Apartments For Rent in Prospect, KY

26 rentals

Apartments For Rent Near Prospect, KY

We found 30 more apartments matching your filters just outside Prospect

What Locals Say about Prospect

  • Sandravwilson1
    "I work from home but the times I do go downtown for work, assuming there is not a ton of roadwork like there is right now only takes me about 15-20 min. "
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  • Tami Grimes
    "Safe and friendly. Clean Well maintained. Walking friendly. Lots of grassy spots. 92 out of 100 dogs love it"
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  • Court200244
    "Lots of dogs and walking trails in the area. Very dog friendly and easy to maneuver. People tend to have dogs on leashes "
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  • April M. C.
    "Sidewalks in my subdivision. Lots of dog owners live here. Many yards are fenced or have underground/electric dog fence."
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  • Sandravwilson1
    "Neighborhood pool and parties there throughout the summer. Friendly neighborhood and beautiful to walk around in. "
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  • Ian C.
    "Great place to live. School district is perfect for a growing family. Low crime rate and everyone is very neighborly "
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  • Ian C.
    "Just neighbors being neighbors. Everyone waves to us in our neighborhood. It’s also very quiet, and minimal traffic."
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  • Sandravwilson1
    "There are always people out walking their dogs in our neighborhood. Very friendly neighbors and plenty of streets and sidewalks. "
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  • Jen M.
    "Very safe area. Great to raise a family. Great schools, esp on the Oldham County side of Prospect! Close to downtown, but not too close. "
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  • Sandravwilson1
    "I work from home. My husband commutes to work downtown via River road and it takes 15-20 min unless there is traffic. "
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  • Mike H.
    "No sidewalks between neighborhoods. Narrow streets. Main highway through town is very busy and no alternate routes. "
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  • CeCe R. .
    "Depending on what time you leave, most mornings it’s a very smooth, fast travel time. If you leave later than 7:45, you’re kind of screwed... traffic really picks up then."
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  • Warren.king3
    "It’s just a nice and quiet place. I really like it. I would love to live in a place like this one day. I think it has a really good chance to attract a lot more people."
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  • Dolph D.
    "Lot’s of places for dogs to walk and run free on our 3 acres.Our neighborhood has many large lots to have dogs,horses and other animals you would want."
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  • Rebecca
    "That people are very friendly here. On average, well-educated people and it’s has a small town feel. "
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  • Emailproperty1
    "Nice quite very friendly neighborhood very easy access to Kroger Walgreens easy to get everything around close to good school "
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  • Mkdugan26
    "Award winning Oldham county schools. Yard is private, partially wooded with creek and deer. Neighborhood is safe."
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  • Bryn M.
    "When I lived in that area the commute was long but pleasant because of how pretty the area is. There was very little traffic at the time but that was 15 years ago. "
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  • Donald D.
    "Cars drive slow in my neighborhood. Many people walk their dogs. You don’t really see dogs unless they are with their owners."
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  • Kelly H.
    "The Prospect, KY area and within the Award Winning Oldham Co. School district is a wonderful place to live. Minutes away from Hunting Creek Country Club, the option of country club golfing, tennis, swimming and a great restaurant are just minutes away!"
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  • Marybeth B.
    "It's very clean, the homes are beautiful, people take care of their yards and properties, the lawns are well maintained, sidewalks everywhere, pools, restaurants, YMCA, churches are nearby, freeway and hospitals are nearby. It's a pretty cool place! "
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  • terrymoore324
    "Full time resident. This is an excellent location to raise and educate a family and is only a short commute to downtown and metro Louisville for business, entertainment, or recreational activities."
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  • surojit_bandyo
    "This is one of the nicest area in the town. The schools are top notch, very kids friendly, very low crime rate and lot of woods around the place. In Prospect and Oldham county schools but closer to Jefferson county makes it a strategically good locaiton to live in."
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  • coyle0222
    "Area is across from Norton Commons, near the Summit Mall and close to expressways and restaurants!"
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  • d1albright
    "I used to live here and felt surrounded by snobby, rude and obnoxious people. The schools are NOT worth the cost of a house in this area! I moved BACK to Jefferson County AS SOON AS I COULD!!!"
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  • Leon J.
    "Prospect is an upscale community with easy access to major freeways and any commute in Louisville and surrounding areas. Beautifully maintained, with ample shopping and restaurants. From stately riverfront mansions and grand horse farms, upscale newer subdivisions, Prospect represents luxuriouus Kentucky living at its finest."
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Average Rent Trends in Prospect, KY

Rent in Prospect, KY varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Jun 2025$3,300
Jul 2025$3,500
Aug 2025$3,100
Sep 2025$3,200
Oct 2025$3,063
Nov 2025$2,900
Dec 2025$3,200
Jan 2026$3,125
Feb 2026$3,250
Mar 2026$2,998
Apr 2026$3,000
May 2026$3,200
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,496$1,875$3,172$4,500$3,200
Townhomes——$2,295$3,500$2,295
Apartments and Condos—$1,622$3,750—$1,850
Houses—$2,500$4,500$4,816$4,500
See more information about local market trends in Prospect, KY

Frequently Asked Questions about Rentals in Prospect, KY

  • What is the average rent of an apartment in Prospect, KY?
    The average rent of an apartment in Prospect, KY is $1,701 per month. This is about 12% lower than the national average.
  • What is the average rent of a house in Prospect, KY?
    The average rent of a house in Prospect, KY is $4,500 per month. This is about 133% higher than the national average.
  • What is the average rent of a townhome in Prospect, KY?
    The average rent of a townhome in Prospect, KY is $2,295 per month. This is about 19% higher than the national average.
  • When is the average rent cheapest in Prospect, KY?
    In the last year, the average rent in Prospect, KY was lowest in Nov 2025 when it was $2,900 per month.
  • When is the average rent most expensive in Prospect, KY?
    In the last year, the average rent in Prospect, KY was highest in Jul 2025 when it was $3,500 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Prospect, KY?
    The average rent of a 1 bedroom apartment in Prospect, KY is $1,496 per month. That is about $126 more than the cost of a studio apartment.
  • How many available rental listings are in Prospect, KY?
    There are 39 available rental listings in Prospect, KY.
  • What are some zip codes in Prospect, KY?
    Prospect, KY includes zip codes such as: 40059, 40027.
  • What are some cities near Prospect, KY?
    Some nearby cities include: River Bluff, Orchard Grass Hills, Utica, Goshen, Pewee Valley. These cities may have more rental options to explore.