City Report · KY

Elizabethtown

Pop. 32,576·22nd most expensive in Kentucky·One of the most affordable rental markets in the US
Median rent (all units)
$1,327/mo
Year-over-Year
+1.8%
Month-over-Month
-3.4%
vs US Median
-$638
Falling (Monthly)
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Most AffordableMost Expensive
Elizabethtown · $1,327
More affordable than 86% of US cities · National median $1,965/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,327/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$53,000/yr
Local median income
$60,760/yr
Based on the 30%-of-income rule using Elizabethtown's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$910
2 BR
$1,140
3 BR
$1,600
4 BR+
$1,910
Research median
$1,140/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
$15,924/yr
At $1,327/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.8% YoY, -3.4% MoM), not inventory.
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Demographics

Who lives here

Elizabethtown, KY is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 28.3% of residents hold a bachelor's degree or higher.

Population
32,576
Median income
$60,760
Median age
35.7
Renters
50.7%
Age distribution
25.3%
23.2%
25.3%
14.9%
Under 1825.3%
18–3423.2%
35–5425.3%
55–6411.2%
65+14.9%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
75.4%
White75.4%
Black11.5%
Hispanic5.6%
Asian3.1%
Other4.4%
Education (25+)
27.7%
38.1%
28.3%
No HS diploma6%
HS diploma27.7%
Some college38.1%
Bachelor's+28.3%
Housing tenure
49.3%
50.7%
Owner49.3%
Renter50.7%

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

2023 vs 2026

How Elizabethtown, KY has changed in 5 years

Rent
$1,259 → $1,327
up 5.4%
Income
$51,875 → $60,760
up 17.1%
Population
31,066 → 32,576
up 4.9%
Renter share
52.9% → 50.7%
-2.2 pts
Bachelor's+
26.9% → 28.3%
+1.4 pts
Median age
36.5 → 35.7
-0.8 yrs

Since 2023, the typical rent in Elizabethtown, KY has climbed from $1,259 to $1,327, a 5.4% change over five years. Local incomes tracked alongside that move, going from a median of $51,875 in 2021 to $60,760 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 4.9% since 2021, moving from about 31,066 residents to roughly 32,576. Renters now make up 50.7% of households, compared with 52.9% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Elizabethtown, KY market of 2023.

Community

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

Can you afford rent in Elizabethtown on your salary?

At $1,327/mo, how Elizabethtown rent compares to typical pay (30% rule).

By apartment size

Elizabethtown rent by bedroom count

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

Local insights

Tips for renters in Elizabethtown

About renting in Elizabethtown, KY

Last updated: July 20, 2026

The median rent in Elizabethtown is $1,327/mo as of July 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,140/mo. One-bedroom apartments average $910/mo and 3-bedroom units go for $1,600/mo.

At 26% of local median household income ($60,760/yr), Elizabethtown ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

Is Elizabethtown an affordable city for renters?

Elizabethtown is considered affordable for renters. At $1,327/mo, rent takes approximately 26% of the local median household income ($60,760/yr). The standard benchmark is 30%. Elizabethtown falls comfortably within that range.

How much income do you need to rent in Elizabethtown?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,327/mo in Elizabethtown. The local median household income is $60,760/yr, meaning the typical Elizabethtown household meets that threshold.

Is rent going up or down in Elizabethtown?

Rent in Elizabethtown has increased 1.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Elizabethtown rent compare to other cities in Kentucky?

Elizabethtown is middle-of-the-pack for Kentucky for rent, ranking #22 out of 39 tracked cities at $1,327/mo.

Which nearby cities are cheaper to rent in than Elizabethtown?

Several nearby cities have lower median rents than Elizabethtown ($1,327/mo): Radcliff ($1,055/mo), Bardstown ($1,075/mo).

What percentage of Elizabethtown residents rent vs. own?

According to Census data, approximately 50.7% of Elizabethtown households are renters, while 49.3% are owner-occupied. With a majority renter population, Elizabethtown has a strong rental market.

How does Elizabethtown rent compare to the national average?

Elizabethtown's median rent of $1,327/mo is $638 (32%) below the US national median of $1,965/mo. Within Kentucky, it ranks #22 out of 39 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,327/mo, rent takes ~26% of Elizabethtown's median household income ($60,760/yr). The standard benchmark is 30%.

Elizabethtown 26%Benchmark 30%
State income tax4%
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Neighborhoods

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Schools nearby

Public schools near Elizabethtown, KY

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