Last updated on July 23, 2026

Average rent in
Richmond, KY

Key takeaways for renters

  • Where Richmond rent stands today

    Richmond, KY rent rose 20.6% year over year, with a current median of $1,202/month. Renters today are paying $81 more per month on average than last year, reaching the peak rent level of $1,275/month in July 2026.

  • Richmond, KY sits 38.2% more affordable than the $1,945/month national median. The city has 146 total rentals available, offering options for renters in this mid-tier market.

  • Rent ranges by bedroom

    Studios in Richmond, KY rent for $1,550/month, 1-bedrooms for $755/month, 2-bedrooms for $950/month, 3-bedrooms for $1,575/month, and 4+ bedrooms for $2,350/month. This range shows the variation renters face by unit size.

  • Price ranges

    Houses in Richmond, KY rent for a median of $1,850/month while apartments rent for $950/month. The market is roughly evenly split between houses and apartments, reflecting diverse housing options.

Median rent

Median rent in Richmond

$1,202/mo

increased by21%

vs previous year

The average rent in Richmond is $1,202 per month as of July 2026. This is 38% below the national average rent, or $742 less per month.

$1.13

average price per square foot

Total rentals

Available rentals in Richmond

146

for rent on Zumper.com as of July 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 6% over the last month and have increased by 21% 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 $950, whereas a house costs $1,850. 1-bedroom apartments in Richmond run $755 on average, while 2-bedroom apartments are $950.

Listings

Studio

$1,550

No Change

103%

1 bedroom

$755

4%

9%

2 bedroom

$950

No Change

7%

3 bedroom

$1,575

1%

5%

4 bedroom

$2,350

1%

2%

Studio

Average rent

$1,550

Last year

103%

1 bedroom

Average rent

$755

Last 30 days

4%

Last year

9%

2 bedroom

Average rent

$950

Last 30 days

No Change

Last year

7%

3 bedroom

Average rent

$1,575

Last 30 days

1%

Last year

5%

4 bedroom

Average rent

$2,350

Last 30 days

1%

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$1,202
decreased by38%

lower than the national median

Median rent price$1,000
decreased by49%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, KY is 20% higher than the median rent in Berea, KY.

Discover rentals in Richmond, KY

Madison Avenue Apartments - Photo 1 of 1

3d 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 Nov 25

Call

Blue Country Apartments - Photo 1 of 1

1d 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

$850–$1,250

Apartment for rent

Call

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

3h ago

8.8

Very good

Signature Rentals-235 Wayne Dr.

235 Wayne Dr, Richmond, KY 40475

2 beds

1 bath

$800–$875

Apartment for rent

2d ago

8.3

Very good

213 Keystone Drive

213 Keystone Dr, Richmond, KY 40475

2 beds

1 bath

$850

Apartment for rent

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 $1,202 per month as of July 18, 2026.

Is rent up or down in Richmond?

Average rent prices in Richmond have increased by 6% over the last month and have increased by 21% since last year.

How does Richmond rent compare to the national average?

Rent in Richmond is 38% below the national average, which means renters are paying approximately $742 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 $48,000/year, based on spending no more than 30% of your income on rent.

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

Based on Zumper's July 2026 data, one-bedroom apartments in Richmond average around $730/month and two-bedrooms approximately $950/month. Both bedroom types showed restrained growth with increases of just 1.3% and 1.4% year over year respectively.

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