Frankfort, KY Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Frankfort is $1,084, a 8.68% increase compared to the previous year, when the average rent was $998.
Studio Apartments at $704 offer the most budget-friendly option with 374 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 665 square feet for $973, balancing privacy and affordability.
Two-beedroom units at $1,276 offer 972 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,334 sq ft) for $1,364, suitable for larger households.
Average rent in Frankfort, KY
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,084 | 784 sq. ft. |
| Studio | $704 | 374 sq. ft. |
| 1 Bed | $973 | 665 sq. ft. |
| 2 Beds | $1,276 | 972 sq. ft. |
| 3 Beds | $1,364 | 1,334 sq. ft. |
Frankfort, KY rent trends
Rental prices in Frankfort, KY have increased by 8.68% over the past year. The average rent moved from $998 to $1,084.
What's the typical rent budget in Frankfort, KY?
The largest share of rentals in Frankfort, KY (60%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Frankfort, KY?
6,633 or 52% of the households in Frankfort, KY are renter-occupied while 6,130 or 48% are owner-occupied.
How Frankfort Compares to Other Cities
| City | Average Rent |
|---|---|
| Frankfort | $1,084 |
| Louisville | $1,314 |
| Lexington | $1,344 |
| Florence | $1,403 |
| Richmond | $958 |
| Covington | $1,532 |
| Newport | $1,490 |
| Shelbyville | $1,155 |
| Ft Mitchell | $1,189 |
| Elizabethtown | $1,235 |
| Erlanger | $1,427 |
| Jeffersontown, KY | $1,357 |
| Lyndon, KY | $1,300 |
| Nicholasville | $1,425 |
| Georgetown, KY | $1,352 |
| Crestwood, KY | $1,225 |
| La Grange, KY | $1,375 |
| Middletown, KY | $1,573 |
| Lawrenceburg, KY | $824 |
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 Frankfort 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.