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Richmond, MO Home for Rent

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    $1,050 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    11801 Wood Oak Ave Unit 3, Richmond, MO 64085

    Welcome to our newly remodeled 2 bedroom Duplex out side of the charming town of Richmond, MO. This thoughtfully designed unit offers a comfortable and modern living space, perfect for those seeking a fresh start. With hardwood floors and carpet, you'll experience a touch of elegance in every room. The apartment features a fully remodeled interior, boasting brand new fixtures and appliances,

    11801 Wood Oak Ave Unit 3, Richmond, MO 64085

Why Live in Richmond

Richmond, Missouri, offers a small-town atmosphere within an hour's drive of Kansas City, attracting buyers seeking a slower pace and a close-knit community. The city features a mix of historic Victorian homes and ranch-style houses, with limited new construction since 2000. Richmond's streets are rustic, often without sidewalks, and shaded by mature trees. Local amenities include a Walmart, a hospital, and a variety of dining options ranging from homestyle diners to chain restaurants. The standout Branded Steakhouse Oink & Moo BBQ & Taproom doubles as a concert venue, hosting events that draw the community together. Recreational opportunities abound with parks, ball fields, walking trails, and the semi-private Shirkey Golf Course. Ray County Lake, just over 3 miles north, is a popular fishing spot, and the Ray County Library even lends out fishing poles. The annual Richmond Mushroom Festival celebrates the local morel mushroom harvest with carnival rides, car shows, and mushroom-themed dishes, benefiting the historic Farris Theater. Despite its rural charm, Richmond provides convenient access to larger cities, with downtown Kansas City 40 miles away and Liberty less than 30 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Richmond, MO?
The median rent for a home in Richmond, MO is $1,050 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Richmond, MO?
To comfortably afford the median rent in Richmond, MO, a household needs to earn roughly $42,000 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 $1,050 per month in Richmond, MO, renters typically need to show $3,150 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, MO?
In Richmond, MO, the price-to-rent ratio is 17.5, 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 Home Trends

Number of Homes for Rent
1
Median Rent
$1,050
Median Condo Rent
$1,050
How to Rent a Home