Cheap Homes for Rent in Richmond, KY from $800 (18 Rentals)

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

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.

property at 303 McDougal Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

3 Bedroom, 1.5 Bath Home for Rent

Available Now

303 McDougal Ave

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.

property at 3032 Ransom Way

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

3 Bedroom, 2.5 Bath Townhome for Rent

Available May 1

3032 Ransom Way

RichmondKY40475
property at 115 Salter Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available May 1

115 Salter Rd

BereaKY40403

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.

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 East Ridge Apartments priced from $725. Park Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
East Ridge ApartmentsOne Bedroom1BR,1BA$725
Park Place1 Bedroom, 1 Bath1BR,1BA$740
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$741
Reserves of MadisonThe Heritage1BR,1BA$825
Richmond Green Apartments1 Bedroom (650sqft)1BR,1BA$840

Best Value Apartments for Rent in Richmond, KY

As of April 28, 2026 the best value apartment in the Richmond area is the $0.94 price per square foot 561 Hampton Way Model at 561 Hampton Way, Unit 1 in the starting from $1,500. The second greatest value Richmond apartment is the 913 Weeping Willow Dr Model at 913 Weeping Willow Dr, Unit Four starting at $1,200 with a $0.92 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.
561 Hampton Way, Unit 1561 Hampton Way3BR,2.5BA$0.94
913 Weeping Willow Dr, Unit Four913 Weeping Willow Dr3BR,2.5BA$0.92
Carriage Place Apartments2 Bedroom2BR,2BA$1.12
2005 Willow Dr3BR/2.5BA3BR,2.5BA$1.19
The Villages at Lake Reba2 BDR / 2BA2BR,2BA$1.32
East Ridge ApartmentsOne Bedroom1BR,1BA$0.81
Reserves of MadisonThe Heritage1BR,1BA$1.10
1040 Brandy LnTwo Bed2BR,1BA$1.25
Richmond Green Apartments1 Bedroom (650sqft)1BR,1BA$1.29
Park Place1 Bedroom, 1 Bath1BR,1BA$1.38

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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!

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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 80 Apartments for Rent in Richmond, KY with pricing that ranges from $700 to $2,100. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $850 to $3,900.

What is the current price range for Rental Homes in Richmond?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Richmond ranges from $850 to $3,900 with an average monthly rent of $2,027.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.