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City Report · KY

Winchester

Pop. 19,213·26th most expensive in Kentucky·Winchester rents have dropped 7.7%, currently a renter's market
Median rent (all units)
$1,209/mo
Year-over-Year
-7.7%
Month-over-Month
+0.8%
vs US Median
-$756
Rising (Monthly)
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Most AffordableMost Expensive
Winchester · $1,209
More affordable than 92% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,209/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$48,000/yr
Local median income
$54,378/yr
Based on the 30%-of-income rule using Winchester'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
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
$14,508/yr
At $1,209/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-7.7% YoY, +0.8% MoM), not inventory.
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Demographics

Who lives here

Winchester, KY is majority owner-occupied, has a median income below the national average, 22.4% of residents hold a bachelor's degree or higher.

Population
19,213
Median income
$54,378
Median age
40.1
Renters
39.5%
Age distribution
20.5%
23.7%
25.5%
12.2%
18.2%
Under 1820.5%
18–3423.7%
35–5425.5%
55–6412.2%
65+18.2%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
85.2%
White85.2%
Black4.9%
Hispanic4.4%
Asian1.8%
Other3.7%
Education (25+)
36.2%
30%
22.4%
No HS diploma11.3%
HS diploma36.2%
Some college30%
Bachelor's+22.4%
Housing tenure
60.5%
39.5%
Owner60.5%
Renter39.5%

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

2021 vs 2026

How Winchester, KY has changed in 5 years

Income
$47,034 → $54,378
up 15.6%
Population
18,993 → 19,213
up 1.2%
Renter share
42.2% → 39.5%
-2.7 pts
Bachelor's+
19% → 22.4%
+3.4 pts
Median age
36.9 → 40.1
+3.2 yrs

Local incomes tracked alongside that move, going from a median of $47,034 in 2021 to $54,378 more recently. Headcount in the area went from 18,993 to 19,213 between 2021 and 2024, a 1.2% change. About 39.5% of households rent today, against 42.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19% to 22.4%.

Community

Discussions about Winchester

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

Can you afford rent in Winchester on your salary?

At $1,209/mo, how Winchester rent compares to typical pay (30% rule).

By apartment size

Winchester rent by bedroom count

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

Local insights

Tips for renters in Winchester

About renting in Winchester, KY

Last updated: July 20, 2026

The median rent in Winchester is $1,209/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 ($54,378/yr), Winchester ranks as affordable compared to the national benchmark of 30%. Rents have decreased 7.7% over the past year.

FAQ

Frequently asked questions

Is Winchester an affordable city for renters?

Winchester is considered affordable for renters. At $1,209/mo, rent takes approximately 27% of the local median household income ($54,378/yr). The standard benchmark is 30%. Winchester falls comfortably within that range.

How much income do you need to rent in Winchester?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,209/mo in Winchester. The local median household income is $54,378/yr, meaning the typical Winchester household meets that threshold.

Is rent going up or down in Winchester?

Rent in Winchester has decreased 7.7% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Winchester rent compare to other cities in Kentucky?

Winchester is one of the more affordable cities in Kentucky for rent, ranking #26 out of 39 tracked cities at $1,209/mo.

Which nearby cities are cheaper to rent in than Winchester?

Several nearby cities have lower median rents than Winchester ($1,209/mo): Paris ($1,023/mo), Richmond ($1,188/mo).

What percentage of Winchester residents rent vs. own?

According to Census data, approximately 39.5% of Winchester households are renters, while 60.5% are owner-occupied. Winchester leans toward homeownership, which can mean a smaller rental inventory.

How does Winchester rent compare to the national average?

Winchester's median rent of $1,209/mo is $756 (38%) below the US national median of $1,965/mo. Within Kentucky, it ranks #26 out of 39 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,209/mo, rent takes ~27% of Winchester's median household income ($54,378/yr). The standard benchmark is 30%.

Winchester 27%Benchmark 30%
State income tax4%
Run the Winchester affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Winchester, KY

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