Rentometer, Inc. | Data as of 10/22/2025
Frankfort’s rental market offers a balanced mix of historic homes and modern apartments, catering to a broad spectrum of renters looking for convenience, community, and character. Downtown Frankfort, anchored by the impressive Kentucky State Capitol and the vibrant Riverfront Plaza, features a concentration of walk‑ready studio and one‑bedroom apartments that are often priced in the $700 to $1,000 range. These units appeal to young professionals, students from nearby Capital University, and individuals seeking a low‑maintenance lifestyle close to cultural attractions, restaurants, and public transit.
For families and those desiring more space, the city’s residential neighborhoods such as the West Kenton area and the historic Old State Road district provide an array of two‑ and three‑bedroom houses and larger apartments. Renters can typically find two‑bedroom options around the $1,200 mark, while three‑bedroom homes often sit in the $1,500‑plus bracket, reflecting the blend of spacious floor plans and proximity to schools, parks, and the Ohio River shoreline. Whether you’re drawn to the charm of refurbished Victorian homes or the convenience of contemporary condo developments, Frankfort delivers a variety of housing styles that suit diverse preferences.
Beyond the allure of its stately architecture and river views, Frankfort benefits from a strong sense of community and a growing economy driven by government, healthcare, and tourism sectors. The city’s rental market remains stable, with a range of options that cater to budget‑conscious renters and those seeking premium living experiences alike. With its welcoming atmosphere and strategic location within the heart of Kentucky, Frankfort continues to be an attractive destination for renters looking for both affordability and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $708 | $659 | $637 - $845 | $650 - $750 |
| Apartment | 1 Bedroom | $1,012 | $985 | $650 - $1,462 | $875 - $1,253 |
| Apartment | 2 Bedroom | $1,236 | $1,106 | $820 - $1,794 | $1,050 - $1,442 |
| Apartment | 3 Bedroom | $1,195 | $1,150 | $1,072 - $1,400 | $1,122 - $1,234 |
| House | 2 Bedroom | $1,244 | $1,100 | $695 - $2,400 | $1,025 - $1,395 |
| House | 3 Bedroom | $1,550 | $1,575 | $1,100 - $2,000 | $1,350 - $1,800 |
In the current period, the average rent in Frankfort was
$708 for Studio,
$980 for 1 Bedroom,
$1,248 for 2 Bedroom, and
$1,457 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.