Average Rent Prices in Kentucky (KY)
$1,1721
Average
$8291
Studio
$8761
1BR
$1,0891
2BR
$1,4041
3BR
$1,6611
4BR
🪄 RentalRealEstate Quick Answer
Kentucky’s average fair market rent is $1,172/month, ranking 10th among US states lowest rent prices and 24.48% below the $1,551 national average. This page covers Kentucky’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in Kentucky is $1,172. Average rent prices in Kentucky sit below the national average rent of $1,551, in which Kentucky ranks as the as the 10th lowest rent among all 50 states and the 41st highest rent among all 50 states within the United States. In Kentucky’s large metropolitan areas such as Louisville, KY, the average rent prices tend to be higher, while alternative areas such as Bowling Green, KY, can provide more affordable options.
Kentucky (KY) National Rent Rankings
10th
Lowest Rent Among 50 States
41st
Highest Rent Among 50 States
Below
The National Rent Average
$380
Per Month Below National Rent Average
24.48%
Per Month Below National Rent Average
Average Rent Prices in Kentucky (KY) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Kentucky (KY) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Allen County, KY HUD Metro FMR Area | 759 | 759 | 996 | 1224 | 1520 |
| 2 | Ballard County, KY HUD Metro FMR Area | 800 | 817 | 1072 | 1285 | 1640 |
| 3 | Bowling Green, KY HUD Metro FMR Area | 889 | 985 | 1153 | 1384 | 1806 |
| 4 | Butler County, KY HUD Metro FMR Area | 660 | 660 | 866 | 1204 | 1232 |
| 5 | Carlisle County, KY HUD Metro FMR Area | 683 | 717 | 915 | 1173 | 1399 |
| 6 | Carter County, KY HUD Metro FMR Area | 698 | 703 | 866 | 1204 | 1254 |
| 7 | Cincinnati, OH-KY-IN HUD Metro FMR Area | 958 | 1051 | 1353 | 1785 | 1976 |
| 8 | Clarksville, TN-KY HUD Metro FMR Area | 1090 | 1094 | 1346 | 1871 | 2258 |
| 9 | Elizabethtown, KY HUD Metro FMR Area | 841 | 846 | 1056 | 1469 | 1771 |
| 10 | Grant County, KY HUD Metro FMR Area | 823 | 899 | 1155 | 1385 | 1678 |
| 11 | Huntington-Ashland, WV-KY-OH HUD Metro FMR Area | 848 | 853 | 973 | 1249 | 1410 |
| 12 | Lawrence County, KY HUD Metro FMR Area | 715 | 720 | 926 | 1110 | 1341 |
| 13 | Lexington-Fayette, KY MSA | 883 | 1079 | 1272 | 1743 | 1940 |
| 14 | Livingston County, KY HUD Metro FMR Area | 865 | 960 | 1158 | 1388 | 1771 |
| 15 | Louisville, KY-IN HUD Metro FMR Area | 966 | 1047 | 1272 | 1625 | 1891 |
| 16 | McCracken County, KY HUD Metro FMR Area | 729 | 851 | 1058 | 1269 | 1775 |
| 17 | Meade County, KY HUD Metro FMR Area | 814 | 819 | 1075 | 1463 | 1680 |
| 18 | Nelson County, KY HUD Metro FMR Area | 770 | 781 | 1016 | 1360 | 1704 |
| 19 | Owensboro, KY MSA | 840 | 846 | 1110 | 1466 | 1470 |
| 20 | Shelby County, KY HUD Metro FMR Area | 954 | 1027 | 1143 | 1417 | 1697 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025.
Year-Over-Year Changes in Kentucky (KY) Rent Prices
0.93%
or
$11
Year-Over-Year Decrease
$1,1831
2025 Average Historical Rent Price
$1,1721
2026 Average Current Rent Price
$1,1611
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
Kentucky (KY) Rental Real Estate Resources
Kentucky Rental Property Management
Kentucky rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
Kentucky Rental Property Insurance
Kentucky landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks.
Kentucky Rental Property Loans
Kentucky rental property loans provide investors with financing solutions to purchase, refinance, or renovate properties in a state known for its mix of urban and rural rental opportunities.
Kentucky Rental Agreements
Residential rental agreement templates in Kentucky provide a standardized way to outline the terms of a rental arrangement, including rent, lease duration, and landlord/tenant responsibilities.
The #1 Rental Property Newsletter
Once a month, we send out an exclusive Rental Property Market Update with top stories, current mortgage rates, building products, and more. No spam and unsubscribe anytime.
Kenctucky Rent Price Calculators
Need help with rent-related math? Use our rental property calculators to handle everything from price adjustments to fee calculations in just a few clicks.
Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
Search Rental Real Estate
Try searching our site for hundreds of rental property topics including loans, investor tool reviews, real estate companies, property management tips and more.
Average Rent in the United States
Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.
Cheapest Rent in the United States
The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.
Most Expensive Rent in the United States
It’s no secret that rent prices have been continually on the rise, but where are rents really the highest in the United States?
Rental Property Rent Payments
Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.
Rental Property Investing
Rental property investing is a powerful and time-tested way to generate cashflow and build long term wealth through real estate.
Real Estate Investor Tools
Real estate investor tools enable investors to analyze, manage, and effectively optimize their rental properties and portfolio.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.