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Studio Apartments for Rent in Frankfort, KY

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  • /29

    Starting at $845 Per Month

    • Studio

    855 Louisville Rd, Frankfort, KY 40601

    We are excited to announce our Phase II New Luxury Loft Apartments starting at $865 to go along with our Remodeled Apartments starting at $695.Juniper Hills Studio Apartments is conveniently located near the best that the Capitol City has to offer. Whether you enjoy shopping, dining or recreation, you have come to the right place. If you would like to take in a round of golf or hit the

    Juniper Hills Apartments

    (859) 470-3789

    855 Louisville Rd, Frankfort, KY 40601
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    Starting at $608 Per Month

    • Studio - 2 Beds

    101 Compton Dr, Frankfort, KY 40601

    Located in Frankfort, Riverview Apartments offers exceptional residences with all the amenities you want. Our newly updated studios, 1-bedroom, and 2-bedroom apartment homes feature hardwood floors, standard kitchen appliances, updated countertops, cabinets, and more. Residents appreciate our on-site laundry facilities, on-site management and maintenance teams, courtyard, playground, and

    Riverview Apartments

    (502) 237-5106

    101 Compton Dr, Frankfort, KY 40601
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    $795

    Total Monthly Price

    • Studio
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    342 Holmes St Unit 4, Frankfort, KY 40601

    NO LAUNDRY FACILITIES OR HOOK UPS ON SITE,newly renovated 1BR apartment, hardwood floors, baseboard heating,through the wall heat pump/AC in bedroom, includes appliances,new kitchen cabinets, includes all utilities, 1st and last month's rent plus deposit, $300 non-refundable pet deposit per animal, per owner approval, this unit is upstairs

    342 Holmes St Unit 4, Frankfort, KY 40601

Why Live in Frankfort

Frankfort, KY, the state capital, embodies the essence of "Kentucky Distilled" with its rich history and notable landmarks such as the state capitol building and the governor's mansion, both listed on the National Register of Historic Places. With a population of just under 30,000, Frankfort maintains a small-town feel, characterized by minimal traffic and a close-knit community. The city is home to the renowned Buffalo Trace Distillery, attracting thousands of visitors as part of the Bourbon Trail. Downtown Frankfort features vintage storefronts, used bookstores, and trendy brewpubs, and comes alive during summer concerts and Bourbon Week. However, shopping and dining options outside the downtown area are limited. The upcoming Paddocks of Frankfort, a $150 million mixed-use development, aims to enhance local amenities. Frankfort offers numerous things to do, including hiking and biking on extensive trails within preserved parklands, paddle boating on the Kentucky River, and visiting the Juniper Hill Aquatic Center. Riverview Park is a popular spot with waterside views and a summer farmers market. The Frankfort Independent School District, serving the city center, is highly rated, providing small class sizes. Kentucky State University offers dual enrollment courses for high schoolers. Frankfort is conveniently connected to Lexington, 25 miles away, and Louisville, 55 miles away, via major highways. Housing in Frankfort is more affordable than in nearby Lexington and Louisville, with a mix of mid-century homes, colorful Victorians, and some modern constructions on the outskirts.

Frequently Asked Questions

How much does it cost to rent a home in Frankfort, KY?
The median rent for a home in Frankfort, KY is $1,075 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Frankfort, KY?
To comfortably afford the median rent in Frankfort, KY, a household needs to earn roughly $43,000 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 $1,075 per month in Frankfort, KY, renters typically need to show $3,225 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 Frankfort, KY?
In Frankfort, KY, the price-to-rent ratio is 20.2, 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.

Rental Home Trends in Frankfort, KY

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,075
Median Single Family Home Rent
$1,475
Median Townhouse Rent
$990
Median Condo Rent
$850
How to Rent a Home