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City Report · KY

Georgetown

Pop. 39,117·16th most expensive in Kentucky·Georgetown rents are up 7.0% over the past year
Median rent (all units)
$1,524/mo
Year-over-Year
+7.0%
Month-over-Month
-1.9%
vs US Median
-$441
Falling (Monthly)
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Most AffordableMost Expensive
Georgetown · $1,524
More affordable than 74% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,524/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$61,000/yr
Local median income
$80,088/yr
Based on the 30%-of-income rule using Georgetown's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$780
1 BR
$960
2 BR
$1,140
3 BR
$1,550
4 BR+
$1,740
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
$18,288/yr
At $1,524/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (7.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+7.0% YoY, -1.9% MoM), not inventory.
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Demographics

Who lives here

Georgetown, KY is majority owner-occupied, has a large share of families with children, 34.1% of residents hold a bachelor's degree or higher.

Population
39,117
Median income
$80,088
Median age
32.7
Renters
37.7%
Age distribution
25.6%
27.8%
25.9%
Under 1825.6%
18–3427.8%
35–5425.9%
55–649.8%
65+10.9%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
82.9%
White82.9%
Black6%
Hispanic7%
Asian0.9%
Other3.2%
Education (25+)
28.7%
31%
34.1%
No HS diploma6.2%
HS diploma28.7%
Some college31%
Bachelor's+34.1%
Housing tenure
62.3%
37.7%
Owner62.3%
Renter37.7%

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

2021 vs 2026

How Georgetown, KY has changed in 5 years

Income
$66,942 → $80,088
up 19.6%
Population
36,281 → 39,117
up 7.8%
Renter share
35.6% → 37.7%
+2.1 pts
Bachelor's+
29.1% → 34.1%
+5.0 pts

Median household income climbed from $66,942 to $80,088 between 2021 and 2024, a 19.6% shift. Census counts show Georgetown, KY adding about 2,836 residents over the five-year window, up 7.8% on net. The renter share has risen from 35.6% to 37.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 29.1% to 34.1% across the same window.

Community

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

Can you afford rent in Georgetown on your salary?

At $1,524/mo, how Georgetown rent compares to typical pay (30% rule).

By apartment size

Georgetown rent by bedroom count

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

Local insights

Tips for renters in Georgetown

About renting in Georgetown, KY

Last updated: July 20, 2026

The median rent in Georgetown is $1,524/mo as of July 2026. A studio apartment averages $780/mo while a 2-bedroom runs $1,140/mo. One-bedroom apartments average $960/mo and 3-bedroom units go for $1,550/mo.

At 23% of local median household income ($80,088/yr), Georgetown ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.0% over the past year.

FAQ

Frequently asked questions

Is Georgetown an affordable city for renters?

Georgetown is considered very affordable for renters. At $1,524/mo, rent takes approximately 23% of the local median household income ($80,088/yr). The standard benchmark is 30%. Georgetown falls comfortably within that range.

How much income do you need to rent in Georgetown?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,524/mo in Georgetown. The local median household income is $80,088/yr, meaning the typical Georgetown household meets that threshold.

Is rent going up or down in Georgetown?

Rent in Georgetown has increased 7.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Georgetown rent compare to other cities in Kentucky?

Georgetown is middle-of-the-pack for Kentucky for rent, ranking #16 out of 39 tracked cities at $1,524/mo.

Which nearby cities are cheaper to rent in than Georgetown?

Several nearby cities have lower median rents than Georgetown ($1,524/mo): Paris ($1,023/mo), Frankfort ($1,151/mo), Franklin ($1,350/mo).

What percentage of Georgetown residents rent vs. own?

According to Census data, approximately 37.7% of Georgetown households are renters, while 62.3% are owner-occupied. Georgetown leans toward homeownership, which can mean a smaller rental inventory.

How does Georgetown rent compare to the national average?

Georgetown's median rent of $1,524/mo is $441 (22%) below the US national median of $1,965/mo. Within Kentucky, it ranks #16 out of 39 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,524/mo, rent takes ~23% of Georgetown's median household income ($80,088/yr). The standard benchmark is 30%.

Georgetown 23%Benchmark 30%
State income tax4%
Run the Georgetown affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Georgetown, KY

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