Kentucky · HUD FY2026 Fair Market Rents · Updated

Rent in Lee County, KY

HUD puts rent for a two-bedroom in Lee County, KY at $939 a month for 2026, and a one-bedroom at $740. Keeping the two-bedroom under 30% of income takes $18.06 an hour full time, or $37,560 a year. The typical household there would spend 30% of its income on it. HUD's 2027 figure, which takes effect October 1, 2026, is $996 (up 6.1%).

Rent in Lee County, KY at a glance

2-bedroom rent (HUD)

$939$11,268 a year · HUD fiscal year 2026From October 1, 2026: $996 (+6.1%)
Studio$671$13/hr needed
1 bedroom$740$14/hr needed
Wage a 2-bedroom takes$18.06an hour, 40 hours a week
3 bedrooms$1,126$22/hr needed

How much rent can you afford in Lee County, KY?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$939Monthly market rent
Share of gross income30%Recommended max: 30%
Annual income needed$37,560To meet the 30% standard
Max affordable rent$939At 30% of $37,568
0%30% (Affordability standard)100%
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Rent in Lee 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.

HUD Fair Market Rent in Lee County, KY, fiscal 2026, and the income each needs
SizeA monthA yearIncome neededHourly wage needed
Studio$671$8,052$26,840$12.90/hr
1 bedroom$740$8,880$29,600$14.23/hr
2 bedroomsMost searched$939$11,268$37,560$18.06/hr
3 bedrooms$1,126$13,512$45,040$21.65/hr
4 bedrooms$1,311$15,732$52,440$25.21/hr

Cost of living in Lee County, KY: income, prices and a budget →

Rent in Lee County, KY: common questions

How much is rent going up in Lee County, KY in 2027?

HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $996 for a two-bedroom, up 6.1% from $939. A one-bedroom goes from $740 to $794, a studio from $671 to $712.

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 Lee County, KY?

HUD's Fair Market Rent for 2026 is $740 for a one-bedroom and $939 for a two-bedroom, utilities included. That is $11,268 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 Lee County, KY?

To keep a $939 two-bedroom at 30% of gross pay, one full-time worker needs $18.06 an hour, or $37,560 a year. A one-bedroom at $740 takes $14.23 an hour.

How much is a 1, 2 or 3-bedroom apartment in Lee County, KY?

At HUD's 2026 Fair Market Rent: studio $671, one bedroom $740, two $939, three $1,126 and four $1,311 a month.

Is rent affordable in Lee County, KY?

For the typical household, earning $37,568 a year ($3,131 a month, Census ACS), a two-bedroom at $939 takes 30% 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: ($939 × 12) ÷ 0.30 = $37,560. Divided by 2,080 working hours, that is $18.06 an hour.