1-Bedroom Apartment Rent in Richmond, KY
Median asking rent for a 1-bedroom apartment in Richmond, Kentucky as of July 2026. That's +30% lower than the citywide median of $1,188 and +41% below the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Richmond
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Richmond
Compare Richmond's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Kentucky
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Corbin | $690 |
| 2 | Russellville | $690 |
| 3 | Bardstown | $700 |
| 4 | Morehead | $700 |
| 5 | Paducah | $810 |
| 6 | Radcliff | $810 |
| 7 | Murray | $820 |
| 8 | Richmond (this page) | $830 |
| 9 | Fort Wright | $860 |
| 10 | Hopkinsville | $880 |
| 11 | Owensboro | $880 |
| 12 | Newport | $890 |
| 13 | Nicholasville | $890 |
| 14 | Paris | $890 |
| 15 | Versailles | $890 |
Most expensive cities for a 1-bedroom in Kentucky
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Prospect | $1,640 |
| 2 | Hebron | $1,290 |
| 3 | Burlington | $1,220 |
| 4 | Independence | $1,160 |
| 5 | Louisville | $1,159 |
| 6 | Florence | $1,100 |
| 7 | Vine Grove | $1,070 |
| 8 | Lexington | $1,061 |
| 9 | Shelbyville | $1,040 |
| 10 | Cold Spring | $1,030 |
| 11 | Shepherdsville | $1,010 |
| 12 | Bowling Green | $1,007 |
| 13 | Fort Thomas | $1,000 |
| 14 | Erlanger | $1,000 |
| 15 | Alexandria | $990 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 1-bedroom rents than Richmond.
| City | Distance | 1-Bedroom rent | vs Richmond |
|---|---|---|---|
| Winchester, KY | 18.5 mi | $890 | +$60 (+7%) |
| Nicholasville, KY | 19 mi | $890 | +$60 (+7%) |
| Lexington, KY | 21.9 mi | $1,061 | +$231 (+28%) |
| Paris, KY | 31.4 mi | $890 | +$60 (+7%) |
| Versailles, KY | 34 mi | $890 | +$60 (+7%) |
| Georgetown, KY | 37.2 mi | $960 | +$130 (+16%) |
| Lawrenceburg, KY | 48.8 mi | $900 | +$70 (+8%) |
| Frankfort, KY | 50.4 mi | $970 | +$140 (+17%) |
| Corbin, KY | 58.9 mi | $690 | $-140 (-17%) |
| Morehead, KY | 69 mi | $700 | $-130 (-16%) |
| Shelbyville, KY | 69.2 mi | $1,040 | +$210 (+25%) |
| Bardstown, KY | 79.6 mi | $700 | $-130 (-16%) |
1-Bedroom rent in Richmond — common questions
How much is a 1-bedroom apartment in Richmond?
As of July 2026, the median 1-bedroom apartment rent in Richmond, Kentucky is $830 per month. This is +30% below the citywide median of $1,188.
What income do you need to afford a 1-bedroom in Richmond?
Using the standard 30% rent-to-income rule, you would need an annual income of about $33,200 ($2,767/month gross), which works out to roughly $15.96/hour at a full-time job.
Is Richmond expensive for a 1-bedroom compared to the rest of the US?
Richmond's 1-bedroom median of $830 is +41% below the national 1-bedroom median of $1,395. It ranks in the 8th percentile of US cities tracked.
How does Richmond rank for 1-bedroom rent in Kentucky?
Among the 39 cities in Kentucky with 1-bedroom data, Richmond ranks #8 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Richmond?
Yes — nearby cities with cheaper 1-bedroom rents include Corbin ($690), Morehead ($700), Bardstown ($700).