WoodSpring
550 Mt Zion Rd,
Florence, KY 41042
1-2 Beds | $1,041 - $2,447
Rental Market Trends in Florence, KY
What is the average rent in Florence, KY?
$1,201/month
Average Rent
721 Sq Ft
Average Apartment Size
+4.4%
Increase in the Last Year
As of December 2024, the average rent in Florence, KY is $1,201 per month. This is 23% lower than the national average rent of $1,560/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 $799 per month for a studio, $1,201 for a one-bedroom apartment, and around $1,398 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,538 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 4.4%, which averages out to $53 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 December 2024
Legend
2023
2024
Rent Ranges in Florence, KY
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
21%
$700 - $1,000/month
53%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
2%
Above $2,000/month
What salary do I need to live comfortably in Florence, KY?
Because the average rent in Florence is $1,201, you’ll want to make about $4,003 per month or $48,036 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.
Nearby City Rent Trends
Apartment communities in Florence we think you'll love
Property Management Companies in Florence, KY
Ackermann Group
-
20
Communities
-
4,729
Units
-
15
Cities
3 Communities in Florence
DMG Rentals, Inc.
-
16
Communities
-
1,941
Units
-
9
Cities
3 Communities in Florence
Uptown Rental Properties
-
12
Communities
-
1,695
Units
-
4
Cities
3 Communities in Florence
BRG Apartments
-
19
Communities
-
3,751
Units
-
17
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
-
305
Communities
-
74,735
Units
-
140
Cities
1 Community in Florence
IRT Living
-
110
Communities
-
32,646
Units
-
71
Cities
1 Community in Florence
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Methodology
† 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.
* Percentages may not total 100 due to rounding.