Fry Estates Apartments
386 Parkers Mill Way,
Somerset, KY 42503
1-2 Beds | $899 - $1,040
Rental Market Trends in Somerset, KY
Updated September 2026
The average rent in Somerset, KY is $707/month.
Rent in Somerset is 58% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$707/month
Average Rent
720 Sq Ft
Average Size
-1.2%
Change / Year
35
Available Apartments
Somerset rent varies by unit size and layout:
- Studio apartments in Somerset average per month.
- One-bedroom apartments in Somerset average $707 per month.
- Two-bedroom apartments in Somerset average $881 per month.
- Three-bedroom apartments in Somerset average $1,501 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 Somerset, KY?
In the past year, rent has decreased by 1.2%, which averages out to $8 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Somerset, KY
September 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
100%
$700 - $1,000/month
0%
$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 Somerset, KY?
Because the average rent in Somerset is $707, you’ll want to make about $2,356 per month or $28,272 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 Somerset, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Somerset, 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 Somerset Area GuideApartment Communities in Somerset We Think You'll Love
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Frequently Asked Questions
What is the average rent in Somerset?
The average rent in Somerset is $707 per month, which is 57.5% lower than the national average of $1,665.
What is the average rent for a townhome in Somerset?
The average rent for a townhome in Somerset, KY is $1,121 per month.
Are rents going up or down in Somerset?
Rents in Somerset, KY are decreasing, with prices down 1.2% year-over-year and $8 less per month.
What rent range is most common in Somerset?
In Somerset, KY, 100% of apartments fall between $700 - $1,000/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 September 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.