Rent in Millersburg, KY
A 2-bedroom in Millersburg, KY (ZIP 40348) typically rents for about $728 a month, with a range of $728–$1,416. Owner-occupied homes in Bourbon County pay about 0.71% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $986 | $986 | 1 |
| 1 bed | $609 | $609–$1,205 | 1 |
| 2 beds | $728 | $728–$1,416 | 1 |
| 3 beds | $924 | $924–$1,948 | 1 |
| 4 beds | $2,108 | $2,108 | 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).
Millersburg ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Millersburg, KY?
- About $728 a month: the median of the typical rents in 1 ZIP code, which range from $728–$1,416. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Millersburg, KY?
- About $609 a month: the median of the typical rents in 1 ZIP code, which range from $609–$1,205. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Millersburg, KY?
- About $924 a month: the median of the typical rents in 1 ZIP code, which range from $924–$1,948. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Millersburg, KY?
- About $986 a month: the median of the typical rents in 1 ZIP code, which range from $986. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Millersburg, KY?
- About $2,108 a month: the median of the typical rents in 1 ZIP code, which range from $2,108. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Millersburg, KY?
- Owner-occupied homes in Bourbon County pay a typical 0.71% 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 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Millersburg rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).