Cheap Apartments for Rent in Richmond, KY
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Average Rent Trends in Richmond, KY
Rent in Richmond, KY varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,263 |
| Nov 2025 | $1,300 |
| Dec 2025 | $1,250 |
| Jan 2026 | $1,200 |
| Feb 2026 | $1,175 |
| Mar 2026 | $1,175 |
| Apr 2026 | $1,250 |
| May 2026 | $1,250 |
| Jun 2026 | $1,250 |
| Jul 2026 | $1,350 |
| Aug 2026 | $1,350 |
| Sep 2026 | $1,300 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $755 | $1,000 | $1,550 | $2,395 | $1,258 |
| Townhomes | — | $1,158 | $1,540 | — | $1,300 |
| Apartments and Condos | $725 | $925 | $1,430 | $1,600 | $950 |
| Houses | $725 | $1,200 | $1,645 | $2,400 | $2,100 |
Frequently Asked Questions about Rentals in Richmond, KY
- What is the average rent of an apartment in Richmond, KY?The average rent of an apartment in Richmond, KY is $1,125 per month. This is about 42% lower than the national average.
- What are the cheapest months to find an apartment to rent in Richmond, KY?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $1,250 per month.
- How many cheap apartments are available in Richmond, KY?There are 148 apartments to rent that are cheaper than the city’s average rent of $1,258.
- When is the average rent most expensive in Richmond, KY?In the last year, the average rent in Richmond, KY was highest in Aug 2025 when it was $1,500 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Richmond, KY?The average rent of a 1 bedroom apartment in Richmond, KY is $755 per month. That is about $70 less than the cost of a studio apartment.
- What colleges and universities are in Richmond, KY?Colleges and universities in Richmond, KY include: Eastern Kentucky University.
- What are some zip codes in Richmond, KY?
- What are some cities near Richmond, KY?Some nearby cities include: Waco, Paint Lick, Berea, Nicholasville, Lancaster. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Richmond, KY - 301 Rentas | Trulia