Frankfort, KY Micro Area Rent Report
Apartments & Houses by Size

Rentometer, Inc. | Data as of 10/23/2025

Frankfort, Kentucky, blends small‑city charm with the gravitas of a state capital, offering residents a unique mix of historic architecture, riverfront parks, and a vibrant downtown corridor. The city’s compact layout makes the Old State Capitol, the Kentucky Renaissance Museum, and the scenic Frankfort Riverfront Trail easily accessible, while neighborhoods such as the Historic Old Orchard and South Frankfort provide a pleasant residential backdrop. With a growing workforce tied to government, education, and healthcare, Frankfort continues to attract renters looking for a welcoming community and convenient amenities.

The rental market in Frankfort’s metro area features a balanced selection of apartments and single‑family homes, catering to a wide range of lifestyle needs. Studio apartments are available in the $700s, while one‑bedroom units typically fall within the $950 to $1,000 range. Two‑bedroom apartments average around $1,100, and larger three‑bedroom layouts approach $1,250, offering options for families and professionals alike. For those seeking more space, two‑bedroom houses average near $1,400, three‑bedroom homes sit around $1,800, and larger four‑plus bedroom houses command prices in the $2,100 range, reflecting the value of spacious living in a city with easy commutes and quality schools.

Beyond the numbers, Frankfort’s rental community enjoys proximity to cultural attractions, a thriving local dining scene, and outdoor recreation along the Kentucky River. Easy access to Interstate 64 and the Bluegrass Parkway makes commuting to nearby Lexington or Louisville straightforward, while the city’s commitment to historic preservation ensures that new rentals often blend modern comforts with classic architectural details. Whether you’re a young professional, a growing family, or a retiree seeking a tranquil yet connected lifestyle, Frankfort’s rental offerings provide a compelling mix of affordability, convenience, and small‑town hospitality.

Frankfort, KY Rent by Property Type & Bedroom Count

Property Type Bedrooms Average Median Min - Max 25th - 75th
Apartment Studio $736 $704 $637 - $875 $650 - $845
Apartment 1 Bedroom $953 $965 $565 - $1,462 $700 - $1,025
Apartment 2 Bedroom $1,135 $1,060 $565 - $1,794 $925 - $1,295
Apartment 3 Bedroom $1,245 $1,192 $1,072 - $1,495 $1,122 - $1,400
House 2 Bedroom $1,438 $1,150 $695 - $3,500 $1,025 - $1,800
House 3 Bedroom $1,886 $1,800 $1,100 - $3,500 $1,450 - $2,350
House 4+ Bedroom $2,100 $2,000 $1,500 - $2,800 $1,500 - $2,800

In the current period, the average rent in Frankfort, KY was $736 for Studio, $933 for 1 Bedroom, $1,255 for 2 Bedroom, $1,766 for 3 Bedroom, and $1,750 for 4+ Bedroom.

Frankfort, KY

Rentometer subscribers can see individual property locations on the map in addition to the heatmap. Click here to Subscribe

Data provided by Rentometer, Inc.