Rent in Franklin County, KY at a glance
2-bedroom rent (HUD)
$1,083$12,996 a year · HUD fiscal year 2026From October 1, 2026: $1,145 (+5.7%)How much rent can you afford in Franklin County, KY?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Franklin County, KY by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $747 | $8,964 | $29,880 | $14.37/hr |
| 1 bedroom | $859 | $10,308 | $34,360 | $16.52/hr |
| 2 bedroomsMost searched | $1,083 | $12,996 | $43,320 | $20.83/hr |
| 3 bedrooms | $1,410 | $16,920 | $56,400 | $27.12/hr |
| 4 bedrooms | $1,680 | $20,160 | $67,200 | $32.31/hr |
Cost of living in Franklin County, KY: income, prices and a budget →
Living and working in Franklin County, KY
Rent in Franklin County, KY: common questions
How much is rent going up in Franklin County, KY in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,145 for a two-bedroom, up 5.7% from $1,083. A one-bedroom goes from $859 to $909, a studio from $747 to $797.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Franklin County, KY?
HUD's Fair Market Rent for 2026 is $859 for a one-bedroom and $1,083 for a two-bedroom, utilities included. That is $12,996 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Franklin County, KY?
To keep a $1,083 two-bedroom at 30% of gross pay, one full-time worker needs $20.83 an hour, or $43,320 a year. A one-bedroom at $859 takes $16.52 an hour.
How much is a 1, 2 or 3-bedroom apartment in Franklin County, KY?
At HUD's 2026 Fair Market Rent: studio $747, one bedroom $859, two $1,083, three $1,410 and four $1,680 a month.
Is rent affordable in Franklin County, KY?
For the typical household, earning $65,298 a year ($5,442 a month, Census ACS), a two-bedroom at $1,083 takes 19.9% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,083 × 12) ÷ 0.30 = $43,320. Divided by 2,080 working hours, that is $20.83 an hour.