Cheap Apartments for Rent in Richmond, KY from $500 (35 Rentals)

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

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East Ridge Apartments
$725 - $1,050
Total Monthly Price

Total Monthly Price

Base Rent
$725 - $1,050
Total Monthly Price
$725 - $1,050
1 to 2 Bedroom Apartments Contact Us For Availability

East Ridge Apartments

410 Jason DrRichmond, KY 40475
Student Housing
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 9001 Landon Ln

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 2 Bath Townhome for Rent

Available Jun 15

9001 Landon Ln

RichmondKY40475
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Pebblecreek Crossing
1 to 2 Bedroom Apartments

Pebblecreek Crossing

418 Big Hill AveRichmond, KY 40475
Senior Living
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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Oak Hill Apartments
2 Bedroom Apartments

Oak Hill Apartments

2100 Pavilion WayRichmond, KY 40475
  • Utilities Included
Showing Results 1-35, Page 1 of 1

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 Katelyn Court Apartments priced from $595. Pebblecreek Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $724. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$595
Pebblecreek CrossingOne Bedroom1BR,1BA$724
Park Place1 Bedroom, 1 Bath1BR,1BA$740
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741
Reserves of MadisonThe Heritage1BR,1BA$825
1040 Brandy LnTwo Bed2BR,1BA$900
The Resort Apartments1BD/ 1 BA1BR,1BA$1,045
The Villages at Lake Reba1BD/ 1 BA1BR,1BA$1,045
Legacy Lake ApartmentsOne Bedroom One Bath1BR,1BA$1,160

Best Value Apartments for Rent in Richmond, KY

As of June 14, 2026 the best value apartment in the Richmond area is the $1.11 price per square foot 309 McDougal Ave Model at 309 McDougal Ave, Unit 1 in the starting from $1,500. The second greatest value Richmond apartment is the 3 Bedroom Model at Twin Lakes Apartments starting at $1,262 with a $0.95 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.
309 McDougal Ave, Unit 1309 McDougal Ave3BR,2BA$1.11
Twin Lakes Apartments3 Bedroom3BR,2BA$0.95
2005 Willow Dr3BR/2.5BA3BR,2.5BA$1.19
907 Weeping Willow Dr, Unit 907-4907 Weeping Willow Dr3BR,2.5BA$1.00
The Villages at Lake Reba2 BDR / 2BA2BR,2BA$1.32
Reserves of MadisonThe Heritage1BR,1BA$1.10
1040 Brandy LnTwo Bed2BR,1BA$1.25
Pebblecreek CrossingOne Bedroom1BR,1BA$1.03
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$1.08
Park Place1 Bedroom, 1 Bath1BR,1BA$1.38

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Richmond, KY Rentals by Map

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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 $595 at Katelyn Court 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 $886 at Shawnee Trail Apartments.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at 1040 Brandy Ln and starts from $1,000.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.