Cheap Apartments for Rent in Richmond, KY from $695 (50 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 542 Reynolds Dr
$1,175

Total Monthly Price

Base Rent$1,175
Total Monthly Price$1,175
2 Bedroom, 2.5 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

542 Reynolds Dr

RichmondKY40475
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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
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Pebblecreek Crossing
1 to 2 Bedroom Apartments

Pebblecreek Crossing

418 Big Hill AveRichmond, KY 40475
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Oak Hill Apartments
2 Bedroom Apartments

Oak Hill Apartments

2100 Pavilion WayRichmond, KY 40475
  • Utilities Included

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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property at 1053 Merrick Dr
$1,295
3 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

1053 Merrick Dr

RichmondKY40475

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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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 $695. East Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. 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$695
East Ridge ApartmentsOne Bedroom1BR,1BA$725
386 Gibson Ln386 Gibson1BR,1BA$740
Park Place1 Bedroom, 1 Bath1BR,1BA$740
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741
Reserves of MadisonThe Heritage1BR,1BA$825
Ty Lane Apartments1 Bedroom (600sqft)1BR,1BA$850
Pebblecreek Crossing1x11BR,1BA$850
1040 Brandy LnTwo Bed2BR,1BA$900
Fountain Brook Apartments1 Bedroom1BR,1BA$925

Best Value Apartments for Rent in Richmond, KY

As of September 13, 2026 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 2 BDR / 2BA Model at The Resort Apartments starting at $1,345 with a $1.22 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 Resort Apartments2 BDR / 2BA2BR,2BA$1.22
204 Aqueduct Dr, Unit 204A204 Aqueduct Dr3BR,2BA$1.32
Vines at Saddlebrook3 x 13BR,1BA$0.98
East Ridge ApartmentsOne Bedroom1BR,1BA$0.81
Ty Lane Apartments1 Bedroom (755sqft)1BR,1BA$1.21
Reserves of MadisonThe Heritage1BR,1BA$1.10
1040 Brandy LnTwo Bed2BR,1BA$1.25
Pebblecreek Crossing1x11BR,1BA$1.21
Katelyn Court Apartments1 Bed, 1 bath1BR,1BA$1.26

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 $695 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 Vines at Saddlebrook and starts from $935.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.