Cheap Apartments for Rent in Prospect, KY

36 rentals

Apartments For Rent Near Prospect, KY

We found 30 more apartments matching your filters just outside Prospect

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 Oct 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Nov 2025$2,900
Dec 2025$3,200
Jan 2026$3,125
Feb 2026$3,240
Mar 2026$2,998
Apr 2026$3,000
May 2026$3,200
Jun 2026$3,250
Jul 2026$3,200
Aug 2026$2,500
Sep 2026$2,008
Oct 2026$2,639
View as a graph

Average Rent By Bedroom and Home Type

In October 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$1,450$1,735$3,150$3,000$2,500
Townhomes—$3,200$2,500—$2,500
Apartments and Condos$1,450$1,750$3,150$3,100$1,775
Houses—$2,210$3,975$3,000$3,000
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 $1,615 per month. This is about 16% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Prospect, KY?
    Last year, the cheapest month to find an apartment to rent was Nov 2025 when it was $2,900 per month.
  • How many cheap apartments are available in Prospect, KY?
    There are 16 apartments to rent that are cheaper than the city’s average rent of $2,500.
  • 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 $1,450 per month. That is about $32 more than the cost of a studio apartment.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en Prospect, KY - 228 Rentas | Trulia