Average Rent in Montgomery County, KY↑ Rents rising 2.0% YoY🔻 2nd cheapest in KY
HUD FY2025 · Official government data · Updated annually · Metro pop. 28,271
Market Overview
Montgomery County, KY has rental prices ranging from $624/month to $1,149/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $661/month — 53% below the national average of $1,400/month. With a median household income of $57,468/year, spending $661/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Montgomery County Compares
With an average 2-bedroom rent of $867/month, Montgomery County ranks #97 most expensive of the 98 cities tracked in Kentucky — more affordable than 90% of all US cities in our data.
The Montgomery County Rental Market
The Montgomery County, KY area has a population of about 28,271 and 34% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Montgomery County, KY have risen by $17/month (2.0%) over the past year, from $850 to $867. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Montgomery County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $26,440. The local median household income of $57,468 exceeds that threshold by $31,028, making Montgomery County relatively accessible compared to local wages.
Economy & Jobs
Montgomery 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 FY2025Is Montgomery 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 | $759 | $848 | $1,098 | $1,323 | — |
| Lexington | $799 | $982 | $1,165 | $1,583 | — |
| Carter County | $657 | $661 | $867 | $1,215 | — |
| Huntington | $844 | $850 | $971 | $1,259 | — |
| Clarksville | $916 | $976 | $1,229 | $1,722 | — |
| Bowling Green | $882 | $993 | $1,173 | $1,413 | — |
Rent or Buy in Montgomery County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Montgomery County data
Renting appears to be the better financial choice for this scenario.
Living in Montgomery 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 Montgomery CountySalary needed to afford rent here
🗺️All Cities in KYSee how Montgomery County ranks statewide
⚖️Compare Montgomery CountySide-by-side rent & cost of living with any city
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