Richmond, MI Condos for Rent

/6
$950 Per Month
- 1 Bed
- 1 Bath
- 530 Sq Ft
- Condo for Rent
36986 Division Unit 3, Richmond, MI 48062

Welcome to this charming apartment located at 36986 Division Road in Richmond, MI. Unit #3 offers a cozy living space with 530.0 square feet, featuring 1 bedroom and 1 bathroom. This unit is perfect for those seeking a comfortable and convenient living arrangement.The apartment boasts a well-designed layout that maximizes space and natural light. The living area is spacious and inviting,

36986 Division Unit 3, Richmond, MI 48062
/6
$990 Per Month
- 1 Bed
- 1 Bath
- 605 Sq Ft
- Condo for Rent
36988 Division Rd Unit C, Richmond, MI 48062

Welcome to your new home at 36988 Division Road, Unit #C, Richmond, MI 48062. This charming apartment offers a cozy and efficient living space, featuring 605 square feet of thoughtfully designed comfort. Step inside to discover a well-appointed one-bedroom, one-bathroom layout that maximizes every inch of space. The living area is bright and inviting, perfect for relaxing or entertaining

36988 Division Rd Unit C, Richmond, MI 48062
/5
$890 Per Month
- 1 Bed
- 1 Bath
- 539 Sq Ft
- Condo for Rent
36986 Division Unit 5, Richmond, MI 48062

Welcome to your cozy retreat at 36986 Division Road in Richmond, MI! This newly renovated 1-bedroom, 1-bathroom unit offers 539 sq. ft. of thoughtfully designed living space, perfect for those seeking comfort and convenience. This well-maintained property features a bright and airy interior filled with natural light, creating a warm and inviting atmosphere. The unit boasts a functional

36986 Division Unit 5, Richmond, MI 48062

Michigan Macomb County Richmond

Frequently Asked Questions

How much does it cost to rent a condo in Richmond, MI?

The median rent for a condo in Richmond, MI is $970 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, MI?

To comfortably afford the median rent in Richmond, MI, a household needs to earn roughly $38,000 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 $950 per month in Richmond, MI, renters typically need to show $2,850 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, MI?

In Richmond, MI, the price-to-rent ratio is 28.9, 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.

Condo Rental Trends in Richmond, MI

There are currently 3 condos available for rent in Richmond, MI. The median rent is $970 per month, with 1-bedroom condos renting at $950 and 2-bedroom condos at $1,280.

Rental Home Trends

Number of Condos for Rent 3	Median Condo Rent $970
Median 1 Bedroom Condo Rent $950	Median 2 Bedroom Condo Rent $1,280

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