Homes & Apartments for Rent in Owensboro, KY 42303

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What to Know About

Living in 42303

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

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As of October 2026, Owensboro's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Owensboro's average rent is 19.4% ($238) lower than the Kentucky average of $1,229 and 45.5% ($828) lower than the U.S. average of $1,819.

Average Rent
$991
Monthly ChangeMonth Over Month Change
Increased1.6% ($16)
Yearly ChangeYear Over Year Change
Increased5.5% ($52)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $798 Decreased10.7% ($96) Increased16.8% ($115)
2 Beds $1,070 Increased1.3% ($14) Increased2.6% ($27)
3 Beds $1,245 Decreased6.9% ($92) Decreased1.8% ($23)
Nearby Cities Average Rent Avg. Rent vs. OwensboroAverage Rent vs. Owensboro Avg. Days on MarketAverage Days on Market
Rockport $1,399 Increased41.2% ($408) 32 days
Newburgh $1,131 Increased14.1% ($140) 33 days
Rental market trends are calculated using listing data from RentalSource.
Property Managers

Who Has Rentals in Owensboro

4 property managers have 9 rentals available in Owensboro right now, including GL Management (4), SKY Property Management (2) and South Central Property Management (2).

Compare property managers in Owensboro
Frequently Asked Questions
Owensboro Rental Market FAQs

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

The average rent in Owensboro, KY is $991 per month.
Homes in Owensboro typically rent for between $600 and $1,619 per month, with an average of $991 per month.
In Owensboro, the average rent for a 1-bedroom home is $798 per month, for a 2-bedroom home, $1,070 per month, and a 3-bedroom home is $1,245 per month.
The average rent in Owensboro is 45.5% ($828) lower than the national average of $1,819 per month.
The average rent in Owensboro has increased by 1.6% ($16) in the last month and increased by 5.5% ($52) over the past year.
The rental market in Owensboro, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Owensboro, KY, the average rental stays on the market for approximately 34 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 23 rental properties available in Owensboro, KY.
Based on the current averages, a household would need an annual income of $42,800 to comfortably afford a 2-bedroom home in Owensboro.
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