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Apartments for Rent in Alexandria, KY

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What to Know About

Life in Alexandria & Beyond

Alexandria 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

Alexandria, KY

As of November 2026, Alexandria's rental market is competitive, with rentals spending about 24 days on the market, faster than in Kentucky (30), and rents up 2.9% over the past year. Alexandria's average rent is 14.1% ($188) higher than the Kentucky average of $1,337 and 25.1% ($511) lower than the U.S. average of $2,036.

Average Rent
$1,525
Monthly ChangeMonth Over Month Change
Increased0.33% ($5)
Yearly ChangeYear Over Year Change
Increased2.9% ($43)
Days on Market
24
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,178 Increased0.74% ($9) Increased5.2% ($59)
2 Beds $1,486 Decreased0.06% ($1) Decreased1.1% ($17)
3 Beds $2,214 Increased0.36% ($8) Increased4.1% ($86)
Nearby Cities Average Rent Avg. Rent vs. AlexandriaAverage Rent vs. Alexandria Days on Market
Melbourne $1,359 Decreased10.9% ($166) 24 days
Latonia $1,409 Decreased7.6% ($116) 24 days
Butler $1,270 Decreased16.7% ($255) 24 days
Independence $1,595 Increased4.6% ($70) 24 days
Newport $1,793 Increased17.6% ($268) 23 days
Based on rentals advertised on RentalSource in and around Alexandria.
Frequently Asked Questions
Alexandria Rental Market FAQs

Explore rental prices, market conditions, and affordability in Alexandria, KY.

The average rent in Alexandria, KY is about $1,525 per month.
In Alexandria, the average rent is about $1,178 per month for a 1-bedroom apartment, about $1,486 for a 2-bedroom apartment and about $2,214 for a 3-bedroom apartment.
The average rent in Alexandria is 25.1% ($511) lower than the national average of $2,036 per month.
The rental market in Alexandria, KY is currently competitive, with rentals spending about 24 days on the market, faster than in Kentucky (30), and rents up 2.9% over the past year.
Based on the current averages, a household would need an annual income of about $59,400 to comfortably afford a 2-bedroom apartment in Alexandria.
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