Average Rent in Madison County, KY↑ Rents rising 9.8% YoY

Madison County, KY has rental prices ranging from $691/month to $1,600/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $859/month — 39% below the national average of $1,400/month. With a median household income of $62,407/year, spending $859/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Madison County Compares

With an average 2-bedroom rent of $993/month, Madison County ranks #30 most expensive of the 107 cities tracked in Kentucky — more affordable than 72% of all US cities in our data.

The Madison County Rental Market

The Madison County, KY area has a population of about 94,064 and 38% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Madison County, KY have risen by $89/month (9.8%) over the past year, from $904 to $993. 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 Madison County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,360. The local median household income of $62,407 exceeds that threshold by $28,047, making Madison County relatively accessible compared to local wages.

Economy & Jobs

Madison County, KY has an unemployment rate of 5.9%, 2.0 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.

Is Madison County, KY Affordable?

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

Rent or Buy in Madison County?

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

Living in Madison County

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