What's the average rent in Richmond, KY?

Rental Market Trends in Richmond, KY

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Richmond, KY is $1,258 per month, which is 35% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,258
-6.9%
-$92 decrease month-over-month
-5.1%
-$67 decrease year-over-year

AVAILABLE RENTALS

252

APARTMENTS

$1,125

HOUSES

$2,100

TOWNHOUSES

$1,300
As of September 2026, apartments are the most affordable rental option in Richmond, KY at $1,125 per month, while houses are the most expensive at $2,100 per month. Townhomes average $1,300 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan typeAverage rent
1 Bedroom$755
2 Bedrooms$1,000
3 Bedrooms$1,550
4 Bedrooms$2,395
All$1,258
As of September 2026, the average rent for a 1 bedroom rental in Richmond, KY is $755 per month, followed by $1,000 for a 2 bedroom rental, $1,550 for a 3 bedroom rental, and $2,395 for a 4 bedroom rental.

Average rent trends and rent ranges

Average rent price over time

In the past year, rent has decreased by -10% compared to the previous year, which is a $150 decrease.
This year (2026)
Last year (2025)

Rent distribution

52% of rentals have rent of $800-$1,499/month

Rental price range

The price range for rentals is $425 to $3,900.
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