Average Rent in Montgomery County, KY↑ Rents rising 10.9% YoY
HUD FY2027 · Official government data · Updated annually · Metro pop. 28,271
Market Overview
Montgomery County, KY has rental prices ranging from $717/month to $1,320/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $767/month — 45% below the national average of $1,400/month. With a median household income of $57,468/year, spending $767/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.
How Montgomery County Compares
With an average 2-bedroom rent of $1,004/month, Montgomery County ranks #27 most expensive of the 107 cities tracked in Kentucky — more affordable than 66% 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 $99/month (10.9%) over the past year, from $905 to $1,004. 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 Montgomery County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,680. The local median household income of $57,468 exceeds that threshold by $26,788, 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 FY2027Is 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 | $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 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
Buying breaks even after 4 years — worth it if you stay 4+ years.
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
📋KY Tenant RightsDeposit limits, eviction laws & renters protections