RentData

Average Rent in Simpson County, KY Rents rising 2.2% YoY🔺 11th priciest in KY

HUD FY2025 · Official government data · Updated annually · Metro pop. 19,786

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

Market Overview

Simpson County, KY has rental prices ranging from $735/month to $1,408/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $791/month — 43% below the national average of $1,400/month. With a median household income of $57,392/year, spending $791/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Simpson County Compares

With an average 2-bedroom rent of $1,022/month, Simpson County ranks #11 most expensive of the 98 cities tracked in Kentucky — pricier than 67% of all US cities in our data.

The Simpson County Rental Market

The Simpson County, KY area has a population of about 19,786 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 Simpson County, KY have risen by $22/month (2.2%) over the past year, from $1,000 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 Simpson County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,640. The local median household income of $57,392 exceeds that threshold by $25,752, making Simpson County relatively accessible compared to local wages.

Economy & Jobs

Simpson County, KY has an unemployment rate of 5.3%, 1.4 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
$735
Affordable
1 Bedroom
$791
Affordable
2 Bedrooms
$1,022
2.2% YoY
Affordable
3 Bedrooms
$1,369
Affordable
4 Bedrooms
$1,408
Affordable
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Is Simpson 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
$40,880/year
Local median income: $57,392
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,022/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 Simpson County?

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

Should I Rent or Buy?

Break-even analysis using real Simpson County data

$
Home Value
$350,000
2BR Rent
$1,022/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $2,577/movs rent: $1,022/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Simpson 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 Simpson County

Compare rent & home prices by neighborhood

💵Rent Affordability in Simpson County

Salary needed to afford rent here

🗺️All Cities in KY

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⚖️Compare Simpson County

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📋KY Tenant Rights

Deposit limits, eviction laws & renters protections