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

London, KY

As of July 2025, London's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. London's average rent is 42.5% ($557) lower than the Kentucky average of $1,311 and 57.5% ($1,021) lower than the U.S. average of $1,775.

Average Rent

$754

Monthly ChangeMonth Over Month Change

27% ($279)

Yearly ChangeYear Over Year Change

33.7% ($383)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$746	0.5% ($4)	11.6% ($98)
2 Beds	$874	16% ($166)	17.5% ($185)
3 Beds	$1,047	17.4% ($220)	14.1% ($172)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

London Rental Market FAQs

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

What is the average rent in London, KY?

The average rent in London, KY is $754 per month.

What is the rental price range for homes in London, KY?

Homes in London typically rent for between $600 and $1,361 per month, with an average of $754 per month.

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

In London, the average rent for a 1-bedroom home is $746 per month, for a 2-bedroom home, $874 per month, and a 3-bedroom home is $1,047 per month.

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

The average rent in London is 57.5% ($1,021) lower than the national average of $1,775 per month.

How have rent prices in London, KY changed recently?

The average rent in London has decreased by 27.0% ($279) in the last month and decreased by 33.7% ($383) over the past year.

How competitive is the rental market in London, KY?

The rental market in London, 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 London, KY?

In London, KY, the average rental stays on the market for approximately 30 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 London, KY?

There are currently 2 rental properties available in London, KY.

Can I afford to rent a home in London, KY?

Based on the current averages, a household would need an annual income of $34,960 to comfortably afford a 2-bedroom home in London.