Average Rent in Anderson County, KY↑ Rents rising 7.6% YoY🔺 14th priciest in KY
HUD FY2027 · Official government data · Updated annually · Metro pop. 24,098
Market Overview
Anderson County, KY has rental prices ranging from $801/month to $1,566/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,020/month — 27% below the national average of $1,400/month. With a median household income of $71,747/year, spending $1,020/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.
How Anderson County Compares
With an average 2-bedroom rent of $1,121/month, Anderson County ranks #14 most expensive of the 107 cities tracked in Kentucky — pricier than 67% of all US cities in our data.
The Anderson County Rental Market
The Anderson County, KY area has a population of about 24,098 and 22% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Anderson County, KY have risen by $79/month (7.6%) over the past year, from $1,042 to $1,121. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Anderson County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $40,800. The local median household income of $71,747 exceeds that threshold by $30,947, making Anderson County relatively accessible compared to local wages.
Economy & Jobs
Anderson County, KY has an unemployment rate of 4.8%, 0.9 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2027Is Anderson County, KY Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in KYlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Grant County | $840 | $899 | $1,146 | $1,365 | — |
| Meade County | $799 | $804 | $1,052 | $1,443 | — |
| Lexington | $986 | $1,205 | $1,416 | $1,948 | — |
| Carter County | $745 | $749 | $909 | $1,246 | — |
| Huntington | $858 | $864 | $1,006 | $1,287 | — |
| Clarksville | $1,061 | $1,068 | $1,307 | $1,786 | — |
Rent or Buy in Anderson County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Anderson County data
Buying breaks even after 2 years — worth it if you stay 2+ years.
Living in Anderson County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Anderson CountySalary needed to afford rent here
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