RentData

Average Rent in Perry County, KY Rents rising 1.0% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 27,847

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Perry County, KY has rental prices ranging from $678/month to $1,249/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $718/month — 49% below the national average of $1,400/month. With a median household income of $45,261/year, spending $718/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Perry County Compares

With an average 2-bedroom rent of $942/month, Perry County ranks #19 most expensive of the 98 cities tracked in Kentucky — pricier than 54% of all US cities in our data.

The Perry County Rental Market

The Perry County, KY area has a population of about 27,847 and 28% 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 Perry County, KY have risen by $9/month (1.0%) over the past year, from $933 to $942. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Perry County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,720. The local median household income of $45,261 exceeds that threshold by $16,541, making Perry County relatively accessible compared to local wages.

Economy & Jobs

Perry County, KY has an unemployment rate of 5.1%, 1.2 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 FY2025
Studio
$678
Affordable
1 Bedroom
$718
Affordable
2 Bedrooms
$942
1.0% YoY
Affordable
3 Bedrooms
$1,135
Average
4 Bedrooms
$1,249
Average
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Is Perry County, KY Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$37,680/year
Local median income: $45,261
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $942/month and 20% down on a home at 7% rate.

Nearby Cities in KYlargest metros in the state

CityStudio1BR2BR3BRHome 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 Perry County?

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

Should I Rent or Buy?

Break-even analysis using real Perry County data

$
Home Value
$350,000
2BR Rent
$942/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $942/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Perry County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Perry County

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💵Rent Affordability in Perry County

Salary needed to afford rent here

🗺️All Cities in KY

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⚖️Compare Perry County

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📋KY Tenant Rights

Deposit limits, eviction laws & renters protections