Nicholasville, 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 Nicholasville is $1,425, a 4.07% increase compared to the previous year, when the average rent was $1,369.
One-bedroom apartments provide 760 square feet for $1,325, balancing privacy and affordability.
Two-beedroom units at $1,431 offer 1,029 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,515 sq ft) for $1,997, suitable for larger households.
Average rent in Nicholasville, KY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,425 | 957 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,325 | 760 sq. ft. |
| 2 Beds | $1,431 | 1,029 sq. ft. |
| 3 Beds | $1,997 | 1,515 sq. ft. |
Nicholasville, KY rent trends
Rental prices in Nicholasville, KY have increased by 4.07% over the past year. The average rent moved from $1,369 to $1,425.
What's the typical rent budget in Nicholasville, KY?
The largest share of rentals in Nicholasville, KY (45%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Nicholasville, KY?
4,426 or 37% of the households in Nicholasville, KY are renter-occupied while 7,471 or 63% are owner-occupied.
How Nicholasville Compares to Other Cities
| City | Average Rent |
|---|---|
| Nicholasville | $1,425 |
| 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 |
| Frankfort | $1,084 |
| Georgetown, KY | $1,352 |
| 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 Nicholasville 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.