$950 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
111 Elm St Unit 5, Ludlow, KY 41016
Property Id: 1326789 One bedroom and one bath unit with big kitchen. Rentevated in Ludlow, KY. Large living and bathroom off of bedroom.
Frequently Asked Questions
How much does it cost to rent a home in Ludlow, KY?
The median rent for a home in Ludlow, KY is $1,675 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Ludlow, KY?
To comfortably afford the median rent in Ludlow, KY, a household needs to earn roughly $67,000 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 $1,675 per month in Ludlow, KY, renters typically need to show $5,025 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 Ludlow, KY?
In Ludlow, KY, the price-to-rent ratio is 13.4, 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.
What neighborhoods in Ludlow, KY are best for renting a home?
The best neighborhood for renting in Ludlow, KY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West End, City Center, West Price Hill, Over-The-Rhine and Peaselburg, each with its own character and price range.
