Veranda at Norton Commons
9506 Civic Way,
Prospect, KY 40059
1-3 Beds | $1,399 - 2,899
Rental Market Trends in Prospect, KY
What is the average rent in Prospect, KY?
$1,579/month
Average Rent
722 Sq Ft
Average Apartment Size
+5.1%
Increase in the Last Year
As of November 2024, the average rent in Prospect, KY is $1,579 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means Prospect rent prices are 1% higher than the national average. When you rent an apartment in Prospect, you can expect to pay about $1,223 per month for a studio, $1,579 for a one-bedroom apartment, and around $2,132 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,657 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 Prospect, KY?
In the past year, rent has increased by 5.1%, which averages out to $81 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 Prospect, KY
Last Updated November 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
67%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Prospect?
Based on current rent prices, River Bluff is the most affordable neighborhood in Prospect.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Prospect?
Based on current rent prices, River Bluff is the most expensive neighborhood in Prospect.
Neighborhood
Average Rent
Average Sq Ft
Which Prospect neighborhoods have the most rentals available?
The neighborhood in Prospect with the most apartments available is River Bluff .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Prospect, KY?
Because the average rent in Prospect is $1,579, you’ll want to make about $5,263 per month or $63,156 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 Prospect, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Prospect, 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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One Bedroom
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Two Bedroom
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Three Bedroom
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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.