Studio Apartment Rent in Prospect, KY
Median asking rent for a studio apartment in Prospect, Kentucky as of July 2026. That's +36% lower than the citywide median of $2,343 and +17% above the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Prospect
Compare Prospect's median rent across every apartment size.
Cheapest cities for a studio in Kentucky
| # | City | Studio rent |
|---|---|---|
| 1 | Morehead | $630 |
| 2 | Corbin | $640 |
| 3 | Bardstown | $660 |
| 4 | Russellville | $660 |
| 5 | Paducah | $720 |
| 6 | Nicholasville | $730 |
| 7 | Paris | $730 |
| 8 | Versailles | $730 |
| 9 | Winchester | $730 |
| 10 | Richmond | $740 |
| 11 | Murray | $770 |
| 12 | Georgetown | $780 |
| 13 | Lawrenceburg | $780 |
| 14 | Southgate | $799 |
| 15 | Hopkinsville | $800 |
Most expensive cities for a studio in Kentucky
| # | City | Studio rent |
|---|---|---|
| 1 | Prospect (this page) | $1,510 |
| 2 | Hebron | $1,150 |
| 3 | Burlington | $1,080 |
| 4 | Louisville | $1,061 |
| 5 | Vine Grove | $1,060 |
| 6 | Independence | $1,030 |
| 7 | Florence | $980 |
| 8 | Shelbyville | $940 |
| 9 | Shepherdsville | $930 |
| 10 | Elizabethtown | $910 |
| 11 | Cold Spring | $910 |
| 12 | Oak Grove | $890 |
| 13 | Fort Thomas | $890 |
| 14 | Erlanger | $890 |
| 15 | Bowling Green | $890 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Prospect.
| City | Distance | Studio rent | vs Prospect |
|---|---|---|---|
| Jeffersonville, IN | 7.3 mi | $1,020 | $-490 (-32%) |
| Charlestown, IN | 7.9 mi | $910 | $-600 (-40%) |
| Louisville, KY | 12.2 mi | $1,061 | $-449 (-30%) |
| Clarksville, IN | 12.5 mi | $940 | $-570 (-38%) |
| Sellersburg, IN | 12.8 mi | $1,100 | $-410 (-27%) |
| New Albany, IN | 18.3 mi | $960 | $-550 (-36%) |
| Shepherdsville, KY | 27.1 mi | $930 | $-580 (-38%) |
| Shelbyville, KY | 28.4 mi | $940 | $-570 (-38%) |
| Bardstown, KY | 39.3 mi | $660 | $-850 (-56%) |
| Radcliff, KY | 44.3 mi | $800 | $-710 (-47%) |
| Elizabethtown, KY | 48.2 mi | $910 | $-600 (-40%) |
| Lawrenceburg, KY | 49.2 mi | $780 | $-730 (-48%) |
Studio rent in Prospect — common questions
How much is a studio apartment in Prospect?
As of July 2026, the median studio apartment rent in Prospect, Kentucky is $1,510 per month. This is +36% below the citywide median of $2,343.
What income do you need to afford a studio in Prospect?
Using the standard 30% rent-to-income rule, you would need an annual income of about $60,400 ($5,033/month gross), which works out to roughly $29.04/hour at a full-time job.
Is Prospect expensive for a studio compared to the rest of the US?
Prospect's studio median of $1,510 is +17% above the national studio median of $1,290. It ranks in the 66th percentile of US cities tracked.
How does Prospect rank for studio rent in Kentucky?
Among the 38 cities in Kentucky with studio data, Prospect ranks #38 from cheapest to most expensive.
Are there cheaper studio options near Prospect?
Yes — nearby cities with cheaper studio rents include Jeffersonville ($1,020), Charlestown ($910), Louisville ($1,061).