Rent in Lancaster, KY
A 2-bedroom in Lancaster, KY (ZIP 40444) typically rents for about $725 a month, with a range of $725–$941. Owner-occupied homes in Garrard County pay about 0.69% 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 | $672 | $672 | 1 |
| 1 bed | $864 | $864 | 1 |
| 2 beds | $725 | $725–$941 | 1 |
| 3 beds | $956 | $956–$1,232 | 1 |
| 4 beds | $1,200 | $1,200–$1,237 | 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).
Lancaster ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lancaster, KY?
- About $725 a month: the median of the typical rents in 1 ZIP code, which range from $725–$941. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lancaster, KY?
- About $864 a month: the median of the typical rents in 1 ZIP code, which range from $864. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lancaster, KY?
- About $956 a month: the median of the typical rents in 1 ZIP code, which range from $956–$1,232. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lancaster, KY?
- About $672 a month: the median of the typical rents in 1 ZIP code, which range from $672. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lancaster, KY?
- About $1,200 a month: the median of the typical rents in 1 ZIP code, which range from $1,200–$1,237. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Lancaster, KY?
- Owner-occupied homes in Garrard County pay a typical 0.69% 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 Lancaster rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).