WoodSpring
550 Mt Zion Rd,
Florence, KY 41042
1-2 Beds | $1,269 - $2,079
Rental Market Trends in Florence, KY
What is the average rent in Florence, KY?
$1,249/month
Average Rent
721 Sq Ft
Average Apartment Size
+4.5%
Increase in the Last Year
As of May 2025, the average rent in Florence, KY is $1,249 per month. This is 23% lower than the national average rent of $1,625/month, making renting in Florence more affordable than most cities in the US. When you rent an apartment in Florence, you can expect to pay about $815 per month for a studio, $1,249 for a one-bedroom apartment, and around $1,434 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,573 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Florence, KY?
In the past year, rent has increased by 4.5%, which averages out to $57 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024
2025
Rent Ranges in Florence, KY
Last Updated May 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
21%
$700 - $1,000/month
42%
$1,001 - $1,500/month
28%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Florence?
Based on current rent prices, Saddlebrook Farms is the most affordable neighborhood in Florence.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Florence?
Based on current rent prices, Saddlebrook Farms is the most expensive neighborhood in Florence.
Neighborhood
Average Rent
Average Sq Ft
Which Florence neighborhoods have the most rentals available?
The neighborhood in Florence with the most apartments available is Saddlebrook Farms .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Florence, KY?
Because the average rent in Florence is $1,249, you’ll want to make about $4,163 per month or $49,956 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Florence, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Florence, KY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Loading Results...
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Florence we think you'll love
Property Management Companies in Florence, KY
DMG Rentals, Inc.
-
17
Communities
-
2,103
Units
-
9
Cities
4 Communities in Florence
Ackermann Group
-
21
Communities
-
4,921
Units
-
15
Cities
3 Communities in Florence
Uptown Rental Properties
-
16
Communities
-
2,190
Units
-
4
Cities
3 Communities in Florence
The Brynson Group
-
20
Communities
-
4,789
Units
-
19
Cities
2 Communities in Florence
Living Residential LLC
-
14
Communities
-
3,238
Units
-
13
Cities
2 Communities in Florence
Nexus Property Management
-
12
Communities
-
2,896
Units
-
10
Cities
2 Communities in Florence
Monarch Investment and Management Group
-
306
Communities
-
74,785
Units
-
140
Cities
1 Community in Florence
Arlington Properties
-
108
Communities
-
26,125
Units
-
64
Cities
1 Community in Florence
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.