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Rental Market Trends in Murray, KY

Updated July 2026

The average rent in Murray, KY is $648/month.

Rent in Murray is 61% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$648/month

Average Rent

657 Sq Ft

Average Size

+3.5%

Change / Year

28

Available Apartments

Murray rent varies by unit size and layout:

  • Studio apartments in Murray average per month.
  • One-bedroom apartments in Murray average $648 per month.
  • Two-bedroom apartments in Murray average $924 per month.
  • Three-bedroom apartments in Murray average $866 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$648/month
657 Sq Ft
Two Bedroom
$924/month
905 Sq Ft
Three Bedroom
$866/month
1,189 Sq Ft
View Murray Apartments

How much has average rent changed in Murray, KY?

In the past year, rent has increased by 3.5%, which averages out to $23 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Murray, KY

July 2026
Below $701
Most rental prices fall within this range
Rent Ranges in Murray, KY
Percentage*
Rent Range
56% Below $700/month
33% $700 - $1,000/month
11% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Murray, KY?

Because the average rent in Murray is $648, you’ll want to make about $2,160 per month or $25,920 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Murray, KY

28 Available Apartments for Rent

Search for Nearby Apartments

How does Murray, KY compare to other nearby cities and neighborhoods?

Use the tool below to compare Murray, KY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Murray Area Guide

Apartment Averages

Apartment Communities in Murray We Think You'll Love

Bee Creek Crossing (Senior Apartments 55+)

Bee Creek Crossing (Senior Apartments 55+)

1745 Brooklyn Dr,
Murray, KY 42071

1-2 Beds | $650 - $800

1128 Clayton Dr

1128 Clayton Dr

1128 Clayton Dr,
Murray, KY 42071

2 Beds | $1,750

1711 Oak Hill Dr S

1711 Oak Hill Dr S

1711 Oak Hill Dr S,
Murray, KY 42071

3 Beds | $1,500

417 S 8th St

417 S 8th St

417 S 8th St,
Murray, KY 42071

2 Beds | $1,250

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Frequently Asked Questions

What is the average rent in Murray?

The average rent in Murray is $648 per month, which is 61.0% lower than the national average of $1,663.

Are rents going up or down in Murray?

Rents in Murray, KY are increasing, with prices up 3.5% year-over-year and $23 more per month.

What rent range is most common in Murray?

In Murray, KY, 56% of apartments fall below $700/month, though prices may vary depending on location and other factors.

United States Kentucky Murray Rental Trends

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity