Homes & Apartments for Rent in Owensboro, KY

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What to Know About

Living in Owensboro, KY

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 April 2026, Owensboro's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Owensboro's average rent is 24.7% ($312) lower than the Kentucky average of $1,265 and 46.7% ($835) lower than the U.S. average of $1,788.

Average Rent
$953
Monthly ChangeMonth Over Month Change
Increased4.7% ($43)
Yearly ChangeYear Over Year Change
Increased4.8% ($44)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $864 Increased3.6% ($30) Increased24% ($167)
2 Beds $1,053 Increased3.1% ($32) Increased14.3% ($132)
3 Beds $1,306 Increased4.4% ($55) Increased12.5% ($145)
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.

The average rent in Owensboro, KY is $953 per month.
Homes in Owensboro typically rent for between $605 and $1,698 per month, with an average of $953 per month.
In Owensboro, the average rent for a 1-bedroom home is $864 per month, for a 2-bedroom home, $1,053 per month, and a 3-bedroom home is $1,306 per month.
The average rent in Owensboro is 46.7% ($835) lower than the national average of $1,788 per month.
The average rent in Owensboro has increased by 4.7% ($43) in the last month and increased by 4.8% ($44) 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 35 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 $42,120 to comfortably afford a 2-bedroom home in Owensboro.
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