West 5th Townhomes
1920 W 5th St,
New Richmond, WI 54017
2 Beds | $1,750
Rental Market Trends in New Richmond, WI
Updated July 2026
The average rent in New Richmond, WI is $1,261/month.
Rent in New Richmond is 24% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,261/month
Average Rent
664 Sq Ft
Average Size
+1.1%
Change / Year
84
Available Apartments
New Richmond rent varies by unit size and layout:
- Studio apartments in New Richmond average $1,050 per month.
- One-bedroom apartments in New Richmond average $1,261 per month.
- Two-bedroom apartments in New Richmond average $1,484 per month.
- Three-bedroom apartments in New Richmond average $1,800 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in New Richmond, WI?
In the past year, rent has increased by 1.1%, which averages out to $15 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in New Richmond, WI
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
22%
$700 - $1,000/month
33%
$1,001 - $1,500/month
44%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in New Richmond, WI?
Because the average rent in New Richmond is $1,261, you’ll want to make about $4,203 per month or $50,436 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does New Richmond, WI compare to other nearby cities and neighborhoods?
Use the tool below to compare New Richmond, WI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the New Richmond Area GuideApartment Communities in New Richmond We Think You'll Love
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Frequently Asked Questions
What is the average rent in New Richmond?
The average rent in New Richmond is $1,261 per month, which is 24.2% lower than the national average of $1,663.
What is the average rent for a townhome in New Richmond?
The average rent for a townhome in New Richmond, WI is $1,775 per month.
Are rents going up or down in New Richmond?
Rents in New Richmond, WI are increasing, with prices up 1.1% year-over-year and $15 more per month.
What rent range is most common in New Richmond?
In New Richmond, WI, 44% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.