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City Report · KY

Alexandria

Pop. 10,562·17th most expensive in Kentucky·Rental market data updated monthly for Alexandria, KY
Median rent (all units)
$1,488/mo
Year-over-Year
Stable
Month-over-Month
-10.6%
vs US Median
-$477
Falling (Monthly)
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Most AffordableMost Expensive
Alexandria · $1,488
More affordable than 76% of US cities · National median $1,965/mo
Affordability
17% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,488/mo, rent takes about 17% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$60,000/yr
Local median income
$102,239/yr
Based on the 30%-of-income rule using Alexandria's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$880
1 BR
$990
2 BR
$1,280
3 BR
$1,700
4 BR+
$1,880
Research median
$1,280/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,856/yr
At $1,488/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -10.6% MoM), not inventory.
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Demographics

Who lives here

Alexandria, KY is majority owner-occupied, has a median income above the national average, 35.3% of residents hold a bachelor's degree or higher.

Population
10,562
Median income
$102,239
Median age
37.9
Renters
8.3%
Age distribution
24.8%
21.4%
25.2%
17.1%
Under 1824.8%
18–3421.4%
35–5425.2%
55–6411.6%
65+17.1%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
91.4%
White91.4%
Black2.5%
Hispanic1.1%
Asian2.6%
Other2.4%
Education (25+)
30.9%
29.1%
35.3%
No HS diploma4.7%
HS diploma30.9%
Some college29.1%
Bachelor's+35.3%
Housing tenure
91.7%
Owner91.7%
Renter8.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Alexandria, KY has changed in 5 years

Income
$88,777 → $102,239
up 15.2%
Population
10,125 → 10,562
up 4.3%
Renter share
14.5% → 8.3%
-6.2 pts
Bachelor's+
31.1% → 35.3%
+4.2 pts
Median age
37.3 → 37.9
+0.6 yrs

On the earnings side, the typical household in Alexandria, KY now reports about $102,239, up from $88,777 in 2021. Headcount in the area went from 10,125 to 10,562 between 2021 and 2024, a 4.3% change. About 8.3% of households rent today, against 14.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.1% to 35.3%.

Community

Discussions about Alexandria

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View Alexandria rent history (2015–2026) →
Salary vs rent

Can you afford rent in Alexandria on your salary?

At $1,488/mo, how Alexandria rent compares to typical pay (30% rule).

By apartment size

Alexandria rent by bedroom count

Median rent for each apartment size in Alexandria. Click any size for full breakdown.

Local insights

Tips for renters in Alexandria

About renting in Alexandria, KY

Last updated: July 20, 2026

The median rent in Alexandria is $1,488/mo as of July 2026. A studio apartment averages $880/mo while a 2-bedroom runs $1,280/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,700/mo.

At 17% of local median household income ($102,239/yr), Alexandria ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Alexandria an affordable city for renters?

Alexandria is considered very affordable for renters. At $1,488/mo, rent takes approximately 17% of the local median household income ($102,239/yr). The standard benchmark is 30%. Alexandria falls comfortably within that range.

How much income do you need to rent in Alexandria?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,488/mo in Alexandria. The local median household income is $102,239/yr, meaning the typical Alexandria household meets that threshold.

Is rent going up or down in Alexandria?

Rent in Alexandria has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Alexandria rent compare to other cities in Kentucky?

Alexandria is middle-of-the-pack for Kentucky for rent, ranking #17 out of 39 tracked cities at $1,488/mo.

Which nearby cities are cheaper to rent in than Alexandria?

Several nearby cities have lower median rents than Alexandria ($1,488/mo): Fort Thomas ($1,402/mo), Southgate ($1,447/mo).

What percentage of Alexandria residents rent vs. own?

According to Census data, approximately 8.3% of Alexandria households are renters, while 91.7% are owner-occupied. Alexandria leans toward homeownership, which can mean a smaller rental inventory.

How does Alexandria rent compare to the national average?

Alexandria's median rent of $1,488/mo is $477 (24%) below the US national median of $1,965/mo. Within Kentucky, it ranks #17 out of 39 tracked cities.
Income Affordability
17%
VERY AFFORDABLE

At $1,488/mo, rent takes ~17% of Alexandria's median household income ($102,239/yr). The standard benchmark is 30%.

Alexandria 17%Benchmark 30%
State income tax4%
Run the Alexandria affordability calculator →
Lowest-rent ZIP codes in Alexandria
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Alexandria, KY

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