Rent in Richmond, KY
Across Richmond's 2 ZIP codes, a 2-bedroom typically rents for about $950 a month, with figures from $906–$993. The highest typical rent is in 40476 ($993) and the lowest in 40475 ($906). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Madison County pay about 0.73% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $702 | $691–$712 | 2 |
| 1 bed | $807 | $755–$859 | 2 |
| 2 beds | $950 | $906–$993 | 2 |
| 3 beds | $1,236 | $1,097–$1,375 | 2 |
| 4 beds | $1,480 | $1,360–$1,600 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Richmond ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Richmond, KY?
- About $950 a month: the median of the typical rents in 2 ZIP codes, which range from $906–$993. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Richmond, KY?
- About $807 a month: the median of the typical rents in 2 ZIP codes, which range from $755–$859. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Richmond, KY?
- About $1,236 a month: the median of the typical rents in 2 ZIP codes, which range from $1,097–$1,375. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Richmond, KY?
- About $702 a month: the median of the typical rents in 2 ZIP codes, which range from $691–$712. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Richmond, KY?
- About $1,480 a month: the median of the typical rents in 2 ZIP codes, which range from $1,360–$1,600. Figures are gross rent (rent plus tenant-paid utilities).
- Which Richmond ZIP code has the highest rent?
- For a 2-bedroom, 40476 has the highest typical rent at $993 a month, and 40475 the lowest at $906.
- What is the property tax rate in Richmond, KY?
- Owner-occupied homes in Madison County pay a typical 0.73% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Richmond rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).