$950 Per Month
- 2 Beds
- 1 Bath
- 900 Sq Ft
- House for Rent
408 Cedar St, Central City, KY 42330
Property Id: 2060418 2 bedroom 1 bath home minutes from Walmart walking distance to Long John Silvers
Frequently Asked Questions
How much does it cost to rent a home in Central City, KY?
The median rent for a home in Central City, KY is $950 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Central City, KY?
To comfortably afford the median rent in Central City, KY, a household needs to earn roughly $38,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $950 per month in Central City, KY, renters typically need to show $2,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Central City, KY?
In Central City, KY, the price-to-rent ratio is 15.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
