Average Rent in Richmond, KY
Apartments & Houses by Size
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Richmond, Kentucky offers a dynamic rental market that caters to a wide spectrum of renters, from university students and young professionals to growing families. The city’s mix of historic neighborhoods, such as the vibrant downtown district and the charming Ginter Park area, provides easy access to cultural attractions like the historic Main Street, the Richmond Town Hall, and the nearby Kentucky River. With a variety of dining, shopping, and entertainment options, residents enjoy a blend of small‑town charm and urban convenience.
Apartment options in Richmond are plentiful, with one‑bedroom units typically positioned in the $7,000 range and two‑ and three‑bedroom apartments commonly found in the $1,000 range. These apartments are often located close to Virginia Tech and the University of Richmond, making them ideal for students and faculty seeking short‑term leases or amenities such as on‑site fitness centers and communal spaces. For those who prefer more space, single‑family homes are a popular choice; three‑bedroom houses average around $1,900, while larger four‑plus‑bedroom homes tend to hover near $2,400, offering ample room for families and multigenerational living.
The rental landscape is further enhanced by Richmond’s reputation for quality education, abundant parks, and easy commuter routes via I‑75. Whether you’re searching for a modern apartment near campus, a historic home in a tree‑lined neighborhood, or a spacious family house close to the Riverfront, Richmond’s rental market provides diverse options that suit a variety of lifestyles and budgets.
Richmond Rent by Property Type & Bedroom Count
Averages, medians, and ranges across recent rental listings
| Property Type | Bedrooms | Average | Median | Min – Max | 25th – 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $837 | $803 | $650 – $1,200 | $741 – $915 |
| Apartment | 2 Bedroom | $1,059 | $1,000 | $699 – $1,500 | $900 – $1,195 |
| Apartment | 3 Bedroom | $1,421 | $1,462 | $1,042 – $1,700 | $1,300 – $1,600 |
| House | 3 Bedroom | $1,830 | $1,900 | $1,250 – $2,400 | $1,550 – $2,100 |
| House | 4+ Bedroom | $2,328 | $2,300 | $2,000 – $2,800 | $2,150 – $2,400 |
Current rent in Richmond (all property types): 1 Bedroom $838, 2 Bedroom $1,129, 3 Bedroom $1,684, 4+ Bedroom $2,329.
Note: This analysis includes only bedroom types with sufficient data.
Map of City of Richmond
Outlined area shows the city boundary. Shaded regions show where rentals cluster.
About this data
Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.
If you cite, share, or republish data from this report, please credit Rentometer.