Apartments for Rent in Prospect, KY

Prices and availability in Prospect, KY were last updated on 11 Jul 2026.

The best apartments in Prospect, KY are: The Coop at River Road, Veranda at Norton Commons and Lyric at Norton Commons Apartments.

The average rent in Prospect, KY is $1,953.

The price range for a studio apartment in Prospect, KY is between $1,399 and $3,222.

The price range for a 1-bedroom apartment in Prospect, KY is between $1,395 and $3,869.

The price range for a 2-bedroom apartment in Prospect, KY is between $1,895 and $4,899.

The price range for a 3-bedroom apartment in Prospect, KY is between $2,195 and $7,472.

In Prospect, 7% of the residents are renting compared to 93% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Prospect's rentals, all are small-scale complexes with under 50 units, and none are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Prospect are about 6 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Prospect are around 2% of rentals, while 1-bedroom floor plans represent 38% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 48% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.