Last updated on September 16, 2026

Average rent in
Prospect, KY

Median rent

Median rent in Prospect

$1,578/mo

decreased by30%

vs previous year

The average rent in Prospect is $1,578 per month as of September 2026. This is 17% below the national average rent, or $322 less per month.

$1.37

average price per square foot

Total rentals

Available rentals in Prospect

15

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Prospect rentals at each price point

35%26%18%9%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Prospect, KY

Average rent prices in Prospect have decreased by 18% over the last month and have decreased 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 $1,699, whereas a house costs $2,850. 1-bedroom apartments in Prospect run $1,578 on average, while 2-bedroom apartments are $2,199.

Listings

Studio

$1,349

1%

8%

1 bedroom

$1,371

2%

25%

2 bedroom

$1,702

2%

20%

3 bedroom

$1,850

4%

38%

4 bedroom

$2,850

9%

13%

Studio

Average rent

$1,349

Last 30 days

1%

Last year

8%

1 bedroom

Average rent

$1,371

Last 30 days

2%

Last year

25%

2 bedroom

Average rent

$1,702

Last 30 days

2%

Last year

20%

3 bedroom

Average rent

$1,850

Last 30 days

4%

Last year

38%

4 bedroom

Average rent

$2,850

Last 30 days

9%

Last year

13%

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$1,578
decreased by17%

lower than the national median

Median rent price$1,526
decreased by20%

lower than the national median

Takeaway

The median rent for all rentals in Prospect, KY is 3% higher than the median rent in Bancroft, KY.

Discover rentals in Prospect, KY

10639 Meeting Street - Photo 1 of 1
Age restricted

1d ago

8.8

Very good

10639 Meeting Street

10639 Meeting St, Prospect, KY 40059

1–2 beds

1–2 baths

$1,450–$1,750

9406 Harlow Ct - Photo 1 of 1

5d+ ago

Apartment for rent in Prospect

10645 Meeting Street - Photo 1 of 1

4d ago

8.5

Very good

10645 Meeting Street

10645 Meeting St, Prospect, KY 40059

4 beds

3 baths

$3,100

Stay up to date with rental market insights

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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 $1,578 per month as of September 12, 2026.

Is rent up or down in Prospect?

Average rent prices in Prospect have decreased by 18% over the last month and have decreased by 30% since last year.

How does Prospect rent compare to the national average?

Rent in Prospect is 17% below the national average, which means renters are paying approximately $322 less per month.

What salary do I need to afford rent in Prospect?

To comfortably afford rent in Prospect, you'd need to earn approximately $63,000/year, based on spending no more than 30% of your income on rent.

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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