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Rental Market Trends in Nicholasville, KY

Updated August 2026

The average rent in Nicholasville, KY is $1,342/month.

Rent in Nicholasville is 19% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,342/month

Average Rent

758 Sq Ft

Average Size

+2.8%

Change / Year

235

Available Apartments

Nicholasville rent varies by unit size and layout:

  • Studio apartments in Nicholasville average $831 per month.
  • One-bedroom apartments in Nicholasville average $1,342 per month.
  • Two-bedroom apartments in Nicholasville average $1,402 per month.
  • Three-bedroom apartments in Nicholasville average $2,178 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$831/month
288 Sq Ft
One Bedroom
$1,342/month
758 Sq Ft
Two Bedroom
$1,402/month
1,031 Sq Ft
Three Bedroom
$2,178/month
1,596 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$1,867/month
1,473 Sq Ft
Four Bedroom
$2,729/month
2,411 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$1,553/month
1,345 Sq Ft
View Nicholasville Apartments

How much has average rent changed in Nicholasville, KY?

In the past year, rent has increased by 2.8%, which averages out to $38 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Nicholasville, KY

August 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Nicholasville, KY
Percentage*
Rent Range
17% Below $700/month
25% $700 - $1,000/month
25% $1,001 - $1,500/month
25% $1,501 - $2,000/month
8% Above $2,000/month

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

Because the average rent in Nicholasville is $1,342, you’ll want to make about $4,473 per month or $53,676 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

235 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

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Lexington

    Lexington

    Avg Rent: $1,120/month

  • Versailles

    Versailles

    Avg Rent: $749/month

  • Richmond

    Richmond

    Avg Rent: $904/month

Apartment Communities in Nicholasville We Think You'll Love

Ashgrove Farms Townhomes

Ashgrove Farms Townhomes

101 Headstall Rd,
Nicholasville, KY 40356

2-3 Beds | $1,899 - $2,699

The W at Brannon

The W at Brannon

270 Lancer Dr,
Nicholasville, KY 40356

1-3 Beds | $1,338 - $2,310

The Avenue at Nicholasville

The Avenue at Nicholasville

801 E Brannon Rd,
Nicholasville, KY 40356

1-3 Beds | $1,340 - $1,920

Vetra Lexington

Vetra Lexington

4070 Victoria Way,
Lexington, KY 40515

1-3 Beds | $1,149 - $1,549

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Frequently Asked Questions

What is the average rent in Nicholasville?

The average rent in Nicholasville is $1,342 per month, which is 19.3% lower than the national average of $1,663.

What is the average rent for a house in Nicholasville?

The average rent for a house in Nicholasville, KY is $1,867 per month.

Are rents going up or down in Nicholasville?

Rents in Nicholasville, KY are increasing, with prices up 2.8% year-over-year and $38 more per month.

What rent range is most common in Nicholasville?

In Nicholasville, KY, 25% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity