Houses & Townhomes for Rent in Frankfort, KY

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What to Know About

Living in Frankfort, KY

Frankfort, located in the heart of the bluegrass region, is a charming and historic city known for its rich history, beautiful parks, and friendly community. The city is home to excellent schools, safe neighborhoods, a strong sense of community, and several historical sites, such as the Kentucky State Capitol, the Old Governor's Mansion, and the Liberty Hall Historic Site. Transform your education with Kentucky State University, which offers diverse academic programs for all students. The city also has a thriving arts and culture scene, with venues like the Grand Theatre and the Kentucky History Center.

For those who love the great outdoors, the city has abundant natural beauty, like Capitol View Park, Juniper Hill Park, Peaks Mill Park, and Salato Wildlife Education Center. The city's food scene is diverse, with local eateries serving everything from Southern-style dishes to international cuisine. In addition, you can experience the best of Frankfort through its events, such as the Bourbonanza festival, Kentucky Book Festival, and the Candlelight Tradition.

Frankfort is a fantastic place to call home, offering a high quality of life, a range of cultural offerings, and easy access to all the beautiful state of Kentucky offers.

Rental Market Trends

Frankfort, KY

As of April 2025, Frankfort's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Frankfort's average rent is 10.0% ($126) lower than the Kentucky average of $1,261 and 36.5% ($653) lower than the U.S. average of $1,788.

Average Rent
$1,135
Monthly ChangeMonth Over Month Change
Increased0.1% ($1)
Yearly ChangeYear Over Year Change
Increased22.6% ($209)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $727 Decreased10.6% ($86) Increased10.8% ($71)
2 Beds $903 Decreased1.7% ($16) Increased9.7% ($80)
3 Beds $1,416 Increased1.5% ($21) Increased49.4% ($468)
Nearby Cities Average Rent Avg. Rent vs. FrankfortAverage Rent vs. Frankfort Avg. Days on MarketAverage Days on Market
Versailles $972 Decreased14.4% ($163) 30 days
Georgetown $1,605 Increased41.4% ($470) 36 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Frankfort Rental Market FAQs

Explore rental prices, market trends, and availability in Frankfort, KY.

The average rent in Frankfort, KY is $1,135 per month.
Houses in Frankfort typically rent for between $600 and $1,841 per month, with an average of $1,135 per month.
In Frankfort, the average rent for a 1-bedroom house is $727 per month, for a 2-bedroom house, $903 per month, and a 3-bedroom house is $1,416 per month.
The average rent in Frankfort is 36.5% ($653) lower than the national average of $1,788 per month.
The average rent in Frankfort has increased by 0.1% ($1) in the last month and increased by 22.6% ($209) over the past year.
The rental market in Frankfort, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Frankfort, KY, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 11 rental properties available in Frankfort, KY.
Based on the current averages, a household would need an annual income of $36,120 to comfortably afford a 2-bedroom house in Frankfort.
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