Rental market trends in Richmond, KY
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Average Apartment Cost in Richmond, KY
The average rent for apartments in Richmond, KY, is between $725 and $2,500 in 2024. For a studio apartment in Richmond, KY, the average rent is $2,500. When it comes to 1-bedroom apartments, the average rent in Richmond, KY, is $725. For a 2-bedroom apartment, the average rent is $850.
Apartment Rent Ranges in Richmond, KY
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
11% | 50% | 24% | 7% | 7% |
How Other Cities Compare to Richmond, KY
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Lexington | $1,319 | -5% |
| Georgetown | $1,075 | +9% |
| Frankfort | $770 | +40% |
| Nicholasville | $735 | -- |
| Mount Vernon | $725 | -- |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Lexington | $1,675 | +5% |
| Somerset | $1,600 | -- |
| Mount Sterling | $1,300 | -- |
| Georgetown | $1,215 | +11% |
| Clay City | $1,200 | -- |
| Winchester | $1,100 | 0% |
| Danville | $1,100 | -- |
| Lawrenceburg | $965 | -- |
| Paris | $950 | -- |
| Versailles | $900 | -- |
| Frankfort | $885 | +7% |
| Nicholasville | $835 | -30% |
| Berea | $800 | -- |
Richmond, KY Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| $700 | $700 | $700 | $700 | $725 | $750 | $725 | $725 | $725 | $725 | $725 | $725 | $725 |
| $800 | $800 | $825 | $825 | $845 | $850 | $845 | $845 | $850 | $850 | $850 | $850 | $850 |
| $995 | $995 | $995 | $995 | $1020 | $1020 | $1020 | $1020 | $1020 | $1020 | $1020 | $1020 | $1020 |
