Apartments for Rent in Madison County, KY

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What to Know About

Life in Madison County & Beyond

Madison County 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

Madison County, KY

As of August 2025, Madison County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Madison County's average rent is 24.4% ($326) lower than the Kentucky average of $1,337 and 43.5% ($779) lower than the U.S. average of $1,790.

Average Rent
$1,011
Monthly ChangeMonth Over Month Change
Decreased3.3% ($34)
Yearly ChangeYear Over Year Change
Increased8.6% ($80)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $796 Increased1.3% ($10) Increased8.9% ($65)
2 Beds $1,022 No change Increased4.2% ($41)
3 Beds $1,370 Decreased3.4% ($48) Decreased7.5% ($111)
Cities within Madison County Average Rent Avg. Rent vs. MadisonAverage Rent vs. Madison County Avg. Days on MarketAverage Days on Market
Richmond $1,033 Increased2.2% ($22) 37 days
Berea $937 Decreased7.3% ($74) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Madison County Rental Market FAQs

Explore rental prices, market trends, and availability in Madison County, KY.

The average rent in Madison County, KY is $1,011 per month.
Apartments in Madison County typically rent for between $600 and $1,781 per month, with an average of $1,011 per month.
In Madison County, the average rent for a 1-bedroom apartment is $796 per month, for a 2-bedroom apartment, $1,022 per month, and a 3-bedroom apartment is $1,370 per month.
The average rent in Madison County is 43.5% ($779) lower than the national average of $1,790 per month.
The average rent in Madison County has decreased by 3.3% ($34) in the last month and increased by 8.6% ($80) over the past year.
The rental market in Madison County, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Madison County, KY, the average rental stays on the market for approximately 33 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 31 rental properties available in Madison County, KY.
Based on the current averages, a household would need an annual income of $40,880 to comfortably afford a 2-bedroom apartment in Madison County.
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