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 August 2025, Murray's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Murray's average rent is 32.5% ($435) lower than the Kentucky average of $1,337 and 49.6% ($888) lower than the U.S. average of $1,790.

Average Rent

$902

Monthly ChangeMonth Over Month Change

7.4% ($62)

Yearly ChangeYear Over Year Change

1% ($9)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$831	14.9% ($108)	6.1% ($48)
2 Beds	$992	17.1% ($145)	1% ($10)
3 Beds	$1,185	16.7% ($170)	4.8% ($54)

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.

What is the average rent in Murray, KY?

The average rent in Murray, KY is $902 per month.

What is the rental price range for apartments in Murray, KY?

Apartments in Murray typically rent for between $600 and $1,541 per month, with an average of $902 per month.

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

In Murray, the average rent for a 1-bedroom apartment is $831 per month, for a 2-bedroom apartment, $992 per month, and a 3-bedroom apartment is $1,185 per month.

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

The average rent in Murray is 49.6% ($888) lower than the national average of $1,790 per month.

How have rent prices in Murray, KY changed recently?

The average rent in Murray has increased by 7.4% ($62) in the last month and decreased by 1.0% ($9) over the past year.

How competitive is the rental market in Murray, KY?

The rental market in Murray, 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 Murray, KY?

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.

How many rental properties are available in Murray, KY?

There are currently 9 rental properties available in Murray, KY.

Can I afford to rent an apartment in Murray, KY?

Based on the current averages, a household would need an annual income of $39,680 to comfortably afford a 2-bedroom apartment in Murray.