Frankfort

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Frankfort, KY

Area Guide

Welcome to Frankfort, Kentucky's capital city nestled along the Kentucky River in the heart of the Bluegrass region. This historic community combines small-town charm with the energy of state government operations. Tree-lined streets connect parks and government buildings throughout the city. The rental market remains stable, with average one-bedroom apartments at $825, reflecting a 7.1% increase over the past year. Housing options span from historic properties in Downtown and South Frankfort to newer developments in the East and West Frankfort neighborhoods. The walkable downtown centers around the State Capitol building, while River View Park offers waterfront recreation and hosts a seasonal farmers market.

Frankfort's landscape seamlessly integrates outdoor recreation with historic sites. Cove Spring Park encompasses 240 acres of nature trails, while Leslie Morris Park at Fort Hill provides Civil War-era landmarks and city views. Kentucky State University enhances the community's educational opportunities and cultural offerings. The historic Buffalo Trace Distillery, operating since 1792, continues the region's bourbon-making tradition. Originally established along an ancient buffalo migration route, Frankfort preserves its past while embracing the present, as evidenced by the historic Singing Bridge, which continues to serve as a Kentucky River crossing after 125 years.

Rent Trends

As of November 2025, the average apartment rent in Frankfort, KY is $814 for a studio, $886 for one bedroom, $1,158 for two bedrooms, and $1,168 for three bedrooms. Apartment rent in Frankfort has increased by 8.1% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$886/month
613 Sq Ft
House
$1,856/month
1,572 Sq Ft
See Rental Market Trends in Frankfort, KY

Transportation

38

Car-Dependent

out of 100 WalkScore® Rating

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

25

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

Collins Lane

Public

Grades PK-5

507 Students

Bridgeport Elementary School

Public

Grades PK-5

399 Students

Second Street School

Public

Grades K-8

571 Students

Hearn Elementary

Public

Grades 1-5

379 Students

Peaks Mill Elementary

Public

Grades 1-5

410 Students

Bondurant Middle School

Public

Grades 6-8

643 Students

Second Street School

Public

Grades K-8

571 Students

Elkhorn Middle School

Public

Grades 6-8

737 Students

Western Hills High School

Public

Grades 9-12

817 Students

Frankfort High School

Public

Grades 9-12

322 Students

Franklin County High School

Public

Grades 9-12

960 Students

Points of Interest

Parks and Recreation

  • Capitol View Park
  • Capital City Museum
  • River View Park
  • East Frankfort Park
  • Leslie Morris Park

Airports

  • Blue Grass

Top Apartments in Frankfort

Houses for Rent in Frankfort

Property Management Companies in Frankfort, KY

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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.