How much does it cost to rent in Nicholasville, KY?

As of July 2026, the median monthly rent in Nicholasville, KY is $1,546. This figure is based on aggregated data from public sources and community-submitted rents.

Is Nicholasville cheaper than other Kentucky cities?

Nicholasville falls in the middle range for Kentucky, ranking #15 out of 39 cities at $1,546/mo.

When was Nicholasville rent data last updated?

Nicholasville rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · KY

Nicholasville

Name: Average Rent Prices in Nicholasville, KY
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 32,197·15th most expensive in Kentucky·Nicholasville rents are up 15.4% over the past year

Median rent (all units)

$1,546/mo

Year-over-Year

+15.4%

Month-over-Month

+3.7%

vs US Median

-$419

Rising (Monthly)

Be the first to discuss Nicholasville rents ↓

Most AffordableMost Expensive

Nicholasville · $1,546

More affordable than 73% of US cities · National median $1,965/mo

Rent Reality Score

46/100

Fairly priced

OverheatedFairGreat value

Rents are 2% above what Nicholasville's 10-year trend predicts — running hotter than its own history.

Actual rent

$1,546/mo

Expected by trend

$1,513/mo

The Rent Reality Score compares today's median rent to where Nicholasville's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$730

1 BR

$890

2 BR

$1,060

3 BR

$1,440

4 BR+

$1,630

Research median

$1,060/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

$18,552/yr

At $1,546/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 15.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+15.4% YoY, +3.7% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Nicholasville, KY is majority owner-occupied, 26.9% of residents hold a bachelor's degree or higher.

Population

32,197

Median income

$68,503

Median age

37.7

Renters

41.8%

Age distribution

25%

21.9%

26.2%

12.7%

14.1%

Under 1825%

18–3421.9%

35–5426.2%

55–6412.7%

65+14.1%

Gender

47%

53%

Male47%

Female53%

Race & ethnicity

85.4%

White85.4%

Black4.9%

Hispanic5.6%

Asian2.2%

Other1.8%

Education (25+)

34.1%

27.8%

26.9%

No HS diploma11.2%

HS diploma34.1%

Some college27.8%

Bachelor's+26.9%

Housing tenure

58.2%

41.8%

Owner58.2%

Renter41.8%

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

2021 vs 2026

How Nicholasville, KY has changed in 5 years

Rent

$942 → $1,546

up 64.1%

Income

$56,790 → $68,503

up 20.6%

Population

31,066 → 32,197

up 3.6%

Renter share

39.2% → 41.8%

+2.6 pts

Bachelor's+

22.4% → 26.9%

+4.5 pts

Rent in Nicholasville, KY has increased 64.1% since 2021, going from about $942 per month to roughly $1,546 today. Local incomes tracked alongside that move, going from a median of $56,790 in 2021 to $68,503 more recently. Rent outpaced income growth by roughly 43.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 31,066 to 32,197 between 2021 and 2024, a 3.6% change. About 41.8% of households rent today, against 39.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.4% to 26.9%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Nicholasville, KY market of 2021.

Community

Discussions about Nicholasville

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View Nicholasville rent history (2015–2026) →

Salary vs rent

Can you afford rent in Nicholasville on your salary?

At $1,546/mo, how Nicholasville rent compares to typical pay (30% rule).

Registered Nurse

Avg $83,142/yr · Rent = 22.3% income

affordable

Elementary School Teacher

Avg $59,030/yr · Rent = 31.4% income

stretched

Police Officer

Avg $67,998/yr · Rent = 27.3% income

affordable

Software Developer

Avg $121,537/yr · Rent = 15.3% income

very comfortable

Lawyer

Avg $155,294/yr · Rent = 11.9% income

very comfortable

Firefighter

Avg $55,273/yr · Rent = 33.6% income

stretched

Truck Driver

Avg $49,905/yr · Rent = 37.2% income

stretched

Electrician

Avg $61,512/yr · Rent = 30.2% income

stretched

By apartment size

Nicholasville rent by bedroom count

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

Local insights

Tips for renters in Nicholasville

About renting in Nicholasville, KY

Last updated: July 20, 2026

The median rent in Nicholasville is $1,546/mo as of July 2026. A studio apartment averages $730/mo while a 2-bedroom runs $1,060/mo. One-bedroom apartments average $890/mo and 3-bedroom units go for $1,440/mo.

At 27% of local median household income ($68,503/yr), Nicholasville ranks as affordable compared to the national benchmark of 30%. Rents have increased 15.4% over the past year.

FAQ

Frequently asked questions

Is Nicholasville an affordable city for renters?

Nicholasville is considered affordable for renters. At $1,546/mo, rent takes approximately 27% of the local median household income ($68,503/yr). The standard benchmark is 30%. Nicholasville falls comfortably within that range.

How much income do you need to rent in Nicholasville?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,546/mo in Nicholasville. The local median household income is $68,503/yr, meaning the typical Nicholasville household meets that threshold.

Is rent going up or down in Nicholasville?

Rent in Nicholasville has increased 15.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Nicholasville rent compare to other cities in Kentucky?

Nicholasville is middle-of-the-pack for Kentucky for rent, ranking #15 out of 39 tracked cities at $1,546/mo.

Which nearby cities are cheaper to rent in than Nicholasville?

Several nearby cities have lower median rents than Nicholasville ($1,546/mo): Richmond ($1,188/mo), Winchester ($1,209/mo), Georgetown ($1,524/mo).

What percentage of Nicholasville residents rent vs. own?

According to Census data, approximately 41.8% of Nicholasville households are renters, while 58.2% are owner-occupied. Nicholasville leans toward homeownership, which can mean a smaller rental inventory.

How does Nicholasville rent compare to the national average?

Nicholasville's median rent of $1,546/mo is $419 (21%) below the US national median of $1,965/mo. Within Kentucky, it ranks #15 out of 39 tracked cities.

Income Affordability

27%

AFFORDABLE

At $1,546/mo, rent takes ~27% of Nicholasville's median household income ($68,503/yr). The standard benchmark is 30%.

Nicholasville 27%Benchmark 30%

State income tax4%

Run the Nicholasville affordability calculator →

Nearby cities

Lexington

$1,551/mo

+$5

Versailles