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Rental Market Trends in Kentucky

$1,053/month

Average Rent

+2.1%

Increase in the Last Year

+$22

Average Price Increase

Ranked 10th

Least Expensive Rent by State

13,402

Available Rentals

Raceland, KY

City with the Lowest Rent

What is the average rent in Kentucky?

As of June 2025, the average rent in Kentucky is $1,053/month. When you rent an apartment in Kentucky, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $889 per month for a studio, $1,053 for a one-bedroom apartment, and around $1,246 for a two-bedroom apartment in Kentucky. If you opt for a three-bedroom rental, you could pay $1,567 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$889/month
458 Sq Ft
One Bedroom
$1,053/month
698 Sq Ft
Two Bedroom
$1,246/month
996 Sq Ft
Three Bedroom
$1,567/month
1,309 Sq Ft

Rent by City

Last Updated Today
  • Most Affordable
  • Most Expensive

What are the most affordable cities in Kentucky?

Based on current rent prices, the cheapest cities in Kentucky to live are Raceland, Owenton and Sturgis.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Raceland
$366/month
550 Sq Ft
Owenton
$409/month
700 Sq Ft
Sturgis
$410/month
650 Sq Ft
Irvine
$429/month
620 Sq Ft
Middlesboro
$433/month
695 Sq Ft
Princeton
$439/month
900 Sq Ft
Springfield
$460/month
577 Sq Ft
Flemingsburg
$461/month
714 Sq Ft
Wilmore
$461/month
670 Sq Ft
Prestonsburg
$464/month
620 Sq Ft

What are the most expensive cities in Kentucky?

Based on current rent prices, the most expensive cities in Kentucky to live are Dayton, Prospect and Union.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Dayton
$1,564/month
743 Sq Ft
Prospect
$1,490/month
719 Sq Ft
Union
$1,478/month
896 Sq Ft
Wilder
$1,429/month
890 Sq Ft
Newport
$1,422/month
710 Sq Ft
Covington
$1,371/month
711 Sq Ft
Bellevue
$1,359/month
935 Sq Ft
Saint Matthews
$1,357/month
850 Sq Ft
Nicholasville
$1,264/month
762 Sq Ft
Villa Hills
$1,260/month
650 Sq Ft
This information is based on data collected by CoStar Group researchers.†

State

Kentucky

13,402 Available Apartments for Rent

Search for Nearby Apartments

Nearby State Markets


Indiana
$1,098/mo. avg.
+3.2% YOY
Ohio
$1,061/mo. avg.
+2.7% YOY
West Virginia
$915/mo. avg.
+1.8% YOY
Tennessee
$1,359/mo. avg.
+0.4% YOY

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US Rent Trends Kentucky

Methodology

† 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.


State graphics provided by ProPublica    Copyright (c) 2012, ProPublica

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THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

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Equal Housing Opportunity