Last updated on October 22, 2026

Average rent in
Richmond, KY

Key takeaways for renters

  • Where Richmond rent stands today

    Richmond, KY rent rose 10.6% year over year, with a current median of $1,100/month. Rent sits 6.3% below the recent peak of $1,275/month in July 2026, showing a steady market position.

  • Richmond's median rent is 42.1% more affordable than the $1,900/month national median. The city has 153 total rentals across apartments and houses, positioning it as a moderately priced market.

  • Price ranges

    Studios rent for $570/month, 1-bedrooms for $725/month, and 2-bedrooms for $950/month, with 3-bedrooms at $1,550/month and 4+ bedrooms at $2,350/month. The range reflects diverse options for renters across bedroom sizes.

Median rent

Median rent in Richmond

$1,100/mo

increased by11%

vs previous year

The average rent in Richmond is $1,100 per month as of October 2026. This is 42% below the national average rent, or $800 less per month.

$1.08

average price per square foot

Total rentals

Available rentals in Richmond

153

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Richmond rentals at each price point

60%45%30%15%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Richmond, KY

Average rent prices in Richmond have increased by 4% over the last month and have increased by 11% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Richmond, KY

Rent prices in Richmond vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Richmond is $925, whereas a house costs $1,800. 1-bedroom apartments in Richmond run $725 on average, while 2-bedroom apartments are $950.

Listings

Studio

$570

31%

25%

1 bedroom

$725

1%

4%

2 bedroom

$950

1%

3%

3 bedroom

$1,550

3%

15%

4 bedroom

$2,350

3%

2%

Studio

Average rent

$570

Last 30 days

31%

Last year

25%

1 bedroom

Average rent

$725

Last 30 days

1%

Last year

4%

2 bedroom

Average rent

$950

Last 30 days

1%

Last year

3%

3 bedroom

Average rent

$1,550

Last 30 days

3%

Last year

15%

4 bedroom

Average rent

$2,350

Last 30 days

3%

Last year

2%

The table above reflects average rent prices in Richmond, KY, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Richmond, KY compare to other cities?

Compare median rent prices in Richmond and Berea by all bedroom counts and property types.

Richmond

Median rent price$1,100
decreased by42%

lower than the national median

Median rent price$1,050
decreased by45%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, KY is 5% higher than the median rent in Berea, KY.

Discover rentals in Richmond, KY

Madison Avenue Apartments - Photo 1 of 1

5d+ ago

9.8

Excellent

Our team has verified this company

Verified

Madison Avenue Apartments

241 N Madison Ave, Richmond, KY 40475

1–3 beds

1 bath

$655–$977

Call

124 Alycia Drive - Photo 1 of 1

1d ago

8.4

Very good

124 Alycia Drive

124 Alycia Dr, Richmond, KY 40475

1–2 beds

1 bath

$675–$950

Blue Country Apartments - Photo 1 of 1

18h ago

9.7

Excellent

Our team has verified this company

Verified

Blue Country Apartments

254 Lombardy St Apt 24, Richmond, KY 40475

Studio–3 beds

1 bath

$825–$1,250

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.

Call

Signature Rentals-235 Wayne Dr. - Photo 1 of 1

3d ago

8.8

Very good

Signature Rentals-235 Wayne Dr.

235 Wayne Dr, Richmond, KY 40475

2 beds

1 bath

$800–$875

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Richmond, KY

Quick answers to common questions about the Richmond rental market.

How much is rent in Richmond?

The average rent in Richmond is $1,100 per month as of October 17, 2026.

Is rent up or down in Richmond?

Average rent prices in Richmond have increased by 4% over the last month and have increased by 11% since last year.

How does Richmond rent compare to the national average?

Rent in Richmond is 42% below the national average, which means renters are paying approximately $800 less per month.

What salary do I need to afford rent in Richmond?

To comfortably afford rent in Richmond, you'd need to earn approximately $44,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Richmond?

February offers the best rental deals in Richmond, with rents running about 11% lower than December's peak pricing. This seasonal variation creates clear timing opportunities for prospective renters looking to save on their monthly housing costs.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Berea