Owensboro, known for its Southern hospitality, beautiful parks, and rich musical heritage, is located on the banks of the Ohio River. The city displays several cultural institutions and historical sites, including the Owensboro Museum of Fine Art, the International Bluegrass Music Hall of Fame, the Owensboro Symphony Orchestra, and the Riverpark Center. Owensboro is also home to Brescia University and Kentucky Wesleyan College - two esteemed establishments.

You can connect with nature and visit some of the city's most beautiful spots, such as Smothers Park, Panther Creek Park, and Audubon State Park. Owensboro also offers a range of dining experiences, from classic Southern cuisine to exotic dishes. So whether you're a food or music lover, Owensboro has an event for you. Take in the Owensboro BBQ Festival, the Owensboro Air Show, and the Big O Music Fest, showcasing the city's unique culture and history.

Owensboro is a fantastic place to call home, offering a warm and welcoming community, a relaxed pace of life, and plenty of opportunities to experience all that Western Kentucky has to offer.

Rental Market Trends

Owensboro, KY

As of August 2025, Owensboro's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Owensboro's average rent is 27.4% ($366) lower than the Kentucky average of $1,337 and 45.8% ($819) lower than the U.S. average of $1,790.

Average Rent

$971

Monthly ChangeMonth Over Month Change

1.5% ($14)

Yearly ChangeYear Over Year Change

22.6% ($283)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$899	14.5% ($114)	18.3% ($201)
2 Beds	$1,019	10.9% ($100)	27% ($377)
3 Beds	$1,218	10.6% ($117)	21.2% ($327)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Owensboro Rental Market FAQs

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

What is the average rent in Owensboro, KY?

The average rent in Owensboro, KY is $971 per month.

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

Homes in Owensboro typically rent for between $629 and $1,583 per month, with an average of $971 per month.

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

In Owensboro, the average rent for a 1-bedroom home is $899 per month, for a 2-bedroom home, $1,019 per month, and a 3-bedroom home is $1,218 per month.

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

The average rent in Owensboro is 45.8% ($819) lower than the national average of $1,790 per month.

How have rent prices in Owensboro, KY changed recently?

The average rent in Owensboro has increased by 1.5% ($14) in the last month and decreased by 22.6% ($283) over the past year.

How competitive is the rental market in Owensboro, KY?

The rental market in Owensboro, 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 Owensboro, KY?

In Owensboro, KY, the average rental stays on the market for approximately 35 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 Owensboro, KY?

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

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

Based on the current averages, a household would need an annual income of $40,760 to comfortably afford a 2-bedroom home in Owensboro.