4. How much has the rent in Richmond, MI increased/decreased in the last month?
In the last month, the rent in Richmond, MI decreased by $199
5. How many available rentals are there in Richmond, MI?
There are currently 4 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 $1,000 — 51.22% lower the national average of $2,050.