Average Rent in Frankfort, KY and Rent Price Trends

Rent trends in Frankfort, KY

Average rent prices in Frankfort have decreased by 3% over the last month and have decreased by 12% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Frankfort, KY

Rent prices in Frankfort vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Frankfort is $900, whereas a house costs $1,395. 1-bedroom apartments in Frankfort run $795 on average, while 2-bedroom apartments are $950.


Studio	$950	5%	22%
1 bedroom	$795	6%	18%
2 bedroom	$1,010	4%	5%
3 bedroom	$1,700	4%	10%
4 bedroom	$2,397	23%	74%


Apartments	$900	5%	No Change
Condos	$850	13%	7%
Houses	$1,395	5%	No Change

Studio

Average rent

$950

Last 30 days

Last year

22%

1 bedroom

Average rent

$795

Last 30 days

Last year

18%

2 bedroom

Average rent

$1,010

Last 30 days

Last year

3 bedroom

Average rent

$1,700

Last 30 days

Last year

10%

4 bedroom

Average rent

$2,397

Last 30 days

23%

Last year

74%

The table above reflects average rent prices in Frankfort, KY, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Frankfort, KY compare to other cities?

Compare median rent prices in Frankfort and Crestwood by all bedroom counts and property types.

Frankfort

Median rent price$980

48%

lower than the national median

Median rent price$1,731

lower than the national median

Takeaway

The median rent for all rentals in Frankfort, KY is 43% lower than the median rent in Crestwood, KY.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,731

$1,895

$1,099

$1,200

$1,595

$1,692

$1,522

$1,222

$1,095

$1,395

$1,345

$1,195

Discover rentals in Frankfort, KY

5d+ ago

Apartment for rent in Frankfort

1521 Steadmantown Lane

1521 Steadmantown Ln #4, Frankfort, KY 40601

2 beds

1 bath

$795

5d+ ago

Townhouse for rent in Frankfort

209 Landings Dr #2, Frankfort, KY 40601

2 beds

1 bath

$825

5d+ ago

Apartment for rent in Frankfort

Residential Lease, Frankfort, KY

106 Quachita Trl #2, Frankfort, KY 40601

2 beds

1 bath

$850

13h ago

8.2

Very good

220 East Main Street

220 E Main St, Frankfort, KY 40601

2 beds

1 bath

$895

5d+ ago

Apartment for rent in Frankfort

3895 Evergreen Townhomes - 23

3895 Evergreen Rd #23, Frankfort, KY 40601

2 beds

1 bath

$895

5d+ ago

Townhouse for rent in Frankfort

Residential Lease, Frankfort, KY

165 Landings Dr, Frankfort, KY 40601

2 beds

1.5 baths

$895

5d+ ago

Apartment for rent in Frankfort

Residential Lease, Frankfort, KY

1511 Steadmantown Ln #1, Frankfort, KY 40601

3 beds

1 bath

$895

4d ago

Very good

Tierra Linda

930 Tierra Linda Dr, Frankfort, KY 40601

2 beds

1 bath

$900

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Frequently asked questions for Frankfort, KY

Quick answers to common questions about the Frankfort rental market.

How much is rent in Frankfort?

The average rent in Frankfort is $980 per month as of October 3, 2026.

Is rent up or down in Frankfort?

Average rent prices in Frankfort have decreased by 3% over the last month and have decreased by 12% since last year.

How does Frankfort rent compare to the national average?

Rent in Frankfort is 48% below the national average, which means renters are paying approximately $920 less per month.

What salary do I need to afford rent in Frankfort?

To comfortably afford rent in Frankfort, you'd need to earn approximately $39,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Frankfort?

February offers the lowest rental prices in Frankfort, with rents running about 28% lower than August, which sees the highest prices of the year.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).