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Richmond, IL Homes for Rent

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  • /20

    Starting at $1,185 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

    8400 Cunat Blvd, Richmond, IL 60071
  • /10

    $1,300 Per Month

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

    330 Cunat Blvd Unit 3D, Richmond, IL 60071

    Penthouse condo with vaulted ceilings. Private balcony viewing nature. Freshly painted, new ceiling fans and light fixtures. New LVP flooring thru out featuring premium 'Floor Muffler" underlayment, providing noise reduction, thermal & moisture protection. The kitchen features new countertops, new dishwasher and a breakfast bar. The living room features a flex space - make it your home office or

    Kathleen Ricketts Century 21 Circle

    330 Cunat Blvd Unit 3D, Richmond, IL 60071
  • /11

    $925 Per Month

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

    10102 N Main St, Richmond, IL 60071

    Quite & Large one bedroom apartment with eat in kitchen, hardwood floors, large closet spaces, and private deck. Second floor unit. Freshly painted and new carpet. Sorry, no animals allowed.

    10102 N Main St, Richmond, IL 60071
  • /13

    $1,700 Per Month

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

    300 Cunat Blvd Unit 2B, Richmond, IL 60071

    Recently remodeled 2 bedrooms, 2 full bathrooms Manchester model that is the largest in Kensington Manor subdivision. Modern kitchen with all new stainless still appliance, breakfast bar and granite countertops. Both bathrooms are updated with shower and soaking bath. Two walk-in closets. No carpet in entire unit, recessed lights and fresh paint throughout. Large, private balcony. In unit Laundry

    Adriana Ostrowska HomeSmart Connect LLC

    300 Cunat Blvd Unit 2B, 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 $1,475 per month, though prices vary by neighborhood, size, and property type. As of August 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 $59,000 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 $1,475 per month in Richmond, IL, renters typically need to show $4,425 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 17.7, 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.
What neighborhoods in Richmond, IL are best for renting a home?
The best neighborhood for renting in Richmond, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Northeast Fox Lake and East Lakemoor, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,475
Median Single Family Home Rent
$1,388
Median Condo Rent
$1,225
How to Rent a Home