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RentData.org Logo Franklin County Fair Market Rent FY 2023 Franklin County, KY Rental Data

Fair Market Rent Prices in Franklin County, KY :
$638 $732 $909 $1,209 $1,505
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Franklin County are average compared to the national average. This FMR area is more expensive than 71% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Franklin County is $909 per month.

The previous year, rent for a two-bedroom home was $793 per month. This is a 14.63% increase year-over-year.

This FMR rate applies to Frankfort, KY, Bagdad, KY, Midway, KY, Stamping Ground, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21073N21073.

Additionally, This Fair Market Rent (FMR) area Franklin County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Franklin County, KY FMR area is 50,744 people based on latest Census data.

Compared to the rest of Kentucky, the Franklin County FMR area is more expensive than 92% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Franklin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Franklin County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 681
1-BR 1-Bedroom $ 782
2-BR 2-Bedroom $ 971
3-BR 3-Bedroom $ 1291
4-BR 4-Bedroom $ 1608
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Franklin County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Louisville and Lexington.

County / Region Est. Population
Franklin County, KY 50,744
Zip Codes in Franklin County, KY

There are 6 unique zip codes in this Fair Market Rent (FMR) area:

40003, 40347, 40379, 40602, 40604 and 40621

Lookup Fair Market Rent by Zip Code

What's Next?

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