Rent in Madison County, KY at a glance
2-bedroom rent (HUD)
$904$10,848 a year · HUD fiscal year 2026From October 1, 2026: $993 (+9.8%)How much rent can you afford in Madison 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 Madison 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 | $666 | $7,992 | $26,640 | $12.81/hr |
| 1 bedroom | $785 | $9,420 | $31,400 | $15.10/hr |
| 2 bedroomsMost searched | $904 | $10,848 | $36,160 | $17.38/hr |
| 3 bedrooms | $1,257 | $15,084 | $50,280 | $24.17/hr |
| 4 bedrooms | $1,416 | $16,992 | $56,640 | $27.23/hr |
Cost of living in Madison County, KY: income, prices and a budget →
Living and working in Madison County, KY
Rent in Madison County, KY: common questions
How much is rent going up in Madison County, KY in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $993 for a two-bedroom, up 9.8% from $904. A one-bedroom goes from $785 to $859, a studio from $666 to $691.
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 Madison County, KY?
HUD's Fair Market Rent for 2026 is $785 for a one-bedroom and $904 for a two-bedroom, utilities included. That is $10,848 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 Madison County, KY?
To keep a $904 two-bedroom at 30% of gross pay, one full-time worker needs $17.38 an hour, or $36,160 a year. A one-bedroom at $785 takes $15.10 an hour.
How much is a 1, 2 or 3-bedroom apartment in Madison County, KY?
At HUD's 2026 Fair Market Rent: studio $666, one bedroom $785, two $904, three $1,257 and four $1,416 a month.
Is rent affordable in Madison County, KY?
For the typical household, earning $63,351 a year ($5,279 a month, Census ACS), a two-bedroom at $904 takes 17.1% 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: ($904 × 12) ÷ 0.30 = $36,160. Divided by 2,080 working hours, that is $17.38 an hour.