RentData

Average Rent in Grant County, KY↓ Rents falling 0.8% YoY🔺 9th priciest in KY

HUD FY2027 · Official government data · Updated annually · Metro pop. 2,255,257

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Grant County, KY has rental prices ranging from $840/month to $1,692/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $899/month — 36% below the national average of $1,400/month. With a median household income of $79,490/year, spending $899/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Grant County Compares

With an average 2-bedroom rent of $1,146/month, Grant County ranks #9 most expensive of the 107 cities tracked in Kentucky — pricier than 70% of all US cities in our data.

The Grant County Rental Market

The Grant County, KY area has a population of about 2,255,257 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Grant County, KY have fallen by $9/month (0.8%) over the past year, from $1,155 to $1,146. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Grant County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $35,960. The local median household income of $79,490 exceeds that threshold by $43,530, making Grant County relatively accessible compared to local wages.

Fair Market Rents

HUD FY2027
Studio
$840
Affordable
1 Bedroom
$899
Affordable
2 Bedrooms
$1,146
↓0.8% YoY
Affordable
3 Bedrooms
$1,365
Affordable
4 Bedrooms
$1,692
Affordable
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Is Grant County, KY Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$45,840/year
Local median income: $79,490
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,146/month and 20% down on a — home at 7% rate.

Nearby Cities in KYlargest metros in the state

CityStudio1BR2BR3BRHome Value
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—
Bowling Green$920$1,020$1,199$1,438—

Rent or Buy in Grant County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Grant County data

$
Home Value
$350,000
2BR Rent
$1,146/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,146/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Grant County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Grant County

Compare rent & home prices by neighborhood

💵Rent Affordability in Grant County

Salary needed to afford rent here

🗺️All Cities in KY

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⚖️Compare Grant County

Side-by-side rent & cost of living with any city

📋KY Tenant Rights

Deposit limits, eviction laws & renters protections