Average Rent in Monroe County, KY↑ Rents rising 5.0% YoY🔻 5th cheapest in KY

Monroe County, KY has rental prices ranging from $650/month to $1,314/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $695/month — 50% below the national average of $1,400/month. With a median household income of $49,430/year, spending $695/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Monroe County Compares

With an average 2-bedroom rent of $909/month, Monroe County ranks #103 most expensive of the 107 cities tracked in Kentucky — more affordable than 94% of all US cities in our data.

The Monroe County Rental Market

The Monroe County, KY area has a population of about 11,318 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 Monroe County, KY have risen by $43/month (5.0%) over the past year, from $866 to $909. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Monroe County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,800. The local median household income of $49,430 exceeds that threshold by $21,630, making Monroe County relatively accessible compared to local wages.

Economy & Jobs

Monroe County, KY has an unemployment rate of 4.9%, 1.0 percentage point 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 Monroe County, KY Affordable?

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

Rent or Buy in Monroe County?

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

Living in Monroe County

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