Cheap Apartments for Rent in Richmond, KY from $600 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in Richmond.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Park Place
1 to 2 Bedroom Apartments

Park Place

535 Mahaffey DrRichmond, KY 40475
  • Utilities Included
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Blue Country Apartments
Studio to 3 Bedroom Apartments

Blue Country Apartments

511-519 Ballard DrRichmond, KY 40475
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Richmond, KY Local Guide

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, KY is a 1 Bed unit found at Shawnee Trail Apartments priced from $726. Reserves of Madison has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$726
Reserves of MadisonThe Heritage1BR,1BA$775
Pebblecreek CrossingTwo Bedroom2BR,1BA$859
Fountain Brook Apartments1 Bedroom1BR,1BA$895
The ResortOne Bedroom1BR,1BA$995

Best Value Apartments for Rent in Richmond, KY

As of July 02, 2025 the best value apartment in the Richmond area is the $1.23 price per square foot 8022 Wilburn Way Model at 8022 Wilburn Way, Unit 8022 in the starting from $1,400. The second greatest value Richmond apartment is the One Bedroom Model at The Resort starting at $995 with a $1.11 price per square foot . Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8022 Wilburn Way, Unit 80228022 Wilburn Way2BR,2BA$1.23
The ResortOne Bedroom1BR,1BA$1.11
Pebblecreek CrossingTwo Bedroom2BR,1BA$0.97
226 Lancaster Ave, Unit Apartment D226 Lancaster Ave1BR,1BA$1.06
Reserves of MadisonThe Heritage1BR,1BA$1.03
Fountain Brook Apartments1 Bedroom1BR,1BA$1.38
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$1.38
203 W Irvine St, Unit 4203 W Irvine StStudio ,1BA$1.30

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Richmond, KY Rentals by Map

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Getting Around Richmond, KY

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Richmond Apartments

How much is rent for a Cheap One Bedroom Richmond Apartment?

The lowest price for a Cheap One Bedroom Richmond Apartment is $726 at Shawnee Trail Apartments.

What is the lowest price for a Cheap Two Bedroom Richmond Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Richmond is starting from $859 at Pebblecreek Crossing.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.