Rent in Frankfort, KY
Across Frankfort's 7 ZIP codes, a 2-bedroom typically rents for about $1,145 a month, with figures from $998–$1,180. The highest typical rent is in 40621 ($1,145) and the lowest in 40601 ($1,089). 1 ZIP has ZIP-level figures from HUD or Census; the other 6 use the county Fair Market Rent. Owner-occupied homes in Franklin County pay about 0.79% 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 | $797 | $594–$820 | 7 |
| 1 bed | $909 | $787–$940 | 7 |
| 2 beds | $1,145 | $998–$1,180 | 7 |
| 3 beds | $1,466 | $1,127–$1,510 | 7 |
| 4 beds | $1,811 | $1,656–$1,870 | 7 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Frankfort ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Frankfort, KY?
- About $1,145 a month: the median of the typical rents in 7 ZIP codes, which range from $998–$1,180. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Frankfort, KY?
- About $909 a month: the median of the typical rents in 7 ZIP codes, which range from $787–$940. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Frankfort, KY?
- About $1,466 a month: the median of the typical rents in 7 ZIP codes, which range from $1,127–$1,510. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Frankfort, KY?
- About $797 a month: the median of the typical rents in 7 ZIP codes, which range from $594–$820. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Frankfort, KY?
- About $1,811 a month: the median of the typical rents in 7 ZIP codes, which range from $1,656–$1,870. Figures are gross rent (rent plus tenant-paid utilities).
- Which Frankfort ZIP code has the highest rent?
- For a 2-bedroom, 40621 has the highest typical rent at $1,145 a month, and 40601 the lowest at $1,089.
- What is the property tax rate in Frankfort, KY?
- Owner-occupied homes in Franklin County pay a typical 0.79% 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 Frankfort rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).