Average Rent In Kentucky For January 2024
Average Rent
What is the average rent in Kentucky?
The average rent in Kentucky for January 2024 is $1,002, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Kentucky is $997. The average rent of a 1-bedroom apartment in Kentucky is $816.
Compared to the national average of $1,379, Kentucky rent costs -27.3% less. Read our analysis of rents by state to see how Kentucky ranks.
Here's a look at how average rents have changed over time:
How Does Kentucky Rent Compare To The Rest Of The Country?
| Statistic | KY | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,002 | $1,379 | -27.3% |
| M-o-M Change | -$8 | -$11 | -27.3% |
| Y-o-Y Change | $34 | -$14 | -342.9% |
| M-o-M % Change | -0.8% | -0.8% | - |
| Y-o-Y % Change | 3.5% | -1.0% | - |
Median Rent By Bedrooms In Kentucky
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Kentucky increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Kentucky clocking in at $816, while a 2-bedroom rental will set you back $997 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $498/room/month.
Read on to find out more or for more on Kentucky check out:
- Best Places To Live In Kentucky
- Cheapest Places To Live In Kentucky
- Most Dangerous Cities In Kentucky
Month Over Month Kentucky Rent Statistics
M-o-M Increase
M-o-M Increase
Kentucky has experienced a -$8 change in rent over the past month going from $1,010 to $1,002. That change comes out to -0.8%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Kentucky:
Year Over Year Kentucky Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Kentucky changed $34 from $968 to $1,002. A change of $34 means that rents changed 3.5% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Kentucky:
The 10 Places With The Highest Rent In Kentucky
Population: 5,751
Median Rent: $1,891
More on Union: Data | Cost Of Living | Real Estate
Population: 7,817
Median Rent: $1,123
More on Middletown: Data | Crime | Cost Of Living | Real Estate
Population: 5,793
Median Rent: $1,101
More on Vine Grove: Data | Crime | Cost Of Living | Real Estate
Population: 8,555
Median Rent: $1,087
More on Elsmere: Data | Crime | Cost Of Living | Real Estate
Population: 8,688
Median Rent: $1,080
More on Edgewood: Data | Crime | Cost Of Living | Real Estate
Population: 17,993
Median Rent: $1,058
More on St. Matthews: Data | Crime | Cost Of Living | Real Estate
Population: 5,677
Median Rent: $1,034
More on Douglass Hills: Data | Cost Of Living | Real Estate
Population: 7,128
Median Rent: $1,011
More on Highland Heights: Data | Crime | Cost Of Living | Real Estate
Population: 8,913
Median Rent: $997
More on Hillview: Data | Crime | Cost Of Living | Real Estate
Population: 26,772
Median Rent: $968
More on Independence: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Kentucky
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.