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Rental Market Trends in Nicholasville, KY

What is the average rent in Nicholasville, KY?

$1,274/month

Average Rent

757 Sq Ft

Average Apartment Size

-0.3%

Decrease in the Last Year

As of May 2025, the average rent in Nicholasville, KY is $1,274 per month. This is 22% lower than the national average rent of $1,625/month, making renting in Nicholasville more affordable than most cities in the US. When you rent an apartment in Nicholasville, you can expect to pay about $740 per month for a studio, $1,274 for a one-bedroom apartment, and around $1,257 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,750 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$740/month
288 Sq Ft
One Bedroom
$1,274/month
757 Sq Ft
Two Bedroom
$1,257/month
977 Sq Ft
Three Bedroom
$1,750/month
1,455 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,908/month
1,394 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Nicholasville, KY?

In the past year, rent has decreased by 0.3%, which averages out to $4 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Nicholasville, KY
Last Updated May 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Nicholasville, KY
Percentage*
Rent Range
20% Below $700/month
40% $700 - $1,000/month
30% $1,001 - $1,500/month
10% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Nicholasville is $1,274, you’ll want to make about $4,246 per month or $50,952 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

Nicholasville, KY

210 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Nicholasville, 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.

Apartment Averages

Nearby City Rent Trends

  • Lexington Average Rent

Apartment communities in Nicholasville we think you'll love

The W at Brannon

The W at Brannon

270 Lancer Dr,
Nicholasville, KY 40356

1-3 Beds | $1,275 - $2,100

The August

The August

4070 Victoria Way,
Lexington, KY 40515

1-3 Beds | $928 - $1,599

The Avenue at Nicholasville

The Avenue at Nicholasville

801 E Brannon Rd,
Nicholasville, KY 40356

1-3 Beds | $1,249 - $2,099

Forty57 Apartments

Forty57 Apartments

4057 Mooncoin Way,
Lexington, KY 40515

1-3 Beds | $1,410 - $4,052

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United States Kentucky Nicholasville 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 February 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity