Rent in Morehead, KY
A 2-bedroom in Morehead, KY (ZIP 40351) typically rents for about $790 a month, with a range of $790–$977. Owner-occupied homes in Rowan County pay about 0.55% 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 | $581 | $581–$701 | 1 |
| 1 bed | $628 | $628–$791 | 1 |
| 2 beds | $790 | $790–$977 | 1 |
| 3 beds | $891 | $891–$1,252 | 1 |
| 4 beds | $1,413 | $1,413–$1,633 | 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).
Morehead ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Morehead, KY?
- About $790 a month: the median of the typical rents in 1 ZIP code, which range from $790–$977. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Morehead, KY?
- About $628 a month: the median of the typical rents in 1 ZIP code, which range from $628–$791. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Morehead, KY?
- About $891 a month: the median of the typical rents in 1 ZIP code, which range from $891–$1,252. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Morehead, KY?
- About $581 a month: the median of the typical rents in 1 ZIP code, which range from $581–$701. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Morehead, KY?
- About $1,413 a month: the median of the typical rents in 1 ZIP code, which range from $1,413–$1,633. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Morehead, KY?
- Owner-occupied homes in Rowan County pay a typical 0.55% 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 Morehead rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).