Apartments for Rent in Richmond, KY

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

The average rent in Richmond, KY is $871.

The price range for a studio apartment in Richmond, KY is between $1,550 and $1,600.

The price range for a 1-bedroom apartment in Richmond, KY is between $724 and $979.

The price range for a 2-bedroom apartment in Richmond, KY is between $724 and $1,600.

The price range for a 3-bedroom apartment in Richmond, KY is between $1,120 and $1,600.

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.

Studio apartments in Richmond are around 4% of rentals, while 1-bedroom floor plans represent 36% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 52% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.