Cheap Homes for Rent in Richmond, KY from $700 (11 Rentals)

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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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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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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 Morrow Rentals priced from $650. 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
Morrow Rentals1 Bed 1 Bath1BR,1BA$650
Pebblecreek CrossingOne Bedroom1BR,1BA$724
East Ridge ApartmentsOne Bedroom1BR,1BA$725
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$726
Reserves of MadisonThe Heritage1BR,1BA$775

Best Value Apartments for Rent in Richmond, KY

As of December 06, 2025 the best value apartment in the Richmond area is the $1.00 price per square foot 561 Hampton Way Model at 561 Hampton Way, Unit 1 in the starting from $1,600. The second greatest value Richmond apartment is the 991 Charlie Norris Rd Model at 991 Charlie Norris Rd, Unit Charlie Norris starting at $1,300 with a $1.00 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$1.00
991 Charlie Norris Rd, Unit Charlie Norris991 Charlie Norris Rd3BR,2BA$1.00
6084 Lauren Ln, Unit Duplex6084 Lauren Ln2BR,2BA$1.22
9029 Landon Ln, Unit 90319029 Landon Ln2BR,2BA$1.23
East Ridge ApartmentsOne Bedroom1BR,1BA$0.81
The ResortOne Bedroom1BR,1BA$1.11
Reserves of MadisonThe Heritage1BR,1BA$1.03
1040 Brandy LnTwo Bed2BR,1BA$1.25
Pebblecreek CrossingOne Bedroom1BR,1BA$1.03
Park Place2 Bedroom, 1 Bath2BR,1BA$1.22

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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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 Richmond

What type of rentals are currently available in Richmond?

There are currently 87 Apartments for Rent in Richmond, KY with pricing that ranges from $650 to $2,100. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $750 to $2,800.

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 $750 to $2,800 with an average monthly rent of $1,498.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.