Rentometer, Inc. | Data as of 10/23/2025
Richmond‑Berea’s rental market offers a balanced mix of apartments and single‑family homes, catering to professionals, students, and families alike. Apartment options range from efficient one‑bedroom units in the low $600s to spacious three‑bedroom layouts approaching the $1,200 mark, providing flexibility for those seeking modern amenities close to downtown. For renters preferring a house, two‑bedroom homes are typically priced around $1,000, while three‑bedroom residences move toward $1,800, and larger four‑plus bedroom properties can approach the $2,300 range, making it easy to find the right size for evolving household needs.
The metro area’s blend of historic charm and contemporary growth enhances its appeal. Residents enjoy easy access to vibrant districts such as Historic Downtown Richmond, with its boutique shops, local eateries, and cultural events, as well as the lively college town atmosphere surrounding Berea College. Proximity to the Richmond Convention Center, the scenic Kentucky River, and numerous parks provides ample recreational opportunities, while major thoroughfares and commuter rail options streamline travel to Lexington and nearby employment hubs.
Whether you’re looking for a stylish apartment near campus, a family‑friendly home in a quiet neighborhood, or a convenient base for exploring the region’s natural beauty, Richmond‑Berea’s diverse rental inventory and welcoming community make it an attractive choice for a wide range of renters. The area’s steady demand, mixed‑type housing stock, and strong local amenities contribute to a resilient rental market that supports both short‑term flexibility and long‑term residency.
Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
---|---|---|---|---|---|
Apartment | 1 Bedroom | $6,126 | $830 | $650 - $75,000 | $740 - $885 |
Apartment | 2 Bedroom | $1,034 | $965 | $855 - $1,350 | $900 - $1,150 |
Apartment | 3 Bedroom | $1,270 | $1,128 | $965 - $2,100 | $1,000 - $1,300 |
House | 2 Bedroom | $1,023 | $1,095 | $775 - $1,200 | $775 - $1,200 |
House | 3 Bedroom | $1,819 | $1,872 | $1,000 - $2,550 | $1,595 - $2,100 |
House | 4+ Bedroom | $2,341 | $2,400 | $950 - $2,895 | $2,250 - $2,450 |
In the current period, the average rent in Richmond-Berea, KY was $6,127 for 1 Bedroom, $1,032 for 2 Bedroom, $1,737 for 3 Bedroom, and $2,354 for 4+ Bedroom.
Data provided by Rentometer, Inc.