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Richmond, MI House for Rent

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    $950 Per Month

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • House for Rent

    69297 N Main St Unit 2, Richmond, MI 48062

    Upper 1 bedroom apartment in move-in condition - neutral colors - located over a quilt store in downtown Richmond - immediate occupancy - kitchen has refrigerator, stove, microwave and lunch counter - laundry room with washer, dryer and laundry tub - bedroom has 2 closets - deck off the back of unit - 2 parking spots off rear of building - no pets - no smoking - minimum 2-year lease - 2 months

    Susan Foster Coldwell Banker Professionals

    69297 N Main St Unit 2, Richmond, MI 48062

Frequently Asked Questions

How much does it cost to rent a single-family home in Richmond, MI?
The median rent for a single-family home in Richmond, MI is $950 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while condos 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 $46,000 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 $1,150 per month in Richmond, MI, renters typically need to show $3,450 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 24.3, 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

Number of Houses for Rent
1
Median Single Family Home Rent
$950
Median 3 Bedroom Single Family Home Rent
$2,000
How to Rent a Home