Average Rent in Fayette, KY

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Current Versus Historical Fayette, KY Rents

Fayette rentals average $989 for a studio rental to $2,073 for a 4-bedroom rental. The median price of all currently available listings is $999, or roughly $15 per square feet.

For the apartment units and housing in June 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $135 (15.97%) year-over-year from $844 to $979. 1-bedroom rentals prices have increased by $27 (3.33%) year-over-year from $822 to $849. 2-bedroom rentals prices have decreased by $140 (-12.56%) year-over-year from $1,115 to $975. 3-bedroom rentals prices have decreased by $211 (-13.29%) year-over-year from $1,586 to $1,375. 4-bedroom rentals prices have decreased by $241 (-10.76%) year-over-year from $2,241 to $2,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.14% this month. 1-bedroom rents have gone up by 2.25% this month. 2-bedroom rents have gone down by 10.47% this month. 3-bedroom rents have gone down by 6.76% this month. 4-bedroom rents have gone down by 11.06% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$26.03	$979	$844 (15.97%)	$762 (28.45%)
1 BR	$14.50	$849	$822 (3.33%)	$824 (2.99%)
2 BR	$14.05	$975	$1,115 (-12.56%)	$1,183 (-17.61%)
3 BR	$15.15	$1,375	$1,586 (-13.29%)	$1,569 (-12.37%)
4+ BR	$13.50	$2,000	$2,241 (-10.76%)	$2,181 (-8.31%)

Historical Rents in Fayette, KY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Fayette

There are a total of 1 cities nearby Fayette. The average rent in Fayette is currently $999 per month. Only one city nearby has an average rent lower than that. Our records show that Lexington-Fayette, KY, with an average rent of $999, is the most affordable city nearby. In contrast, the most expensive city near Fayette, KY is Lexington-Fayette, KY. Monthly rents here are on average $999 per month.

Let's compare Fayette, KY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Fayette, KY is on par with the other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Fayette, KY are on par with the other cities nearby. Finally, rent for three bedrooms are on par with the other cities nearby. Want more information? Check out the top 1 cities near Fayette, KY in the following table.

City	Studio	1 Bed	2 Bed	All
Lexington-Fayette, KY	$989	$850	$999	$999

Top Neighborhoods Near Fayette

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Fayette

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Fayette

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Fayette Average Rents

What is the average rent price in Fayette, KY?

The average monthly rental price for Fayette, KY apartments for rent is approximately $999. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Fayette, KY rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Fayette, KY.

How much is a studio apartment in Fayette, KY?

The average monthly rental price for studio apartments is $989 and an average price per square feet of $26.03. There are a total of 6 studio apartment listings currently available for rent in Fayette.

How much is a one bedroom apartment in Fayette, KY?

The average monthly rental price for one bedroom apartments is $850 and an average price per square feet of $14.50. There are a total of 31 one bedroom apartment listings currently available for rent in Fayette.

How much is a two bedroom apartment in Fayette, KY?

The average monthly rental price for two bedroom apartments is $999 and an average price per square feet of $14.05. There are a total of 39 two bedroom apartment listings currently available for rent in Fayette.

How have rent prices in Fayette, KY changed this year?

Rent prices for rentals in Fayette, KY can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by -0.13%, three bedroom rental prices have changed by -0.13% year-over-year.

What is a reasonable rent price in Fayette, KY?

A reasonable rent price in Fayette, KY is around $799/month. You can search for these reasonably priced rental listings on RentHop.