Apartments for Rent in Prospect, KY

Prices and availability in Prospect, KY were last updated on 20 Oct 2026.

The best apartments in Prospect, KY are: Lyric at Norton Commons Apartments, The Coop at River Road, Veranda at Norton Commons and 9216 Newbury Court.

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

The price range for a studio apartment in Prospect, KY is between $1,244 and $3,335.

The price range for a 1-bedroom apartment in Prospect, KY is between $1,484 and $3,339.

The price range for a 2-bedroom apartment in Prospect, KY is between $1,625 and $5,667.

The price range for a 3-bedroom apartment in Prospect, KY is between $2,100 and $8,166.

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 average age of rental buildings in Prospect is 6 years old, with all being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.