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

Florence, KY

As of August 2025, Florence's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Florence's average rent is 0.2% ($3) higher than the Kentucky average of $1,337 and 25.1% ($450) lower than the U.S. average of $1,790.

Average Rent

$1,340

Monthly ChangeMonth Over Month Change

1.6% ($21)

Yearly ChangeYear Over Year Change

0.1% ($2)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,060	1.1% ($12)	7.9% ($91)
2 Beds	$1,339	0.5% ($7)	7.3% ($105)
3 Beds	$1,558	0.6% ($9)	6.3% ($105)

Nearby Cities	Average Rent	Avg. Rent vs. FlorenceAverage Rent vs. Florence	Avg. Days on MarketAverage Days on Market
Erlanger	$1,483	10.7% ($143)	33 days
Ft Mitchell	$1,358	1.3% ($18)	31 days
Burlington	$1,463	9.2% ($123)	35 days
Union	$2,558	90.9% ($1218)	31 days
Latonia	$1,010	24.6% ($330)	30 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Florence Rental Market FAQs

Explore rental prices, market trends, and availability in Florence, KY.

What is the average rent in Florence, KY?

The average rent in Florence, KY is $1,340 per month.

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

Houses in Florence typically rent for between $742 and $2,025 per month, with an average of $1,340 per month.

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

In Florence, the average rent for a 1-bedroom house is $1,060 per month, for a 2-bedroom house, $1,339 per month, and a 3-bedroom house is $1,558 per month.

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

The average rent in Florence is 25.1% ($450) lower than the national average of $1,790 per month.

How have rent prices in Florence, KY changed recently?

The average rent in Florence has increased by 1.6% ($21) in the last month and increased by 0.1% ($2) over the past year.

How competitive is the rental market in Florence, KY?

The rental market in Florence, 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 Florence, KY?

In Florence, KY, the average rental stays on the market for approximately 35 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 Florence, KY?

There are currently 9 rental properties available in Florence, KY.

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

Based on the current averages, a household would need an annual income of $53,560 to comfortably afford a 2-bedroom house in Florence.