Last updated on June 8, 2026

Average rent in
Richmond, KY

Key takeaways for renters

  • Where Richmond rent stands today

    Richmond, KY rent is essentially flat month over month and has climbed 13.2% year over year to a current median of $1,075/month. The year-over-year dollar increase is negligible, and the market remains accessible with 134 total rentals available.

  • Richmond is 44.9% more affordable than the $1,950/month national median, making it an accessible market for renters seeking value in a smaller metro with 134 total rentals.

  • Rent ranges by bedroom

    Studio rents in Richmond are $750/month, with 1-bedrooms at $725/month and 2-bedrooms at $950/month. Larger units rise to $1,598 for 3-bedrooms and $2,300 for 4+ bedrooms. These figures reflect the range renters can expect by bedroom count.

Median rent

Median rent in Richmond

$1,075/mo

increased by13%

vs previous year

The average rent in Richmond is $1,075 per month as of June 2026. This is 45% below the national average rent, or $875 less per month.

$1.11

average price per square foot

Total rentals

Available rentals in Richmond

134

for rent on Zumper.com as of June 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 remained the same over the last month and have increased by 13% 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 $900, whereas a house costs $1,725. 1-bedroom apartments in Richmond run $725 on average, while 2-bedroom apartments are $950.

Listings

Studio

$750

No Change

No Change

1 bedroom

$725

5%

5%

2 bedroom

$950

No Change

7%

3 bedroom

$1,597

2%

6%

4 bedroom

$2,300

1%

1%

Studio

Average rent

$750

1 bedroom

Average rent

$725

Last 30 days

5%

Last year

5%

2 bedroom

Average rent

$950

Last 30 days

No Change

Last year

7%

3 bedroom

Average rent

$1,597

Last 30 days

2%

Last year

6%

4 bedroom

Average rent

$2,300

Last 30 days

1%

Last year

1%

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$1,075
decreased by45%

lower than the national median

Median rent price$997
decreased by49%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, KY is 8% 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

Apartment for rent

Available Dec 3

Call

DEP-AAD410 - Photo 1 of 1

3d ago

7.8

Very good

DEP-AAD410

410 Turpin Dr, Richmond, KY 40475

2 beds

1 bath

$695

Apartment for rent

337 High Street - Photo 1 of 1

1d ago

8.1

Very good

337 High Street

337 High St, Richmond, KY 40475

2–3 beds

1–2 baths

$750–$1,400

Apartment for rent

Blue Country Apartments - Photo 1 of 1

5d+ ago

9.4

Excellent

Our team has verified this company

Verified

Blue Country Apartments

254 Lombardy St Apt 24, Richmond, KY 40475

Studio–3 beds

1 bath

$750–$1,250

Apartment for rent

Call

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 $1,075 per month as of June 6, 2026.

Is rent up or down in Richmond?

Average rent prices in Richmond have remained the same over the last month and have increased by 13% since last year.

How does Richmond rent compare to the national average?

Rent in Richmond is 45% below the national average, which means renters are paying approximately $875 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 $43,000/year, based on spending no more than 30% of your income on rent.

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

One-bedroom apartments in Richmond, Virginia average around $720 per month in 2025, while two-bedroom units rent for around $940 monthly. These figures represent the current market rates following year-over-year changes from 2024 levels.

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