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City Report · KY

Versailles

Pop. 10,492·7th most expensive in Kentucky·Versailles rents are up 7.7% over the past year
Median rent (all units)
$1,783/mo
Year-over-Year
+7.7%
Month-over-Month
+8.1%
vs US Median
-$179
Rising (Monthly)
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Most AffordableMost Expensive
Versailles · $1,783
More affordable than 55% of US cities · National median $1,962/mo
Affordability
34% of income
MODERATE
0%30% benchmark60%+

At $1,783/mo, rent takes about 34% of the local median household income, slightly above the 30% benchmark.

Income to afford
$71,000/yr
Local median income
$62,368/yr
Based on the 30%-of-income rule using Versailles's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$730
1 BR
$890
2 BR
$1,060
3 BR
$1,440
4 BR+
$1,630
Fair Market Rent (HUD)
$1,060/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,783 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$21,396/yr
At $1,783/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.7% YoY, +8.1% MoM), not inventory.
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Demographics

Who lives here

Versailles, KY is majority owner-occupied, has a median income below the national average, 36.7% of residents hold a bachelor's degree or higher.

Population
10,492
Median income
$62,368
Median age
39
Renters
40.1%
Age distribution
24.3%
19.2%
25.1%
13.4%
18.1%
Under 1824.3%
18–3419.2%
35–5425.1%
55–6413.4%
65+18.1%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
79.3%
White79.3%
Black6%
Hispanic11.8%
Asian0.5%
Other2.3%
Education (25+)
13.3%
23.3%
26.7%
36.7%
No HS diploma13.3%
HS diploma23.3%
Some college26.7%
Bachelor's+36.7%
Housing tenure
59.9%
40.1%
Owner59.9%
Renter40.1%

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

2021 vs 2026

How Versailles, KY has changed in 5 years

Income
$51,985 → $62,368
up 20.0%
Population
10,196 → 10,492
up 2.9%
Renter share
43.8% → 40.1%
-3.7 pts
Bachelor's+
33.4% → 36.7%
+3.3 pts
Median age
41.5 → 39
-2.5 yrs

Household income in the area moved from $51,985 to $62,368 across the same window, up 20.0% versus 2021. Census counts show Versailles, KY adding about 296 residents over the five-year window, up 2.9% on net. The renter share has eased from 43.8% to 40.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 33.4% to 36.7% across the same window.

Community

Discussions about Versailles

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

Can you afford rent in Versailles on your salary?

At $1,783/mo, how Versailles rent compares to typical pay (30% rule).

By apartment size

Versailles rent by bedroom count

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

Local insights

Tips for renters in Versailles

About renting in Versailles, KY

Last updated: August 17, 2026

The median rent in Versailles is $1,783/mo as of August 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 34% of local median household income ($62,368/yr), Versailles ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.7% over the past year.

FAQ

Frequently asked questions

Is Versailles an affordable city for renters?

Versailles is considered moderate for renters. At $1,783/mo, rent takes approximately 34% of the local median household income ($62,368/yr). The standard benchmark is 30%. Versailles slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Versailles?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,783/mo in Versailles. The local median household income is $62,368/yr, meaning the typical Versailles household falls short of that threshold.

Is rent going up or down in Versailles?

Rent in Versailles has increased 7.7% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Versailles rent compare to other cities in Kentucky?

Versailles is one of the pricier cities in Kentucky for rent, ranking #7 out of 36 tracked cities at $1,783/mo.

Which nearby cities are cheaper to rent in than Versailles?

Several nearby cities have lower median rents than Versailles ($1,783/mo): Frankfort ($1,035/mo), Lawrenceburg ($1,132/mo), Franklin ($1,538/mo).

What percentage of Versailles residents rent vs. own?

According to Census data, approximately 40.1% of Versailles households are renters, while 59.9% are owner-occupied. Versailles leans toward homeownership, which can mean a smaller rental inventory.

How does Versailles rent compare to the national average?

Versailles's median rent of $1,783/mo is $179 (9%) below the US national median of $1,962/mo. Within Kentucky, it ranks #7 out of 36 tracked cities.
Income Affordability
34%
MODERATE

At $1,783/mo, rent takes ~34% of Versailles's median household income ($62,368/yr). The standard benchmark is 30%.

Versailles 34%Benchmark 30%
State income tax4%
Run the Versailles affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Versailles, KY

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