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3 Bedroom Apartments for Rent in Richmond, KY - 3 Rentals available

  • Apartment in Richmond
    633 Big Hill Avenue, Richmond, KY 40475
    $535 - $820
    • 1-3 Beds
    • 1 Bath
    Available Today!
    (859) 623-8860

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Richmond, KY Demographics

  • Total Population32,574
  • Female 15,523
    Male 17,051
  • Median Age26.5

Average Rent in Richmond, KY

  • Richmond, KY Average Rental Price, January 2019$682/mo

Richmond, KY Apartment Rent Ranges

  • < $50022%
  • $501-$70040%
  • $701-$1,00038%

Richmond, KY Rent Trends

Average Rent May / 2017 Sept / 2017 Jan / 2018 May / 2018 Jan / 2019
Richmond, KY $683 $661 $654 $654 $682
National $1,354 $1,366 $1,366 $1,381 $1,396
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Richmond, KY Households

  • Total Number of Households12,879
  • Family 6,007
    Non-family 6,872
  • Children 3,264
    No Children 9,615
  • Average People Per Household2.19
  • Median Household Income$30,621
  • Median Housing Costs Per Month$655

Richmond, KY Education Statistics

  • No High School3%
  • Some High School31%
  • Some College37%
  • Associate Degree4%
  • Bachelor Degree16%
  • Graduate Degree8%

Renting a 3 bedroom apartment in Richmond, KY

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 775 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Richmond, KY, rents on 3 bedroom apartments go up to $820. 1 rental property offers 3 bedroom units in Richmond, KY to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Richmond, KY

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $535 in Richmond, KY, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Richmond or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.