Rental Market Trends in Kentucky
Updated July 2026
$1,090/month
Average Rent
+1.5%
Increase in the Last Year
+$16
Average Price Increase
Ranked 10th
Least Expensive Rent by State
14,915
Available Rentals
Owensboro, KY
City with the Lowest Rent
What is the average rent in Kentucky?
As of July 2026, the average rent in Kentucky is $1,090/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 $905 per month for a studio, $1,090 for a one-bedroom apartment, and around $1,281 for a two-bedroom apartment in Kentucky. If you opt for a three-bedroom rental, you could pay $1,643 or more.
Rent by City
What are the most affordable cities in Kentucky?
Based on current rent prices, the cheapest cities in Kentucky to live are Owensboro, Frankfort and Bowling Green.
What are the most expensive cities in Kentucky?
Based on current rent prices, the most expensive cities in Kentucky to live are Covington, Nicholasville and Florence.
Nearby State Markets
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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
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