1-Bedroom Apartment Rent in Prospect, KY
Median asking rent for a 1-bedroom apartment in Prospect, Kentucky as of August 2026. That's +31% lower than the citywide median of $2,382 and +18% above the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Prospect
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 1-bedroom at the current median rent.
Rent by apartment size in Prospect
Compare Prospect's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Kentucky
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Bardstown | $700 |
| 2 | Morehead | $700 |
| 3 | Paducah | $810 |
| 4 | Radcliff | $810 |
| 5 | Murray | $820 |
| 6 | Richmond | $830 |
| 7 | Franklin | $849 |
| 8 | Fort Wright | $860 |
| 9 | Hopkinsville | $880 |
| 10 | Owensboro | $880 |
| 11 | Newport | $890 |
| 12 | Nicholasville | $890 |
| 13 | Versailles | $890 |
| 14 | Winchester | $890 |
| 15 | Lawrenceburg | $900 |
Most expensive cities for a 1-bedroom in Kentucky
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Prospect (this page) | $1,640 |
| 2 | Hebron | $1,290 |
| 3 | Burlington | $1,220 |
| 4 | Independence | $1,160 |
| 5 | Louisville | $1,159 |
| 6 | La Grange | $1,130 |
| 7 | Florence | $1,100 |
| 8 | Vine Grove | $1,070 |
| 9 | Lexington | $1,061 |
| 10 | Shelbyville | $1,040 |
| 11 | Shepherdsville | $1,010 |
| 12 | Bowling Green | $1,007 |
| 13 | Fort Thomas | $1,000 |
| 14 | Erlanger | $1,000 |
| 15 | Frankfort | $970 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 1-bedroom rents than Prospect.
| City | Distance | 1-Bedroom rent | vs Prospect |
|---|---|---|---|
| Jeffersonville, IN | 7.3 mi | $1,110 | $-530 (-32%) |
| Louisville, KY | 12.2 mi | $1,159 | $-481 (-29%) |
| Clarksville, IN | 12.5 mi | $1,020 | $-620 (-38%) |
| Sellersburg, IN | 12.8 mi | $1,200 | $-440 (-27%) |
| La Grange, KY | 14.2 mi | $1,130 | $-510 (-31%) |
| New Albany, IN | 18.3 mi | $1,040 | $-600 (-37%) |
| Shepherdsville, KY | 27.1 mi | $1,010 | $-630 (-38%) |
| Shelbyville, KY | 28.4 mi | $1,040 | $-600 (-37%) |
| Bardstown, KY | 39.3 mi | $700 | $-940 (-57%) |
| Radcliff, KY | 44.3 mi | $810 | $-830 (-51%) |
| Elizabethtown, KY | 48.2 mi | $910 | $-730 (-45%) |
| Lawrenceburg, KY | 49.2 mi | $900 | $-740 (-45%) |
1-Bedroom rent in Prospect — common questions
How much is a 1-bedroom apartment in Prospect?
As of August 2026, the median 1-bedroom apartment rent in Prospect, Kentucky is $1,640 per month. This is +31% below the citywide median of $2,382.
What income do you need to afford a 1-bedroom in Prospect?
Using the standard 30% rent-to-income rule, you would need an annual income of about $65,600 ($5,467/month gross), which works out to roughly $31.54/hour at a full-time job.
Is Prospect expensive for a 1-bedroom compared to the rest of the US?
Prospect's 1-bedroom median of $1,640 is +18% above the national 1-bedroom median of $1,395. It ranks in the 66th percentile of US cities tracked.
How does Prospect rank for 1-bedroom rent in Kentucky?
Among the 36 cities in Kentucky with 1-bedroom data, Prospect ranks #36 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Prospect?
Yes — nearby cities with cheaper 1-bedroom rents include Jeffersonville ($1,110), Louisville ($1,159), Clarksville ($1,020).