Apartments for Rent in Morehead, KY

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What to Know About

Life in Morehead & Beyond

Morehead 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

Morehead, KY

As of June 2026, Morehead's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Morehead's average rent is 15.9% ($191) lower than the Kentucky average of $1,203 and 43.7% ($785) lower than the U.S. average of $1,797.

Average Rent
$1,012
Monthly ChangeMonth Over Month Change
Increased1.1% ($11)
Yearly ChangeYear Over Year Change
Increased1.2% ($12)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $850 No change Increased1.1% ($9)
2 Beds $1,011 No change Increased1.2% ($12)
3 Beds $1,300 Decreased4.6% ($63) Increased6.5% ($79)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Morehead Rental Market FAQs

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

The average rent in Morehead, KY is $1,012 per month.
Apartments in Morehead typically rent for between $600 and $1,690 per month, with an average of $1,012 per month.
In Morehead, the average rent for a 1-bedroom apartment is $850 per month, for a 2-bedroom apartment, $1,011 per month, and a 3-bedroom apartment is $1,300 per month.
The average rent in Morehead is 43.7% ($785) lower than the national average of $1,797 per month.
The average rent in Morehead has increased by 1.1% ($11) in the last month and increased by 1.2% ($12) over the past year.
The rental market in Morehead, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Morehead, 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.
There are currently 2 rental properties available in Morehead, KY.
Based on the current averages, a household would need an annual income of $40,440 to comfortably afford a 2-bedroom apartment in Morehead.
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