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 May 2025, Owensboro's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Owensboro's average rent is 18.1% ($229) lower than the Kentucky average of $1,262 and 42.4% ($760) lower than the U.S. average of $1,793.

Average Rent

$1,033

Monthly ChangeMonth Over Month Change

13.6% ($124)

Yearly ChangeYear Over Year Change

0.9% ($9)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$703	0.9% ($6)	29.1% ($289)
2 Beds	$1,072	16.4% ($151)	13.8% ($172)
3 Beds	$1,222	5.3% ($61)	14.7% ($211)

Nearby Cities	Average Rent	Avg. Rent vs. OwensboroAverage Rent vs. Owensboro	Avg. Days on MarketAverage Days on Market
Rockport	$1,334	29.1% ($301)	29 days
Newburgh	$1,060	2.6% ($27)	30 days

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 $1,033 per month.

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

Houses in Owensboro typically rent for between $600 and $1,589 per month, with an average of $1,033 per month.

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

In Owensboro, the average rent for a 1-bedroom house is $703 per month, for a 2-bedroom house, $1,072 per month, and a 3-bedroom house is $1,222 per month.

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

The average rent in Owensboro is 42.4% ($760) lower than the national average of $1,793 per month.

How have rent prices in Owensboro, KY changed recently?

The average rent in Owensboro has increased by 13.6% ($124) in the last month and increased by 0.9% ($9) 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 17 rental properties available in Owensboro, KY.

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

Based on the current averages, a household would need an annual income of $42,880 to comfortably afford a 2-bedroom house in Owensboro.