Rent in Spencer County, KY at a glance
2-bedroom rent (HUD)
$1,272$15,264 a year · HUD fiscal year 2026From October 1, 2026: $1,276 (+0.3%)How much rent can you afford in Spencer 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 Spencer 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 | $966 | $11,592 | $38,640 | $18.58/hr |
| 1 bedroom | $1,047 | $12,564 | $41,880 | $20.13/hr |
| 2 bedroomsMost searched | $1,272 | $15,264 | $50,880 | $24.46/hr |
| 3 bedrooms | $1,625 | $19,500 | $65,000 | $31.25/hr |
| 4 bedrooms | $1,891 | $22,692 | $75,640 | $36.37/hr |
Cost of living in Spencer County, KY: income, prices and a budget →
Living and working in Spencer County, KY
Rent in Spencer County, KY: common questions
How much is rent going up in Spencer County, KY in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,276 for a two-bedroom, up 0.3% from $1,272. A one-bedroom goes from $1,047 to $1,058, a studio from $966 to $976.
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 Spencer County, KY?
HUD's Fair Market Rent for 2026 is $1,047 for a one-bedroom and $1,272 for a two-bedroom, utilities included. That is $15,264 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 Spencer County, KY?
To keep a $1,272 two-bedroom at 30% of gross pay, one full-time worker needs $24.46 an hour, or $50,880 a year. A one-bedroom at $1,047 takes $20.13 an hour.
How much is a 1, 2 or 3-bedroom apartment in Spencer County, KY?
At HUD's 2026 Fair Market Rent: studio $966, one bedroom $1,047, two $1,272, three $1,625 and four $1,891 a month.
Is rent affordable in Spencer County, KY?
For the typical household, earning $102,618 a year ($8,552 a month, Census ACS), a two-bedroom at $1,272 takes 14.9% 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: ($1,272 × 12) ÷ 0.30 = $50,880. Divided by 2,080 working hours, that is $24.46 an hour.