Rentometer, Inc. | Data as of 10/23/2025
Madison County, Kentucky offers a diverse rental landscape that balances small‑town charm with easy access to nearby urban amenities. Tenants can choose from a mix of modern apartments and spacious single‑family homes, catering to students, families, and professionals alike. In the county’s vibrant downtown Richmond, historic brick streets line a variety of apartment complexes that provide convenient proximity to Eastern Kentucky University, local cafés, and cultural events. Meanwhile, the surrounding neighborhoods such as White Hall and Canaan feature quiet residential streets with well‑maintained houses that appeal to renters seeking more space and a suburban feel.
The rental market reflects a broad range of price points, from units in the $600s for a cozy one‑bedroom apartment to homes in the $2,400s for larger four‑plus‑bedroom houses. Two‑ and three‑bedroom options abound across both property types, offering flexible choices for growing families or roommates. Prospective renters also appreciate the county’s natural attractions, including Buck Creek Park and the scenic Ohio River views, which enhance the quality of life and provide ample recreational opportunities.
Overall, Madison County’s rental environment blends affordability with variety, supported by a stable housing inventory and a community-oriented atmosphere. Whether you’re looking for a convenient apartment close to campus or a spacious house near the countryside, the county’s rental market delivers options that suit a wide range of lifestyles while maintaining the welcoming spirit of Kentucky living.
| 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 | $2,365 | $2,400 | $2,000 - $2,895 | $2,250 - $2,450 |
In the current period, the average rent in Madison 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.