2-Bedroom Apartment Rent in Richmond, KY
Median asking rent for a 2-bedroom apartment in Richmond, Kentucky as of July 2026. That's +20% lower than the citywide median of $1,188 and +43% below the national 2-bedroom median of $1,655.
Income needed for a 2-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 2-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 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Morehead | $870 |
| 2 | Corbin | $900 |
| 3 | Russellville | $900 |
| 4 | Bardstown | $920 |
| 5 | Richmond (this page) | $950 |
| 6 | Radcliff | $1,010 |
| 7 | Lawrenceburg | $1,020 |
| 8 | Paducah | $1,050 |
| 9 | Nicholasville | $1,060 |
| 10 | Paris | $1,060 |
| 11 | Versailles | $1,060 |
| 12 | Winchester | $1,060 |
| 13 | Murray | $1,080 |
| 14 | Hopkinsville | $1,130 |
| 15 | Elizabethtown | $1,140 |
Most expensive cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Prospect | $2,000 |
| 2 | Hebron | $1,670 |
| 3 | Burlington | $1,580 |
| 4 | Independence | $1,500 |
| 5 | Florence | $1,430 |
| 6 | Louisville | $1,408 |
| 7 | Vine Grove | $1,360 |
| 8 | Cold Spring | $1,330 |
| 9 | Erlanger | $1,300 |
| 10 | Fort Thomas | $1,290 |
| 11 | Alexandria | $1,280 |
| 12 | Lexington | $1,261 |
| 13 | Fort Wright | $1,236 |
| 14 | Shepherdsville | $1,230 |
| 15 | Oak Grove | $1,200 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 2-bedroom rents than Richmond.
| City | Distance | 2-Bedroom rent | vs Richmond |
|---|---|---|---|
| Winchester, KY | 18.5 mi | $1,060 | +$110 (+12%) |
| Nicholasville, KY | 19 mi | $1,060 | +$110 (+12%) |
| Lexington, KY | 21.9 mi | $1,261 | +$311 (+33%) |
| Paris, KY | 31.4 mi | $1,060 | +$110 (+12%) |
| Versailles, KY | 34 mi | $1,060 | +$110 (+12%) |
| Georgetown, KY | 37.2 mi | $1,140 | +$190 (+20%) |
| Lawrenceburg, KY | 48.8 mi | $1,020 | +$70 (+7%) |
| Frankfort, KY | 50.4 mi | $1,180 | +$230 (+24%) |
| Corbin, KY | 58.9 mi | $900 | $-50 (-5%) |
| Morehead, KY | 69 mi | $870 | $-80 (-8%) |
| Shelbyville, KY | 69.2 mi | $1,180 | +$230 (+24%) |
| Bardstown, KY | 79.6 mi | $920 | $-30 (-3%) |
2-Bedroom rent in Richmond — common questions
How much is a 2-bedroom apartment in Richmond?
As of July 2026, the median 2-bedroom apartment rent in Richmond, Kentucky is $950 per month. This is +20% below the citywide median of $1,188.
What income do you need to afford a 2-bedroom in Richmond?
Using the standard 30% rent-to-income rule, you would need an annual income of about $38,000 ($3,167/month gross), which works out to roughly $18.27/hour at a full-time job.
Is Richmond expensive for a 2-bedroom compared to the rest of the US?
Richmond's 2-bedroom median of $950 is +43% below the national 2-bedroom median of $1,655. It ranks in the 3th percentile of US cities tracked.
How does Richmond rank for 2-bedroom rent in Kentucky?
Among the 39 cities in Kentucky with 2-bedroom data, Richmond ranks #5 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Richmond?
Yes — nearby cities with cheaper 2-bedroom rents include Corbin ($900), Morehead ($870), Bardstown ($920).