Find Homes & Apartments for Rent in Murray, KY

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What to Know About

Life in Murray & Beyond

Murray 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

Murray, KY

As of March 2025, Murray's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Murray's average rent is 44.3% ($559) lower than the Kentucky average of $1,261 and 60.7% ($1,086) lower than the U.S. average of $1,788.

Average Rent
$702
Monthly ChangeMonth Over Month Change
Decreased1.4% ($10)
Yearly ChangeYear Over Year Change
Decreased22.8% ($207)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $638 Decreased1.1% ($7) Decreased8.5% ($59)
2 Beds $793 Decreased2% ($16) Decreased9.3% ($81)
3 Beds $960 Increased3% ($28) Decreased4.7% ($47)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Murray Rental Market FAQs

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

The average rent in Murray, KY is $702 per month.
Homes in Murray typically rent for between $600 and $1,248 per month, with an average of $702 per month.
In Murray, the average rent for a 1-bedroom home is $638 per month, for a 2-bedroom home, $793 per month, and a 3-bedroom home is $960 per month.
The average rent in Murray is 60.7% ($1,086) lower than the national average of $1,788 per month.
The average rent in Murray has decreased by 1.4% ($10) in the last month and decreased by 22.8% ($207) over the past year.
The rental market in Murray, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Murray, KY, the average rental stays on the market for approximately 36 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 12 rental properties available in Murray, KY.
Based on the current averages, a household would need an annual income of $31,720 to comfortably afford a 2-bedroom home in Murray.
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