Last updated on August 1, 2026

Average rent in
Prospect, KY

Median rent

Median rent in Prospect

$2,785/mo

increased by22%

vs previous year

The average rent in Prospect is $2,785 per month as of July 2026. This is 44% above the national average rent, or $855 more per month.

$1.61

average price per square foot

Total rentals

Available rentals in Prospect

12

for rent on Zumper.com as of July 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 decreased by 2% over the last month and have increased by 22% 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 $3,200. 1-bedroom apartments in Prospect run $1,742 on average, while 2-bedroom apartments are $2,515.

Listings

Studio

$1,299

No Change

23%

1 bedroom

$1,391

4%

24%

2 bedroom

$1,464

6%

25%

3 bedroom

$2,150

3%

19%

4 bedroom

$2,700

2%

16%

Studio

Average rent

$1,299

Last 30 days

No Change

Last year

23%

1 bedroom

Average rent

$1,391

Last 30 days

4%

Last year

24%

2 bedroom

Average rent

$1,464

Last 30 days

6%

Last year

25%

3 bedroom

Average rent

$2,150

Last 30 days

3%

Last year

19%

4 bedroom

Average rent

$2,700

Last 30 days

2%

Last year

16%

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$2,785
increased by44%

higher than the national median

Median rent price$1,699
decreased by12%

lower than the national median

Takeaway

The median rent for all rentals in Prospect, KY is 64% higher than the median rent in Bancroft, KY.

Discover rentals in Prospect, KY

6407 Duroc Ave - Photo 1 of 1

5d+ ago

Apartment for rent in Prospect

Apartment for rent

10639 Meeting Street - Photo 1 of 1
Age restricted

27m ago

7.5

Very good

10639 Meeting Street

10639 Meeting St, Prospect, KY 40059

2 beds

1 bath

$1,500

Apartment for rent

6206 Mistflower Cir #201 - Photo 1 of 1

4d ago

House for rent in Prospect

House for rent

9215 Eminence Ct - Photo 1 of 1

4d ago

Apartment for rent in Prospect

Apartment 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 $2,785 per month as of July 25, 2026.

Is rent up or down in Prospect?

Average rent prices in Prospect have decreased by 2% over the last month and have increased by 22% since last year.

How does Prospect rent compare to the national average?

Rent in Prospect is 44% above the national average, which means renters are paying approximately $855 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 $111,000/year, based on spending no more than 30% of your income on rent.

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

Based on our current listings, 59% of Prospect apartments welcome pets, which works out to about 20 pet-friendly units each month across the city's average inventory of 34 listings.

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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