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City Report · KY

Erlanger

Pop. 19,875·25th most expensive in Kentucky·One of the most affordable rental markets in the US
Median rent (all units)
$1,242/mo
Year-over-Year
-3.5%
Month-over-Month
-1.4%
vs US Median
-$723
Falling (Monthly)
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Most AffordableMost Expensive
Erlanger · $1,242
More affordable than 91% of US cities · National median $1,965/mo
Rent Reality Score
66/100
Good value
OverheatedFairGreat value

Rents are 8% below what Erlanger's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,242/mo
Expected by trend
$1,350/mo
The Rent Reality Score compares today's median rent to where Erlanger's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$890
1 BR
$1,000
2 BR
$1,300
3 BR
$1,720
4 BR+
$1,900
Research median
$1,300/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
$14,904/yr
At $1,242/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.5% YoY, -1.4% MoM), not inventory.
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Demographics

Who lives here

Erlanger, KY is majority owner-occupied, 32.1% of residents hold a bachelor's degree or higher.

Population
19,875
Median income
$75,840
Median age
38
Renters
30.7%
Age distribution
23.4%
22.9%
24.5%
13.4%
15.8%
Under 1823.4%
18–3422.9%
35–5424.5%
55–6413.4%
65+15.8%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
81.5%
White81.5%
Black6%
Hispanic4.8%
Asian1.3%
Other6.3%
Education (25+)
30.1%
30.7%
32.1%
No HS diploma7.1%
HS diploma30.1%
Some college30.7%
Bachelor's+32.1%
Housing tenure
69.3%
30.7%
Owner69.3%
Renter30.7%

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

2023 vs 2026

How Erlanger, KY has changed in 5 years

Rent
$1,104 → $1,242
up 12.5%
Income
$68,769 → $75,840
up 10.3%
Population
19,506 → 19,875
up 1.9%
Renter share
32.5% → 30.7%
-1.8 pts
Bachelor's+
33.3% → 32.1%
-1.2 pts
Median age
38.8 → 38
-0.8 yrs

Since 2023, the typical rent in Erlanger, KY has increased from $1,104 to $1,242, a 12.5% change over five years. Local incomes tracked alongside that move, going from a median of $68,769 in 2021 to $75,840 more recently. The population has grown by 1.9% since 2021, moving from about 19,506 residents to roughly 19,875. Renters now make up 30.7% of households, compared with 32.5% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Erlanger, KY market of 2023.

Community

Discussions about Erlanger

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

Can you afford rent in Erlanger on your salary?

At $1,242/mo, how Erlanger rent compares to typical pay (30% rule).

By apartment size

Erlanger rent by bedroom count

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

Local insights

Tips for renters in Erlanger

About renting in Erlanger, KY

Last updated: July 20, 2026

The median rent in Erlanger is $1,242/mo as of July 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,300/mo. One-bedroom apartments average $1,000/mo and 3-bedroom units go for $1,720/mo.

At 20% of local median household income ($75,840/yr), Erlanger ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.5% over the past year.

FAQ

Frequently asked questions

Is Erlanger an affordable city for renters?

Erlanger is considered very affordable for renters. At $1,242/mo, rent takes approximately 20% of the local median household income ($75,840/yr). The standard benchmark is 30%. Erlanger falls comfortably within that range.

How much income do you need to rent in Erlanger?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,242/mo in Erlanger. The local median household income is $75,840/yr, meaning the typical Erlanger household meets that threshold.

Is rent going up or down in Erlanger?

Rent in Erlanger has decreased 3.5% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Erlanger rent compare to other cities in Kentucky?

Erlanger is middle-of-the-pack for Kentucky for rent, ranking #25 out of 39 tracked cities at $1,242/mo.

What percentage of Erlanger residents rent vs. own?

According to Census data, approximately 30.7% of Erlanger households are renters, while 69.3% are owner-occupied. Erlanger leans toward homeownership, which can mean a smaller rental inventory.

How does Erlanger rent compare to the national average?

Erlanger's median rent of $1,242/mo is $723 (37%) below the US national median of $1,965/mo. Within Kentucky, it ranks #25 out of 39 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,242/mo, rent takes ~20% of Erlanger's median household income ($75,840/yr). The standard benchmark is 30%.

Erlanger 20%Benchmark 30%
State income tax4%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Erlanger, KY

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