Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Life in Berea & Beyond
Berea 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
Berea, KY
As of June 2026, Berea's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Berea's average rent is 10.6% ($127) lower than the Kentucky average of $1,203 and 40.1% ($721) lower than the U.S. average of $1,797.
Average Rent
$1,076
Monthly ChangeMonth Over Month Change
4.4% ($45)
Yearly ChangeYear Over Year Change
14% ($132)
Avg. Days on MarketAverage Days on Market
32
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $935 | 3% ($27) | 10.7% ($90) |
| 2 Beds | $1,121 | 4.7% ($50) | 10.9% ($110) |
| 3 Beds | $1,381 | 4% ($53) | 11.8% ($146) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Berea Rental Market FAQs
Explore rental prices, market trends, and availability in Berea, KY.
The average rent in Berea, KY is $1,076 per month.
Homes in Berea typically rent for between $655 and $1,795 per month, with an average of $1,076 per month.
In Berea, the average rent for a 1-bedroom home is $935 per month, for a 2-bedroom home, $1,121 per month, and a 3-bedroom home is $1,381 per month.
The average rent in Berea is 40.1% ($721) lower than the national average of $1,797 per month.
The average rent in Berea has increased by 4.4% ($45) in the last month and increased by 14.0% ($132) over the past year.
The rental market in Berea, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Berea, KY, the average rental stays on the market for approximately 32 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 7 rental properties available in Berea, KY.
Based on the current averages, a household would need an annual income of $44,840 to comfortably afford a 2-bedroom home in Berea.
