Cheap Apartments for Rent in Prospect, KY

22 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 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 $1,736 per month. This is about 10% 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 $4,650 per month. This is about 141% 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 $1,700 per month. This is about 12% lower 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 $1,597 per month. That is about $206 more than the cost of a studio apartment.
  • How many available rental listings are in Prospect, KY?
    There are 28 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.