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 May 2025, Berea's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Berea's average rent is 22.8% ($288) lower than the Kentucky average of $1,262 and 45.7% ($819) lower than the U.S. average of $1,793.

Average Rent

$974

Monthly ChangeMonth Over Month Change

4.5% ($46)

Yearly ChangeYear Over Year Change

14% ($159)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$845	No change	11.8% ($89)
2 Beds	$1,011	4.6% ($49)	6.6% ($63)
3 Beds	$1,229	7.8% ($104)	18.5% ($279)

Nearby Cities	Average Rent	Avg. Rent vs. BereaAverage Rent vs. Berea	Avg. Days on MarketAverage Days on Market
Richmond	$973	0.1% ($1)	37 days
Clay City	$850	12.7% ($124)	35 days

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.

What is the average rent in Berea, KY?

The average rent in Berea, KY is $974 per month.

What is the rental price range for houses in Berea, KY?

Houses in Berea typically rent for between $600 and $1,598 per month, with an average of $974 per month.

What is the average rent for different bedroom sizes in Berea, KY?

In Berea, the average rent for a 1-bedroom house is $845 per month, for a 2-bedroom house, $1,011 per month, and a 3-bedroom house is $1,229 per month.

How do rent prices in Berea, KY compare with the national average?

The average rent in Berea is 45.7% ($819) lower than the national average of $1,793 per month.

How have rent prices in Berea, KY changed recently?

The average rent in Berea has decreased by 4.5% ($46) in the last month and decreased by 14.0% ($159) over the past year.

How competitive is the rental market in Berea, KY?

The rental market in Berea, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Berea, KY?

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.

How many rental properties are available in Berea, KY?

There are currently 4 rental properties available in Berea, KY.

Can I afford to rent a house in Berea, KY?

Based on the current averages, a household would need an annual income of $40,440 to comfortably afford a 2-bedroom house in Berea.