About 23% of Richmond households rent, roughly 600 homes out of 2,500.
| Population | 5,855 |
| Households that rent | 575 (23.4%) |
| Median gross rent | $864 per month |
| Median home value | $237,700 |
| Median household income | $64,719 |
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (tables B01003, B25003, B25064, B25077, B19013).
As of October 2026, the City of Richmond does not list a rental registration or rental inspection program on its website.
Owners can confirm current requirements with the Richmond Building Department at 586-727-7571 before leasing.
Sources: City of Richmond, Building and City of Richmond Code of Ordinances, Chapter 18.
We also manage rental homes and multi-family units in New Baltimore, Chesterfield Township, Macomb Twp, Romeo and Washington Township. See every community we serve in Macomb County.
What is the average rent in Richmond, MI?
The median gross rent in Richmond is $864 per month, according to the Census Bureau’s 2020–2024 American Community Survey. Two-bedroom rentals have a median of $877.
Do I need to register my rental property in Richmond?
As of October 2026, the City of Richmond does not list a rental registration program on its website or in its code of ordinances. Owners can confirm current requirements with the Richmond Building Department at 586-727-7571.
How often does Richmond inspect rental properties?
The City of Richmond does not state a rental inspection interval. Owners can confirm current requirements with the Richmond Building Department at 586-727-7571.
How many homes in Richmond are rentals?
About 23% of occupied homes in Richmond are rented, roughly 600 households, according to the Census Bureau.
What types of Richmond properties do you manage?
We manage and lease single-family homes and multi-family units in Richmond and across Macomb County.
How do I find out what my Richmond home will rent for?
Request a free rental analysis and we will send you a rent estimate for your address.