Rentometer, Inc. | Data as of 10/22/2025
Owensboro, Kentucky offers a welcoming rental market that balances historic charm with modern convenience. The city’s vibrant downtown, nestled along the Kentucky River, provides easy access to cultural attractions such as the RiverPark Center, the Owensboro Museum of Fine Art, and a variety of riverfront dining and entertainment venues. Residents also enjoy proximity to Western Kentucky University’s satellite campus and the lively arts district, making the area attractive to young professionals, families, and retirees alike.
Rental options in Owensboro span from cozy single‑family houses to well‑maintained apartment communities. One‑bedroom apartments typically fall in the $720 range, while two‑bedroom units are commonly found in the $900 range, and larger three‑bedroom apartments approach the $1,300 range. For those preferring a house, one‑bedroom homes average around $540, two‑bedroom homes near $1,080, and spacious three‑bedroom houses trend toward the $1,500 range, with four‑plus bedroom properties reaching the $1,900 range. These varied price points reflect a market that accommodates a broad spectrum of budgets without sacrificing quality or location.
The city’s neighborhoods each offer distinct lifestyles. Historic districts feature charming bungalows and easy walking access to boutique shops, while newer developments near the Owensboro Health Regional Hospital provide contemporary amenities and family‑friendly parks. With strong community ties, excellent schools, and a growing downtown revitalization effort, Owensboro remains a desirable destination for renters seeking an affordable yet vibrant Kentucky lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $724 | $745 | $550 - $875 | $675 - $803 |
| Apartment | 2 Bedroom | $898 | $913 | $750 - $1,155 | $800 - $975 |
| Apartment | 3 Bedroom | $1,308 | $1,330 | $1,200 - $1,395 | $1,200 - $1,395 |
| House | 1 Bedroom | $543 | $587 | $350 - $650 | $550 - $650 |
| House | 2 Bedroom | $1,087 | $962 | $750 - $1,750 | $925 - $1,275 |
| House | 3 Bedroom | $1,509 | $1,500 | $1,100 - $2,500 | $1,400 - $1,600 |
| House | 4+ Bedroom | $1,953 | $1,997 | $1,300 - $2,935 | $1,600 - $2,200 |
In the current period, the average rent in Owensboro was
$664 for 1 Bedroom,
$1,009 for 2 Bedroom,
$1,499 for 3 Bedroom, and
$1,953 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.