Elsmere, KY Rental Market Trends
Highlights
The average rent for an apartment in Elsmere is $801, a 5% increase compared to the previous year, when the average rent was $765.
Average Rent in Elsmere, KY
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $801 | 5% | 852 sq. ft. |
The average size for a Elsmere, KY apartment is 852 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Elsmere, KY Apartment Rent Ranges
- < $5001%
- $501-$70023%
- $701-$1,00064%
- $1,001-$1,50012%
Elsmere, KY Occupied Housing Units
- Renter-occupied Households31%
- Owner-occupied Households68%
948 or 31% of the households in Elsmere, KY are renter-occupied while 2,024 or 68% are owner-occupied.
Elsmere, KY Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Elsmere, KY | $729 | $741 | $760 | $761 | $747 | $748 | $765 | $760 | $793 | $801 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
How Elsmere Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Louisville | $968 | 5% |
| Lexington | $919 | 4% |
| Florence | $915 | 5% |
| Covington | $1,130 | 41% |
| Ft Mitchell | $823 | 6% |
| Burlington Town | $994 | 9% |
| Fort Wright | $1,165 | 42% |
| Erlanger | $801 | 5% |
| Covedale | $687 | 3% |
| Fort Mitchell City | $823 | 6% |
| Elsmere | $801 | 5% |
For more information about the Elsmere rental trends, check out our monthly rent report
Check out Kentucky Cities, Kentucky Neighborhoods and Kentucky Zip Codes for more details on verified listings, including the Kentucky Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!