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City Report · KY

Cold Spring

Pop. 6,341·8th most expensive in Kentucky·Rental market data updated monthly for Cold Spring, KY
Median rent (all units)
$1,637/mo
Year-over-Year
Stable
Month-over-Month
+7.9%
vs US Median
-$325
Rising (Monthly)
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Most AffordableMost Expensive
Cold Spring · $1,637
More affordable than 66% of US cities · National median $1,962/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,637/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$65,000/yr
Local median income
$75,000/yr
Based on the 30%-of-income rule using Cold Spring's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$1,030
2 BR
$1,330
3 BR
$1,760
4 BR+
$1,950
Fair Market Rent (HUD)
$1,330/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,637 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,644/yr
At $1,637/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +7.9% MoM), not inventory.
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Demographics

Who lives here

Cold Spring, KY is majority owner-occupied, has a large retiree population, 42.6% of residents hold a bachelor's degree or higher.

Population
6,341
Median income
$75,000
Median age
52
Renters
10.9%
Age distribution
15.8%
14.5%
22.6%
16.9%
30.3%
Under 1815.8%
18–3414.5%
35–5422.6%
55–6416.9%
65+30.3%
Gender
44.9%
55.1%
Male44.9%
Female55.1%
Race & ethnicity
94.5%
White94.5%
Black2.2%
Hispanic1.1%
Asian0.9%
Other1.4%
Education (25+)
25.1%
28.1%
42.6%
No HS diploma4.2%
HS diploma25.1%
Some college28.1%
Bachelor's+42.6%
Housing tenure
89.1%
Owner89.1%
Renter10.9%

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

2021 vs 2026

How Cold Spring, KY has changed in 5 years

Income
$73,732 → $75,000
up 1.7%
Population
6,208 → 6,341
up 2.1%
Renter share
12.3% → 10.9%
-1.4 pts
Bachelor's+
44% → 42.6%
-1.4 pts
Median age
50.7 → 52
+1.3 yrs

Median household income grew from $73,732 to $75,000 between 2021 and 2024, a 1.7% shift. Headcount in the area went from 6,208 to 6,341 between 2021 and 2024, a 2.1% change.

Community

Discussions about Cold Spring

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View Cold Spring rent history (2015–2026) →
Salary vs rent

Can you afford rent in Cold Spring on your salary?

At $1,637/mo, how Cold Spring rent compares to typical pay (30% rule).

By apartment size

Cold Spring rent by bedroom count

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

Local insights

Tips for renters in Cold Spring

About renting in Cold Spring, KY

Last updated: July 20, 2026

The median rent in Cold Spring is $1,637/mo as of July 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,330/mo. One-bedroom apartments average $1,030/mo and 3-bedroom units go for $1,760/mo.

At 26% of local median household income ($75,000/yr), Cold Spring ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Cold Spring an affordable city for renters?

Cold Spring is considered affordable for renters. At $1,637/mo, rent takes approximately 26% of the local median household income ($75,000/yr). The standard benchmark is 30%. Cold Spring falls comfortably within that range.

How much income do you need to rent in Cold Spring?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,637/mo in Cold Spring. The local median household income is $75,000/yr, meaning the typical Cold Spring household meets that threshold.

Is rent going up or down in Cold Spring?

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

How does Cold Spring rent compare to other cities in Kentucky?

Cold Spring is one of the pricier cities in Kentucky for rent, ranking #8 out of 39 tracked cities at $1,637/mo.

Which nearby cities are cheaper to rent in than Cold Spring?

Several nearby cities have lower median rents than Cold Spring ($1,637/mo): Fort Thomas ($1,386/mo), Southgate ($1,447/mo), Fort Wright ($1,577/mo).

What percentage of Cold Spring residents rent vs. own?

According to Census data, approximately 10.9% of Cold Spring households are renters, while 89.1% are owner-occupied. Cold Spring leans toward homeownership, which can mean a smaller rental inventory.

How does Cold Spring rent compare to the national average?

Cold Spring's median rent of $1,637/mo is $325 (17%) below the US national median of $1,962/mo. Within Kentucky, it ranks #8 out of 39 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,637/mo, rent takes ~26% of Cold Spring's median household income ($75,000/yr). The standard benchmark is 30%.

Cold Spring 26%Benchmark 30%
State income tax4%
Run the Cold Spring affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Cold Spring, KY

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