Average Rent in Boyle County, KY↑ Rents rising 1.3% YoY
HUD FY2027 · Official government data · Updated annually · Metro pop. 30,708
Market Overview
Boyle County, KY has rental prices ranging from $720/month to $1,216/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $725/month — 48% below the national average of $1,400/month. With a median household income of $61,635/year, spending $725/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Boyle County Compares
With an average 2-bedroom rent of $925/month, Boyle County ranks #43 most expensive of the 107 cities tracked in Kentucky — more affordable than 88% of all US cities in our data.
The Boyle County Rental Market
The Boyle County, KY area has a population of about 30,708 and 31% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Boyle County, KY have risen by $12/month (1.3%) over the past year, from $913 to $925. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.
Affordability
To afford a 1-bedroom apartment in Boyle County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,000. The local median household income of $61,635 exceeds that threshold by $32,635, making Boyle County relatively accessible compared to local wages.
Economy & Jobs
Boyle County, KY has an unemployment rate of 5.4%, 1.5 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 Boyle 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 Boyle County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Boyle County data
Renting appears to be the better financial choice for this scenario.
Living in Boyle 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 Boyle CountySalary needed to afford rent here
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