Average Rent in Owen County, KY↑ Rents rising 2.7% YoY

Owen County, KY has rental prices ranging from $730/month to $1,428/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $781/month — 44% below the national average of $1,400/month. With a median household income of $59,706/year, spending $781/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Owen County Compares

With an average 2-bedroom rent of $1,022/month, Owen County ranks #22 most expensive of the 107 cities tracked in Kentucky — pricier than 51% of all US cities in our data.

The Owen County Rental Market

The Owen County, KY area has a population of about 11,270 and 12% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Owen County, KY have risen by $27/month (2.7%) over the past year, from $995 to $1,022. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Owen County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,240. The local median household income of $59,706 exceeds that threshold by $28,466, making Owen County relatively accessible compared to local wages.

Economy & Jobs

Owen County, KY has an unemployment rate of 4.7%, 0.8 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 Owen County, KY Affordable?

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

Rent or Buy in Owen County?

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

Living in Owen County

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