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Newest Homes for Rent in Richmond, IL

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  • /20

    Starting at $1,520 Per Month

    • 2 Beds

    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
  • /12

    $1,300 Per Month

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

    440 Cunat Blvd Unit 2F, Richmond, IL 60071

    Please read all comments here before requesting an appointment. Thank you. Spacious, cozy and efficient 1 bedroom unit with neutral decor and balcony views! The perfect place to call home! Large living space with alcove are perfect for a home office. Ample storage, walk in closet, Laundry with full size Washer and Dryer! Galley Kitchen with all appliances and Breakfast Bar! Additional highlights

    Michael Machlet RE/MAX Liberty

    440 Cunat Blvd Unit 2F, Richmond, IL 60071

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 $1,300 per month, though prices vary by neighborhood, size, and property type. As of May 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 $52,000 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 $1,300 per month in Richmond, IL, renters typically need to show $3,900 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 20.2, 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 Home Trends in Richmond, IL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,300
Median Single Family Home Rent
$1,300
Median Condo Rent
$1,225
How to Rent a Home