Apartments for Rent in Prospect, KY

Prices and availability in Prospect, KY were last updated on 14 Jun 2026.

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

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

The price range for a studio apartment in Prospect, KY is between $1,399 and $3,222.

The price range for a 1-bedroom apartment in Prospect, KY is between $1,395 and $4,230.

The price range for a 2-bedroom apartment in Prospect, KY is between $1,895 and $5,368.

The price range for a 3-bedroom apartment in Prospect, KY is between $1,995 and $7,384.

In Prospect 7% of the housing is rented out compared to 93% of homes are owned, according to the most recent Census Bureau estimates. none of Prospect's apartments are found in large buildings of 50 units or more, all are located in smaller apartment complexes with less than 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.

Rental apartments in Prospect come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 38% of the total apartments in the city, while 2-bedroom floorplans represent around 48% of all rentals in Prospect. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.