Berea, KY Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Berea is $938, a 9.25% increase compared to the previous year, when the average rent was $859.
Two-beedroom units at $935 offer 1,021 square feet, perfect for roommates or small families.
Average rent in Berea, KY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $938 | 1,012 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | n/a | n/a |
| 2 Beds | $935 | 1,021 sq. ft. |
| 3 Beds | n/a | n/a |
Berea, KY rent trends
Rental prices in Berea, KY have increased by 9.25% over the past year. The average rent moved from $859 to $938.
What's the typical rent budget in Berea, KY?
The largest share of rentals in Berea, KY (88%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Berea, KY?
2,429 or 43% of the households in Berea, KY are renter-occupied while 3,265 or 57% are owner-occupied.
How Berea Compares to Other Cities
| City | Average Rent |
|---|---|
| Louisville | $1,314 |
| Lexington | $1,344 |
| Florence | $1,403 |
| Richmond | $958 |
| Newport | $1,490 |
| Covington | $1,532 |
| Shelbyville | $1,155 |
| Ft Mitchell | $1,189 |
| Elizabethtown | $1,235 |
| Erlanger | $1,427 |
| Nicholasville | $1,425 |
| Georgetown, KY | $1,352 |
| Lawrenceburg, KY | $824 |
| Berea | $938 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Berea apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.