Rent in Berea, KY
A 2-bedroom in Berea, KY (ZIP 40403) typically rents for about $824 a month, with a range of $824–$993. Owner-occupied homes in Madison County pay about 0.73% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $691 | $691 | 1 |
| 1 bed | $644 | $644–$859 | 1 |
| 2 beds | $824 | $824–$993 | 1 |
| 3 beds | $905 | $905–$1,375 | 1 |
| 4 beds | $1,312 | $1,312–$1,600 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Berea ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Berea, KY?
- About $824 a month: the median of the typical rents in 1 ZIP code, which range from $824–$993. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Berea, KY?
- About $644 a month: the median of the typical rents in 1 ZIP code, which range from $644–$859. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Berea, KY?
- About $905 a month: the median of the typical rents in 1 ZIP code, which range from $905–$1,375. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Berea, KY?
- About $691 a month: the median of the typical rents in 1 ZIP code, which range from $691. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Berea, KY?
- About $1,312 a month: the median of the typical rents in 1 ZIP code, which range from $1,312–$1,600. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Berea, KY?
- Owner-occupied homes in Madison County pay a typical 0.73% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Berea rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).