2-Bedroom Apartment Rent in Frankfort, KY
Median asking rent for a 2-bedroom apartment in Frankfort, Kentucky as of August 2026. That's +14% higher than the citywide median of $1,035 and +29% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Frankfort
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Frankfort
Compare Frankfort's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Morehead | $870 |
| 2 | Franklin | $876 |
| 3 | Bardstown | $920 |
| 4 | Richmond | $950 |
| 5 | Radcliff | $1,010 |
| 6 | Lawrenceburg | $1,020 |
| 7 | Paducah | $1,050 |
| 8 | Nicholasville | $1,060 |
| 9 | Versailles | $1,060 |
| 10 | Winchester | $1,060 |
| 11 | Murray | $1,080 |
| 12 | Hopkinsville | $1,130 |
| 13 | Elizabethtown | $1,140 |
| 14 | Georgetown | $1,140 |
| 15 | Owensboro | $1,155 |
Most expensive cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Prospect | $2,000 |
| 2 | Hebron | $1,670 |
| 3 | Burlington | $1,580 |
| 4 | Independence | $1,500 |
| 5 | Florence | $1,430 |
| 6 | Louisville | $1,408 |
| 7 | La Grange | $1,370 |
| 8 | Vine Grove | $1,360 |
| 9 | Erlanger | $1,300 |
| 10 | Fort Thomas | $1,290 |
| 11 | Lexington | $1,261 |
| 12 | Fort Wright | $1,236 |
| 13 | Shepherdsville | $1,230 |
| 14 | Oak Grove | $1,200 |
| 15 | Covington | $1,200 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Frankfort.
| City | Distance | 2-Bedroom rent | vs Frankfort |
|---|---|---|---|
| Franklin, KY | 1.2 mi | $876 | $-304 (-26%) |
| Versailles, KY | 18.1 mi | $1,060 | $-120 (-10%) |
| Lawrenceburg, KY | 18.2 mi | $1,020 | $-160 (-14%) |
| Georgetown, KY | 22 mi | $1,140 | $-40 (-3%) |
| Shelbyville, KY | 23.4 mi | $1,180 | — |
| Lexington, KY | 29.8 mi | $1,261 | +$81 (+7%) |
| Nicholasville, KY | 32.6 mi | $1,060 | $-120 (-10%) |
| La Grange, KY | 39.1 mi | $1,370 | +$190 (+16%) |
| Richmond, KY | 50.4 mi | $950 | $-230 (-19%) |
| Prospect, KY | 50.7 mi | $2,000 | +$820 (+69%) |
| Bardstown, KY | 50.8 mi | $920 | $-260 (-22%) |
| Independence, KY | 53.1 mi | $1,500 | +$320 (+27%) |
2-Bedroom rent in Frankfort — common questions
How much is a 2-bedroom apartment in Frankfort?
As of August 2026, the median 2-bedroom apartment rent in Frankfort, Kentucky is $1,180 per month. This is +14% higher than the citywide median of $1,035.
What income do you need to afford a 2-bedroom in Frankfort?
Using the standard 30% rent-to-income rule, you would need an annual income of about $47,200 ($3,933/month gross), which works out to roughly $22.69/hour at a full-time job.
Is Frankfort expensive for a 2-bedroom compared to the rest of the US?
Frankfort's 2-bedroom median of $1,180 is +29% below the national 2-bedroom median of $1,655. It ranks in the 18th percentile of US cities tracked.
How does Frankfort rank for 2-bedroom rent in Kentucky?
Among the 36 cities in Kentucky with 2-bedroom data, Frankfort ranks #17 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Frankfort?
Yes — nearby cities with cheaper 2-bedroom rents include Franklin ($876), Versailles ($1,060), Lawrenceburg ($1,020).