Richmond

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Richmond, KY

Area Guide

Located in Kentucky's Bluegrass region, Richmond combines small-town atmosphere with contemporary living. As home to Eastern Kentucky University, the city maintains an active atmosphere while celebrating its historical heritage. Housing options range from historic properties near downtown to newer developments throughout the area. Current rental trends show one-bedroom apartments averaging $858 monthly, while two-bedroom units typically rent for $972, reflecting a 4.2% year-over-year increase - remaining more affordable than many larger Kentucky cities.

Richmond offers both recreational opportunities and cultural attractions. The annual Millstone Festival showcases local heritage through arts and music. Outdoor enthusiasts can explore the surrounding Bluegrass landscape and nearby Fort Boonesborough State Park. History enthusiasts will appreciate the Battle of Richmond Battlefield Park, which preserves an important Civil War site. As Madison County's seat and one of the largest cities in the Bluegrass region, Richmond serves as a regional center with shopping districts along the Eastern Bypass and throughout downtown. Eastern Kentucky University adds to the community through its educational programs, arts events, and NCAA Division I athletics.

Rent Trends

As of December 2025, the average apartment rent in Richmond, KY is $958 for a studio, $896 for one bedroom, $1,011 for two bedrooms, and $1,424 for three bedrooms. Apartment rent in Richmond has increased by 4.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$896/month
691 Sq Ft
House
$2,114/month
1,320 Sq Ft
Townhome
$1,301/month
1,381 Sq Ft
See Rental Market Trends in Richmond, KY

Transportation

41

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

28

Somewhat Bikeable

out of 100 BikeScore® Rating

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Schools

Kirksville Elementary School

Public

Grades PK-5

563 Students

Kit Carson Elementary School

Public

Grades 1-5

466 Students

Daniel Boone Elementary School

Public

Grades 1-5

477 Students

Glenn R Marshall Elementary School

Public

Grades 1-5

420 Students

White Hall Elementary School

Public

Grades 1-5

379 Students

B. Michael Caudill Middle School

Public

Grades 6-8

479 Students

Clark Moores Middle School

Public

Grades 6-8

546 Students

Madison Middle School

Public

Grades 6-8

670 Students

Farristown Middle School

Public

Grades 6-8

363 Students

Model Laboratory Middle School

Public

Grades 6-8

190 Students

Model Laboratory High School

Public

Grades 9-12

409 Students

Madison Central High School

Public

Grades 9-12

2,226 Students

Middle College At Eastern Kentucky

Public

Grades 11-12

39 Students

Points of Interest

Parks and Recreation

  • Hummel Planetarium
  • White Hall State Historic Site

Military Bases

Airports

  • Blue Grass

Top Apartments in Richmond

Houses for Rent in Richmond

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.