Last updated on June 17, 2026

Average rent in
Prospect, KY

Median rent

Median rent in Prospect

$3,084/mo

increased by30%

vs previous year

The average rent in Prospect is $3,084 per month as of June 2026. This is 58% above the national average rent, or $1,134 more per month.

$1.62

average price per square foot

Total rentals

Available rentals in Prospect

14

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Prospect rentals at each price point

45%34%23%11%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Prospect, KY, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Prospect, KY

Average rent prices in Prospect have increased by 7% over the last month and have increased by 30% 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 Prospect, KY

Rent prices in Prospect vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Prospect is $1,716, whereas a house costs $4,650. 1-bedroom apartments in Prospect run $1,815 on average, while 2-bedroom apartments are $2,585.

Listings

Studio

$1,349

No Change

11%

1 bedroom

$1,100

4%

28%

2 bedroom

$1,527

2%

22%

3 bedroom

$2,344

4%

33%

4 bedroom

$2,700

2%

21%

Studio

Average rent

$1,349

Last 30 days

No Change

Last year

11%

1 bedroom

Average rent

$1,100

Last 30 days

4%

Last year

28%

2 bedroom

Average rent

$1,527

Last 30 days

2%

Last year

22%

3 bedroom

Average rent

$2,344

Last 30 days

4%

Last year

33%

4 bedroom

Average rent

$2,700

Last 30 days

2%

Last year

21%

The table above reflects average rent prices in Prospect, 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 Prospect, KY compare to other cities?

Compare median rent prices in Prospect and Bancroft by all bedroom counts and property types.

Prospect

Median rent price$3,084
increased by58%

higher than the national median

Median rent price$1,464
decreased by25%

lower than the national median

Takeaway

The median rent for all rentals in Prospect, KY is 111% higher than the median rent in Bancroft, KY.

Discover rentals in Prospect, KY

10639 Meeting Street - Photo 1 of 1
Age restricted

3d ago

7.5

Very good

10639 Meeting Street

10639 Meeting St, Prospect, KY 40059

2 beds

1 bath

$1,500

Apartment for rent

9438 Norton Commons Blvd - Photo 1 of 1

5d+ ago

Condo for rent in Prospect

Beautiful townhouse in much desired NORTON COMMONS

9438 Norton Commons Blvd, Prospect, KY 40059

2 beds

2.5 baths

$2,500

Condo for rent

Available Jun 8

10510 Meeting St #201 - Photo 1 of 1

5d+ ago

Apartment for rent in Prospect

Norton Commons

10510 Meeting St #201, Prospect, KY 40059

3 beds

2 baths

$3,200

Apartment for rent

Available Jun 15

6100 Passionflower Dr #101 - Photo 1 of 1
New construction

5d+ ago

Condo for rent in Prospect

CONDOS - Other - Prospect, KY

6100 Passionflower Dr #101, Prospect, KY 40059

3 beds

2 baths

$3,750

Condo for rent

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Frequently asked questions for Prospect, KY

Quick answers to common questions about the Prospect rental market.

How much is rent in Prospect?

The average rent in Prospect is $3,084 per month as of June 13, 2026.

Is rent up or down in Prospect?

Average rent prices in Prospect have increased by 7% over the last month and have increased by 30% since last year.

How does Prospect rent compare to the national average?

Rent in Prospect is 58% above the national average, which means renters are paying approximately $1,134 more per month.

What salary do I need to afford rent in Prospect?

To comfortably afford rent in Prospect, you'd need to earn approximately $123,000/year, based on spending no more than 30% of your income on rent.

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

Prospect offers good options for pet owners, with 59% of available apartments welcoming pets. With an average of 32 listings available monthly, this translates to approximately 19 pet-friendly units to choose from each month.

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).

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