Cheap Apartments for Rent in Richmond, KY from $600 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

close
View Me
Park Place
1 to 2 Bedroom Apartments

Park Place

535 Mahaffey DrRichmond, KY 40475
  • Utilities Included
close
View Me
Pebblecreek Crossing
1 to 2 Bedroom Apartments

Pebblecreek Crossing

418 Big Hill AveRichmond, KY 40475
Senior Living
close
View Me
450 on Keeneland
1 to 3 Bedroom Apartments

450 on Keeneland

450 N Keeneland DrRichmond, KY 40475
  • Utilities Included
close
View Me
Blue Country Apartments
Studio to 3 Bedroom Apartments

Blue Country Apartments

511-519 Ballard DrRichmond, KY 40475
  • Utilities Included

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 RentalsOne Bed1BR,1BA$650
Pebblecreek CrossingOne Bedroom1BR,1BA$724
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$726
Ty Lane Apartments1 Bedroom (630sqft)1BR,1BA$850
Fountain Brook Apartments1 Bedroom1BR,1BA$895

Best Value Apartments for Rent in Richmond, KY

As of April 26, 2025 the best value apartment in the Richmond area is the $1.11 price per square foot One Bedroom Model at The Resort in the starting from $995. The second greatest value Richmond apartment is the One Bedroom One Bath Model at Legacy Lake Apartments starting at $1,150 with a $1.28 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.
The ResortOne Bedroom1BR,1BA$1.11
Legacy Lake ApartmentsOne Bedroom One Bath1BR,1BA$1.28
Vines at Saddlebrook2 x 12BR,1BA$1.18
1040 Brandy LnTwo Bed2BR,1BA$1.25
Pebblecreek CrossingOne Bedroom1BR,1BA$1.03
Fountain Brook Apartments1 Bedroom1BR,1BA$1.38
Ty Lane Apartments1 Bedroom (630sqft)1BR,1BA$1.35
Shawnee Trail ApartmentsOne Bedroom1BR,1BA$1.38
Morrow RentalsOne Bed1BR,1BA$1.53

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Richmond, KY Rentals by Map

View MapRichmond, KY Apartments MapView MapRichmond, KY Rental Homes Map

Getting Around Richmond, KY

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Richmond Apartments

How much is rent for a Cheap One Bedroom Richmond Apartment?

The lowest price for a Cheap One Bedroom Richmond Apartment is $650 at Morrow Rentals.

What is the lowest price for a Cheap Two Bedroom Richmond Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Richmond is starting from $859 at Pebblecreek Crossing.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at 1040 Brandy Ln and starts from $1,000.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.