Average Rent in New Richmond, WI
Apartments & Houses by Size

Rentometer, Inc. | Data as of 10/23/2025

New Richmond offers a balanced rental market that blends historic charm with modern convenience, making it an appealing choice for professionals, families, and students alike. The city’s vibrant downtown corridor features walkable streets lined with boutique shops, cafes, and the scenic St. Croix River, while nearby parks and the renowned Oakwood Trail provide ample outdoor recreation. Residents benefit from strong schools, a friendly community atmosphere, and easy access to the larger metropolitan areas of Minneapolis–St. Paul, enhancing both lifestyle and employment opportunities.

Apartment seekers will find a diverse array of options, from efficient studios in the $1080s to spacious three‑bedroom units ranging from the $2100‑$2300 range, catering to a variety of budget and space preferences. One‑ and two‑bedroom apartments typically sit in the $1200‑$1400 and $1500s brackets, respectively, offering comfortable living spaces for couples and small families. For those desiring more private settings, single‑family homes are well represented, with two‑bedroom houses generally priced within the $1400‑$1600 range, delivering the benefits of yard space and a suburban feel while staying close to downtown amenities.

The rental landscape in New Richmond is further enriched by its notable neighborhoods such as the historic Riverfront district, known for its restored Victorian homes, and the newer Northside development, which features contemporary apartment complexes and easy freeway access. Proximity to cultural attractions like the St. Croix County History Center and annual events such as the Riverfest celebration adds vibrancy to the living experience, making New Richmond a dynamic and welcoming place to call home.

Partial Data Available: We have sufficient data for 3 Bedroom, 2 Bedroom, 1 Bedroom, Studio listings. Other bedroom types need more data for reliable statistics.

New Richmond Rent by Property Type & Bedroom Count

Property Type Bedrooms Average Median Min - Max 25th - 75th
Apartment Studio $1,084 $1,050 $605 - $1,599 $605 - $1,599
Apartment 1 Bedroom $1,249 $1,272 $750 - $1,599 $1,075 - $1,500
Apartment 2 Bedroom $1,541 $1,455 $1,150 - $2,350 $1,250 - $1,705
Apartment 3 Bedroom $2,144 $2,300 $1,399 - $2,600 $1,955 - $2,450
House 2 Bedroom $1,433 $1,600 $1,000 - $1,700 $1,000 - $1,700

In the current period, the average rent in New Richmond was $1,085 for Studio, $1,250 for 1 Bedroom, $1,528 for 2 Bedroom, and $2,123 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.

New Richmond

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Data provided by Rentometer, Inc.