Richmond, KY Rental Market Trends
The average rent for an apartment in Richmond is $688, a 1% increase compared to the previous year, when the average rent was $682.
Average Rent in Richmond, KY
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$688||1%||851 sq. ft.|
The average size for a Richmond, KY apartment is 851 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Richmond, KY Apartment Rent Ranges
- < $50012%
Richmond, KY Occupied Housing Units
- Renter-occupied Households51%
- Owner-occupied Households48%
6,703 or 51% of the households in Richmond, KY are renter-occupied while 6,251 or 48% are owner-occupied.
Richmond, KY Rent Trends
|Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019|
How Does Richmond Compare to Nearby Cities
|Average Rent||Y-o-Y Change|
For more information about the Richmond rental trends, check out our monthly rent report