Apartments for Rent in Richmond, KY

Prices and availability in Richmond, KY were last updated on 12 Sep 2026.

The best apartments in Richmond, KY are: Ty Lane Apartments, Fountain Brook Apartments, Twin Lakes Apartments, Ash Park Apartments and Richmond Green Apartments.

The average rent in Richmond, KY is $871.

The price range for a 1-bedroom apartment in Richmond, KY is between $740 and $979.

The price range for a 2-bedroom apartment in Richmond, KY is between $840 and $1,450.

The price range for a 3-bedroom apartment in Richmond, KY is between $927 and $1,450.

In Richmond, 62% of the residents are renting compared to 38% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 4% of Richmond's rentals, 82% are small-scale complexes with under 50 units, and 13% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Richmond are about 28 years old, on average. Of these, 38% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 91% of the rental communities here are low-rise, garden-style communities, 5% are mid-rises, and 5% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Richmond come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 36% of the total apartments in the city, while 2-bedroom floorplans represent around 52% of all rentals in Richmond. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.