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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Smiths Grove & Beyond
Smiths Grove shares many of the great qualities that make Kentucky a desirable place to live.
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
Smiths Grove, KY
As of June 2026, Smiths Grove's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Smiths Grove's average rent is 8.6% ($103) lower than the Kentucky average of $1,203 and 38.8% ($697) lower than the U.S. average of $1,797.
Average Rent
$1,100
Monthly ChangeMonth Over Month Change
10.8% ($107)
Yearly ChangeYear Over Year Change
1.8% ($20)
Avg. Days on MarketAverage Days on Market
38
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $895 | 2.4% ($22) | 0.8% ($7) |
| 2 Beds | $1,060 | 2.4% ($26) | 6.4% ($72) |
| 3 Beds | $1,306 | 3% ($40) | 5.6% ($77) |
| Nearby Cities | Average Rent | Avg. Rent vs. Smiths GroveAverage Rent vs. Smiths Grove | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Glasgow | $903 | 17.9% ($197) | 37 days |
| Brownsville | $1,096 | 0.4% ($4) | 33 days |
| Bowling Green | $990 | 10% ($110) | 37 days |
| Scottsville | $1,218 | 10.7% ($118) | 30 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Smiths Grove Rental Market FAQs
Explore rental prices, market trends, and availability in Smiths Grove, KY.
The average rent in Smiths Grove, KY is $1,100 per month.
Houses in Smiths Grove typically rent for between $627 and $1,698 per month, with an average of $1,100 per month.
In Smiths Grove, the average rent for a 1-bedroom house is $895 per month, for a 2-bedroom house, $1,060 per month, and a 3-bedroom house is $1,306 per month.
The average rent in Smiths Grove is 38.8% ($697) lower than the national average of $1,797 per month.
The average rent in Smiths Grove has increased by 10.8% ($107) in the last month and decreased by 1.8% ($20) over the past year.
The rental market in Smiths Grove, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Smiths Grove, KY, the average rental stays on the market for approximately 38 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 3 rental properties available in Smiths Grove, KY.
Based on the current averages, a household would need an annual income of $42,400 to comfortably afford a 2-bedroom house in Smiths Grove.
