Average Rent in Carroll County, KY↑ Rents rising 10.1% YoY
HUD FY2027 · Official government data · Updated annually · Metro pop. 10,878
Market Overview
Carroll County, KY has rental prices ranging from $766/month to $1,409/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $819/month — 41% below the national average of $1,400/month. With a median household income of $57,753/year, spending $819/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.
How Carroll County Compares
With an average 2-bedroom rent of $1,072/month, Carroll County ranks #18 most expensive of the 107 cities tracked in Kentucky — pricier than 60% of all US cities in our data.
The Carroll County Rental Market
The Carroll County, KY area has a population of about 10,878 and 36% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Carroll County, KY have risen by $98/month (10.1%) over the past year, from $974 to $1,072. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Carroll County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,760. The local median household income of $57,753 exceeds that threshold by $24,993, making Carroll County relatively accessible compared to local wages.
Economy & Jobs
Carroll County, KY has an unemployment rate of 4.5%, 0.6 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 Carroll 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 Carroll County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Carroll County data
Buying breaks even after 3 years — worth it if you stay 3+ years.
Living in Carroll 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 Carroll CountySalary needed to afford rent here
🗺️All Cities in KYSee how Carroll County ranks statewide
⚖️Compare Carroll CountySide-by-side rent & cost of living with any city
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