Frankfort, located in the heart of the bluegrass region, is a charming and historic city known for its rich history, beautiful parks, and friendly community. The city is home to excellent schools, safe neighborhoods, a strong sense of community, and several historical sites, such as the Kentucky State Capitol, the Old Governor's Mansion, and the Liberty Hall Historic Site. Transform your education with Kentucky State University, which offers diverse academic programs for all students. The city also has a thriving arts and culture scene, with venues like the Grand Theatre and the Kentucky History Center.
For those who love the great outdoors, the city has abundant natural beauty, like Capitol View Park, Juniper Hill Park, Peaks Mill Park, and Salato Wildlife Education Center. The city's food scene is diverse, with local eateries serving everything from Southern-style dishes to international cuisine. In addition, you can experience the best of Frankfort through its events, such as the Bourbonanza festival, Kentucky Book Festival, and the Candlelight Tradition.
Frankfort is a fantastic place to call home, offering a high quality of life, a range of cultural offerings, and easy access to all the beautiful state of Kentucky offers.
As of June 2026, Frankfort's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Frankfort's average rent is 25.2% ($303) lower than the Kentucky average of $1,203 and 49.9% ($897) lower than the U.S. average of $1,797.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $790 | 3.8% ($29) | 19.7% ($194) |
| 2 Beds | $927 | 1.2% ($11) | 20.6% ($241) |
| 3 Beds | $1,319 | 3.5% ($44) | 0.2% ($2) |
| Nearby Cities | Average Rent | Avg. Rent vs. FrankfortAverage Rent vs. Frankfort | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Versailles | $1,409 | 56.6% ($509) | 30 days |
| Shelbyville | $992 | 10.2% ($92) | 32 days |
| Georgetown | $1,491 | 65.7% ($591) | 36 days |
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