3-Bedroom Apartment Rent in Prospect, KY
Median asking rent for a 3-bedroom apartment in Prospect, Kentucky as of July 2026. That's +10% higher than the citywide median of $2,343 and +21% above the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Kentucky
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Corbin | $1,100 |
| 2 | Morehead | $1,110 |
| 3 | Russellville | $1,210 |
| 4 | Bardstown | $1,270 |
| 5 | Paducah | $1,270 |
| 6 | Murray | $1,300 |
| 7 | Richmond | $1,330 |
| 8 | Lawrenceburg | $1,370 |
| 9 | Radcliff | $1,420 |
| 10 | Bowling Green | $1,433 |
| 11 | Nicholasville | $1,440 |
| 12 | Paris | $1,440 |
| 13 | Versailles | $1,440 |
| 14 | Winchester | $1,440 |
| 15 | Owensboro | $1,530 |
Most expensive cities for a 3-bedroom in Kentucky
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Prospect (this page) | $2,580 |
| 2 | Hebron | $2,210 |
| 3 | Burlington | $2,100 |
| 4 | Independence | $1,990 |
| 5 | Florence | $1,900 |
| 6 | Vine Grove | $1,870 |
| 7 | Louisville | $1,818 |
| 8 | Cold Spring | $1,760 |
| 9 | Erlanger | $1,720 |
| 10 | Lexington | $1,713 |
| 11 | Fort Thomas | $1,710 |
| 12 | Alexandria | $1,700 |
| 13 | Oak Grove | $1,680 |
| 14 | Elizabethtown | $1,600 |
| 15 | Fort Wright | $1,598 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Prospect.
| City | Distance | 3-Bedroom rent | vs Prospect |
|---|---|---|---|
| Jeffersonville, IN | 7.3 mi | $1,740 | $-840 (-33%) |
| Charlestown, IN | 7.9 mi | $1,550 | $-1,030 (-40%) |
| Louisville, KY | 12.2 mi | $1,818 | $-762 (-30%) |
| Clarksville, IN | 12.5 mi | $1,600 | $-980 (-38%) |
| Sellersburg, IN | 12.8 mi | $1,880 | $-700 (-27%) |
| New Albany, IN | 18.3 mi | $1,640 | $-940 (-36%) |
| Shepherdsville, KY | 27.1 mi | $1,590 | $-990 (-38%) |
| Shelbyville, KY | 28.4 mi | $1,540 | $-1,040 (-40%) |
| Bardstown, KY | 39.3 mi | $1,270 | $-1,310 (-51%) |
| Radcliff, KY | 44.3 mi | $1,420 | $-1,160 (-45%) |
| Elizabethtown, KY | 48.2 mi | $1,600 | $-980 (-38%) |
| Lawrenceburg, KY | 49.2 mi | $1,370 | $-1,210 (-47%) |
3-Bedroom rent in Prospect — common questions
How much is a 3-bedroom apartment in Prospect?
As of July 2026, the median 3-bedroom apartment rent in Prospect, Kentucky is $2,580 per month. This is +10% higher than the citywide median of $2,343.
What income do you need to afford a 3-bedroom in Prospect?
Using the standard 30% rent-to-income rule, you would need an annual income of about $103,200 ($8,600/month gross), which works out to roughly $49.62/hour at a full-time job.
Is Prospect expensive for a 3-bedroom compared to the rest of the US?
Prospect's 3-bedroom median of $2,580 is +21% above the national 3-bedroom median of $2,130. It ranks in the 69th percentile of US cities tracked.
How does Prospect rank for 3-bedroom rent in Kentucky?
Among the 38 cities in Kentucky with 3-bedroom data, Prospect ranks #38 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Prospect?
Yes — nearby cities with cheaper 3-bedroom rents include Jeffersonville ($1,740), Charlestown ($1,550), Louisville ($1,818).