Studio Apartment Rent in Richmond, KY
Median asking rent for a studio apartment in Richmond, Kentucky as of August 2026. That's +37% lower than the citywide median of $1,179 and +43% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Richmond
Compare Richmond's median rent across every apartment size.
Cheapest cities for a studio in Kentucky
| # | City | Studio rent |
|---|---|---|
| 1 | Morehead | $630 |
| 2 | Bardstown | $660 |
| 3 | Paducah | $720 |
| 4 | Nicholasville | $730 |
| 5 | Versailles | $730 |
| 6 | Winchester | $730 |
| 7 | Richmond (this page) | $740 |
| 8 | Murray | $770 |
| 9 | Georgetown | $780 |
| 10 | Lawrenceburg | $780 |
| 11 | Hopkinsville | $800 |
| 12 | Newport | $800 |
| 13 | Radcliff | $800 |
| 14 | Bellevue | $820 |
| 15 | Dayton | $820 |
Most expensive cities for a studio in Kentucky
| # | City | Studio rent |
|---|---|---|
| 1 | Prospect | $1,510 |
| 2 | Hebron | $1,150 |
| 3 | Burlington | $1,080 |
| 4 | Louisville | $1,061 |
| 5 | Vine Grove | $1,060 |
| 6 | La Grange | $1,030 |
| 7 | Independence | $1,030 |
| 8 | Florence | $980 |
| 9 | Shelbyville | $940 |
| 10 | Shepherdsville | $930 |
| 11 | Elizabethtown | $910 |
| 12 | Oak Grove | $890 |
| 13 | Fort Thomas | $890 |
| 14 | Erlanger | $890 |
| 15 | Bowling Green | $890 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Richmond.
| City | Distance | Studio rent | vs Richmond |
|---|---|---|---|
| Winchester, KY | 18.5 mi | $730 | $-10 (-1%) |
| Nicholasville, KY | 19 mi | $730 | $-10 (-1%) |
| Lexington, KY | 21.9 mi | $864 | +$124 (+17%) |
| Versailles, KY | 34 mi | $730 | $-10 (-1%) |
| Georgetown, KY | 37.2 mi | $780 | +$40 (+5%) |
| Lawrenceburg, KY | 48.8 mi | $780 | +$40 (+5%) |
| Frankfort, KY | 50.4 mi | $880 | +$140 (+19%) |
| Morehead, KY | 69 mi | $630 | $-110 (-15%) |
| Shelbyville, KY | 69.2 mi | $940 | +$200 (+27%) |
| Bardstown, KY | 79.6 mi | $660 | $-80 (-11%) |
| Independence, KY | 82.6 mi | $1,030 | +$290 (+39%) |
| Amelia, OH | 87 mi | $790 | +$50 (+7%) |
Studio rent in Richmond — common questions
How much is a studio apartment in Richmond?
As of August 2026, the median studio apartment rent in Richmond, Kentucky is $740 per month. This is +37% below the citywide median of $1,179.
What income do you need to afford a studio in Richmond?
Using the standard 30% rent-to-income rule, you would need an annual income of about $29,600 ($2,467/month gross), which works out to roughly $14.23/hour at a full-time job.
Is Richmond expensive for a studio compared to the rest of the US?
Richmond's studio median of $740 is +43% below the national studio median of $1,290. It ranks in the 5th percentile of US cities tracked.
How does Richmond rank for studio rent in Kentucky?
Among the 34 cities in Kentucky with studio data, Richmond ranks #7 from cheapest to most expensive.
Are there cheaper studio options near Richmond?
Yes — nearby cities with cheaper studio rents include Winchester ($730), Nicholasville ($730), Versailles ($730).