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
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 FY2025Is 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)
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 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
Buying breaks even after 4 years — worth it if you stay 4+ years.
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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💵Rent Affordability in Simpson CountySalary needed to afford rent here
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