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City Report · KY

Corbin

Pop. 8,246·39th most expensive in Kentucky·One of the most affordable rental markets in the US
Median rent (all units)
$875/mo
Year-over-Year
Stable
Month-over-Month
-19.6%
vs US Median
-$1,090
Falling (Monthly)
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Most AffordableMost Expensive
Corbin · $875
More affordable than 99% of US cities · National median $1,965/mo
Affordability
21% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $875/mo, rent takes about 21% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$35,000/yr
Local median income
$51,065/yr
Based on the 30%-of-income rule using Corbin's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$640
1 BR
$690
2 BR
$900
3 BR
$1,100
4 BR+
$1,300
Research median
$900/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
$10,500/yr
At $875/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, -19.6% MoM), not inventory.
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Demographics

Who lives here

Corbin, KY is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 25.5% of residents hold a bachelor's degree or higher.

Population
8,246
Median income
$51,065
Median age
37.6
Renters
46.5%
Age distribution
25.4%
21.1%
25.6%
19.5%
Under 1825.4%
18–3421.1%
35–5425.6%
55–648.4%
65+19.5%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
94.8%
White94.8%
Black0.9%
Hispanic1.3%
Other2.9%
Education (25+)
12.4%
39.9%
22.3%
25.5%
No HS diploma12.4%
HS diploma39.9%
Some college22.3%
Bachelor's+25.5%
Housing tenure
53.5%
46.5%
Owner53.5%
Renter46.5%

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

2021 vs 2026

How Corbin, KY has changed in 5 years

Income
$45,307 → $51,065
up 12.7%
Population
8,397 → 8,246
down 1.8%
Renter share
46.3% → 46.5%
+0.2 pts
Bachelor's+
26.6% → 25.5%
-1.1 pts

On the earnings side, the typical household in Corbin, KY now reports about $51,065, up from $45,307 in 2021. The population has contracted by 1.8% since 2021, moving from about 8,397 residents to roughly 8,246.

Community

Discussions about Corbin

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

Can you afford rent in Corbin on your salary?

At $875/mo, how Corbin rent compares to typical pay (30% rule).

By apartment size

Corbin rent by bedroom count

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

Local insights

Tips for renters in Corbin

About renting in Corbin, KY

Last updated: July 20, 2026

The median rent in Corbin is $875/mo as of July 2026. A studio apartment averages $640/mo while a 2-bedroom runs $900/mo. One-bedroom apartments average $690/mo and 3-bedroom units go for $1,100/mo.

At 21% of local median household income ($51,065/yr), Corbin ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Corbin an affordable city for renters?

Corbin is considered very affordable for renters. At $875/mo, rent takes approximately 21% of the local median household income ($51,065/yr). The standard benchmark is 30%. Corbin falls comfortably within that range.

How much income do you need to rent in Corbin?

To keep rent at or below 30% of gross income, you would need to earn at least $35,000/year (~$17/hour full-time) to afford the median rent of $875/mo in Corbin. The local median household income is $51,065/yr, meaning the typical Corbin household meets that threshold.

Is rent going up or down in Corbin?

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

How does Corbin rent compare to other cities in Kentucky?

Corbin is one of the more affordable cities in Kentucky for rent, ranking #39 out of 39 tracked cities at $875/mo.

What percentage of Corbin residents rent vs. own?

According to Census data, approximately 46.5% of Corbin households are renters, while 53.5% are owner-occupied. Corbin leans toward homeownership, which can mean a smaller rental inventory.

How does Corbin rent compare to the national average?

Corbin's median rent of $875/mo is $1,090 (55%) below the US national median of $1,965/mo. Within Kentucky, it ranks #39 out of 39 tracked cities.
Income Affordability
21%
VERY AFFORDABLE

At $875/mo, rent takes ~21% of Corbin's median household income ($51,065/yr). The standard benchmark is 30%.

Corbin 21%Benchmark 30%
State income tax4%
Run the Corbin affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Corbin, KY

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