Homes for Rent near Waddy, KY

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What to Know About

Life in Waddy & Beyond

Waddy shares many of the great qualities that make Kentucky a desirable place to live.

Kentucky, known as the "Bluegrass State" and located in the Appalachian foothills, is famous for its horse racing industry, but there's so much more to explore. Immerse yourself in Kentucky's cultural legacy with visits to the Kentucky Derby Museum and the Muhammad Ali Center, or further your education at universities like the University of Kentucky and the University of Louisville. Growing agriculture, manufacturing, and healthcare industries support Kentucky's economy, providing residents with a wide range of job opportunities.

Kentucky has a rich and diverse landscape, ranging from rolling hills to bustling cities, offering something for everyone. Take in the scenic views of the Appalachians, hit the links for a round of golf, or even attend exciting college sports games at renowned local universities. In addition, immerse yourself in famous attractions like Churchill Downs, the Kentucky Horse Park, Mammoth Cave National Park, the Kentucky Bourbon Trail, and the historic city of Lexington.

Kentucky offers a high quality of life, a strong economy, and a beautiful natural environment, making it a great place to live. The state's friendly and welcoming atmosphere will make you feel at home, and its unique blend of urban and rural living creates a unique sense of balance.

Rental Market Trends

Shelby County, KY

As of May 2025, Shelby County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Shelby County's average rent is 31.8% ($401) lower than the Kentucky average of $1,262 and 52.0% ($932) lower than the U.S. average of $1,793.

Average Rent
$861
Monthly ChangeMonth Over Month Change
Decreased51.2% ($903)
Yearly ChangeYear Over Year Change
Decreased20.9% ($228)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $860 Decreased36.3% ($491) Decreased1.4% ($12)
2 Beds $1,063 Decreased34.9% ($571) Decreased2.8% ($31)
3 Beds $1,292 Decreased37.1% ($763) Increased2.5% ($32)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Shelby County Rental Market FAQs

Explore rental prices, market trends, and availability in Shelby County, KY.

The average rent in Shelby County, KY is $861 per month.
Homes in Shelby County typically rent for between $602 and $1,680 per month, with an average of $861 per month.
In Shelby County, the average rent for a 1-bedroom home is $860 per month, for a 2-bedroom home, $1,063 per month, and a 3-bedroom home is $1,292 per month.
The average rent in Shelby County is 52% ($932) lower than the national average of $1,793 per month.
The average rent in Shelby County has decreased by 51.2% ($903) in the last month and decreased by 20.9% ($228) over the past year.
The rental market in Shelby County, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Shelby County, 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 5 rental properties available in Shelby County, KY.
Based on the current averages, a household would need an annual income of $42,520 to comfortably afford a 2-bedroom home in Shelby County.
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