DREAM Owensboro
3750 Ralph Ave,
Owensboro, KY 42303
1-2 Beds | $1,054 - 1,499
Rental Market Trends in Owensboro, KY
What is the average rent in Owensboro, KY?
$728/month
Average Rent
609 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of November 2024, the average rent in Owensboro, KY is $728 per month. This is 53% lower than the national average rent of $1,559/month, making renting in Owensboro more affordable than most cities in the US. When you rent an apartment in Owensboro, you can expect to pay about per month for a studio, $728 for a one-bedroom apartment, and around $935 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,381 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 Owensboro, KY?
In the past year, rent has increased by 0.8%, which averages out to $6 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 November 2024
Legend
2023
2024
Rent Ranges in Owensboro, KY
Last Updated November 2024
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
47%
Below $700/month
37%
$700 - $1,000/month
16%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Owensboro, KY?
Because the average rent in Owensboro is $728, you’ll want to make about $2,426 per month or $29,112 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 Owensboro, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Owensboro, 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.
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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.