Veranda at Norton Commons
9506 Civic Way,
Prospect, KY 40059
1-3 Beds | $1,495 - $2,695
Rental Market Trends in Prospect, KY
Updated July 2026
The average rent in Prospect, KY is $1,667/month.
Rent in Prospect is roughly equal to the national average rent of of $1,663/month.
$1,667/month
Average Rent
723 Sq Ft
Average Size
-0.8%
Change / Year
105
Available Apartments
Prospect rent varies by unit size and layout:
- Studio apartments in Prospect average $1,439 per month.
- One-bedroom apartments in Prospect average $1,667 per month.
- Two-bedroom apartments in Prospect average $2,275 per month.
- Three-bedroom apartments in Prospect average $2,680 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Prospect, KY?
In the past year, rent has decreased by 0.8%, which averages out to $12 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Prospect, KY
July 2026
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
25%
$1,501 - $2,000/month
75%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Prospect?
Based on current rent prices, River Bluff is the most affordable neighborhood in Prospect.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Prospect?
Based on current rent prices, River Bluff is the most expensive neighborhood in Prospect.
Neighborhood
Average Rent
Average Sq Ft
Which Prospect neighborhoods have the most rentals available?
The neighborhood in Prospect with the most apartments available is 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 $1,667, you’ll want to make about $5,556 per month or $66,672 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.
View the Prospect Area GuideStudio
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Frequently Asked Questions
What is the average rent in Prospect?
The average rent in Prospect is $1,667 per month, which is 0.2% higher than the national average of $1,663.
Are rents going up or down in Prospect?
Rents in Prospect, KY are decreasing, with prices down 0.8% year-over-year and $12 less per month.
What rent range is most common in Prospect?
In Prospect, KY, 75% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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.