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Richmond, IL Homes for Rent

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  • /20

    Starting at $1,420 Per Month

    • 1 Bed

    8400 Cunat Blvd, Richmond, IL 60071

    Come home to Highlands of Kensington Manor and enjoy the advantages of spacious apartments. We have a wide variety of living spaces to choose from, all with large closets and modern amenities. You'll love our beautiful swimming pool and clubhouse. Call today to make Highlands of Kensington Manor your new home.

    Highlands of Kensington Manor

    (815) 862-4864

    8400 Cunat Blvd, Richmond, IL 60071
  • /17

    $1,695 Per Month

    • 2 Beds
    • 2 Baths
    • 1,010 Sq Ft
    • Condo for Rent

    500 Cunat Blvd Unit 2B, Richmond, IL 60071

    Property Id: 1203796Rarely Available 2BR/2BA Condo with Private Garage, Pond Views & In-Unit Laundry - Richmond, ILAvailable immediately. Highly sought-after second-floor condo offering 2 bedrooms, 2 full baths, approximately 1,010 sq ft, private balcony with pond views, and a detached one-car garage with storage area.Features include an open floor plan, private primary

    (815) 862-4201

    500 Cunat Blvd Unit 2B, Richmond, IL 60071
  • /14

    $1,125 Per Month

    • 1 Bed
    • 1 Bath
    • 625 Sq Ft
    • Condo for Rent

    430 Cunat Blvd Unit 3G, Richmond, IL 60071

    Great opportunity! NO PETS and CREDIT SCORE near 700 or better. Secure 3rd floor condo with Vaulted Ceilings. Available June 15th or later. Spacious kitchen with European-style cabinetry and breakfast bar. Laundry in unit! Neutral paint, newer light fixtures and carpeting throughout! Master bedroom with walk-in closet, living room with access to private balcony! Updated bathroom. Lock in the rent

    Michael Machlet RE/MAX Liberty

    430 Cunat Blvd Unit 3G, Richmond, IL 60071
  • /21

    $1,750 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Apartment for Rent

    300 Cunat Blvd Unit 2C, Richmond, IL 60071

    Welcome home to this beautifully updated 2-bedroom, 1-bath condo in the highly desirable Kensington Manor community. Offering the perfect blend of comfort, convenience, and modern updates, this spacious residence is ready for immediate enjoyment. The bright and inviting floor plan features energy-efficient appliances, in-unit laundry, and a generous primary suite complete with a walk-in closet

    Christine Hjorth Keller Williams North Shore West

    300 Cunat Blvd Unit 2C, Richmond, IL 60071

Why Live in Richmond

Richmond, Illinois, is a commuter village located about 50 miles northwest of Chicago, known for its historical architecture and attractions. The charming downtown area serves as a central hub for retail, dining, and community events. Homebuyers in Richmond can choose from a variety of home styles, including modest single-story homes, Victorian-inspired properties, split-levels, and ranch-style homes. Residences often sit on single or double lots or sprawling acreage, with personal car garages and driveways. The village offers top-tier education options, with Richmond Grade School, Nippersink Middle School, and Richmond-Burton High School all receiving high ratings. Richmond-Burton High School is particularly noted for its strong academics and impressive sports facilities. For outdoor enthusiasts, the nearby Glacial Park Nature Preserve Area spans over 2,000 acres and offers hiking, biking, canoeing, and fishing opportunities. The park is also a popular spot for cross-country skiing in winter. Richmond's historical significance is highlighted through self-guided walking tours, featuring sites like the Sarah Gibbs house and the 1841-built Public School House. Main Street is lined with trendy stores, including The Cubby Café, Anderson’s Candy Shop, and Angelo’s Fresh Market, providing a diverse shopping experience. The village also hosts annual events such as St. Patrick's Day festivities, the Car Show & Coffee, and the Christmas of Yesteryear celebration, fostering a strong sense of community.

Frequently Asked Questions

How much does it cost to rent a home in Richmond, IL?
The median rent for a home in Richmond, IL is $1,695 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Richmond, IL?
To comfortably afford the median rent in Richmond, IL, a household needs to earn roughly $67,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,695 per month in Richmond, IL, renters typically need to show $5,085 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Richmond, IL?
In Richmond, IL, the price-to-rent ratio is 15.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Richmond, IL

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,695
Median Single Family Home Rent
$1,313
Median Condo Rent
$1,188
How to Rent a Home