Veranda at Norton Commons
9506 Civic Way,
Prospect, KY 40059
1-3 Beds | $1,645 - $2,999
Rental Market Trends in Prospect, KY
What is the average rent in Prospect, KY?
$1,744/month
Average Rent
720 Sq Ft
Average Apartment Size
+13%
Increase in the Last Year
As of June 2025, the average rent in Prospect, KY is $1,744 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Prospect rent prices are 7% higher than the national average. When you rent an apartment in Prospect, you can expect to pay about $1,224 per month for a studio, $1,744 for a one-bedroom apartment, and around $2,254 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,758 or more.
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Average Rent
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Floor Plan Type
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How much has average rent changed in Prospect, KY?
In the past year, rent has increased by 13%, which averages out to $227 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Prospect, KY
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Prospect?
Based on current rent prices, Glen Oaks, Norton Commons and River Bluff are the most affordable neighborhoods in Prospect.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Prospect?
Based on current rent prices, River Bluff, Norton Commons and Glen Oaks are the most expensive neighborhoods in Prospect.
Neighborhood
Average Rent
Average Sq Ft
Which Prospect neighborhoods have the most rentals available?
The neighborhoods in Prospect with the most apartments available are Norton Commons, Glen Oaks and River Bluff .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Prospect, KY?
Because the average rent in Prospect is $1,744, you’ll want to make about $5,813 per month or $69,756 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.
How does Prospect, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Prospect, 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.
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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 2025.
* Percentages may not total 100 due to rounding.