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RentData.org Logo Garrard County Fair Market Rent FY 2016 Garrard County, KY Rental Data

Fair Market Rent Prices in Garrard County, KY :
$468 $524 $653 $845 $938
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Garrard County are very low compared to the national average. This FMR area is less expensive than 71% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Garrard County is $653 per month.

The previous year, rent for a two-bedroom home was $582 per month. This is a 12.2% increase year-over-year.

This FMR rate applies to Bryantsville, KY, Paint Lick, KY, Crab Orchard, KY, Lancaster, KY, Berea, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21079N21079.

Additionally, This Fair Market Rent (FMR) area Garrard County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Garrard County, KY FMR area is 16,912 people based on latest Census data.

Compared to the rest of Kentucky, the Garrard County FMR area is more expensive than 58% 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 Garrard County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Garrard 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 $ 481
1-BR 1-Bedroom $ 539
2-BR 2-Bedroom $ 671
3-BR 3-Bedroom $ 868
4-BR 4-Bedroom $ 963
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 Garrard County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lexington.

County / Region Est. Population
Garrard County, KY 16,912
Zip Codes in Garrard County, KY

There are 5 unique zip codes in this Fair Market Rent (FMR) area:

40403, 40410, 40419, 40444 and 40461

Lookup Fair Market Rent by Zip Code

What's Next?

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