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Affordable apartments in Richmond, Kentucky

8 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

7 lihtc1 section 8

Buildings

MADISON TOWERS

LIHTC
N. MADISON AVE., RICHMOND, KY, 40475
Income-restricted units
102 of 102
Year placed in service
2016
Bedroom mix
101 1BR · 1 2BR

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

Madison Tower

Section 8
225 N MADISON AVE, Richmond, KY, 40475
Income-restricted units
101 of 102
Year placed in service
Not reported

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

RICHMOND GREEN

LIHTC
RICHMOND GREEN DR., RICHMOND, KY, 40475
Income-restricted units
60 of 60
Year placed in service
1998
Bedroom mix
20 1BR · 40 2BR

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

PEBBLECREEK CROSSING

LIHTC
BIG HILL AVENUE, RICHMOND, KY, 40475
Income-restricted units
48 of 48
Year placed in service
2017
Bedroom mix
27 1BR · 21 2BR

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

EASTERN SCHOLAR HOUSE

LIHTC
VAN HOOSE DRIVE, RICHMOND, KY, 40475
Income-restricted units
39 of 39
Year placed in service
2017
Bedroom mix
39 2BR

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

LIBERTY PLACE RECOVERY CENTER FOR WOMEN

LIHTC
LAKE STREET, RICHMOND, KY, 40475
Income-restricted units
38 of 38
Year placed in service
2008
Bedroom mix
38 4+BR

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

TELFORD APARTMENTS

LIHTC
HALLIE IRVINE ST., RICHMOND, KY, 40476
Income-restricted units
24 of 24
Year placed in service
1996
Bedroom mix
1 1BR · 11 2BR · 10 3BR · 2 4+BR

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

BRANDY VIEW APARTMENTS

LIHTC
BRANDY LN., RICHMOND, KY, 40475
Income-restricted units
24 of 24
Year placed in service
1997
Bedroom mix
16 2BR · 8 3BR

Estimated total housing cost: $832 rent + $152 utilities = $984/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Kentucky

Residential electricity in Kentucky runs about 13.52¢/kWh, with a typical monthly residential electric bill near $152. Natural gas runs about $21.93/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Richmond, KY

Metro-level
BedroomsLocal FMRNational median
Studio$707n/a
1 bedroom$790n/a
2 bedroom$832$1,502
3 bedroom$1,082n/a
4 bedroom$1,248n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Madison County, KY

FY2025. Area median income: $88,400.

Household size30% AMI50% AMI80% AMI
1 person$18,550$30,950$49,500
2 people$21,200$35,400$56,600
3 people$26,650$39,800$63,650
4 people$32,150$44,200$70,700
5 people$37,650$47,750$76,400
6 people$43,150$51,300$82,050
7 people$48,650$54,850$87,700
8 people$54,150$58,350$93,350

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Kentucky cities

See all affordable-rental cities in Kentucky

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Richmond cost-of-living and Fair Market Rent overview