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Studio Apartment for Rent in Madisonville, KY

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    Starting at $515 Per Month

    • Studio - 2 Beds

    901 Princeton Rd, Madisonville, KY 42431

    Willow Run Apartments invites you to live life on your own terms. Our community has several home, community, and location advantages. Our spacious studio, one and two bedroom floor plans were designed to provide the quality and comfort for a premier lifestyle.Located within minutes of downtown Madisonville, Willow Run Apartments is an ideal location for local opportunities. Our home

    Willow Run Apts

    (270) 561-7383

    901 Princeton Rd, Madisonville, KY 42431

Why Live in Madisonville

Madisonville, Kentucky, a small city with a population of 19,300, offers a suburban lifestyle with essential services. It has evolved from a rail hub and coal mining town into a retail center conveniently located off Interstate 69. The city is home to Baptist Health Deaconess, a major employer with a comprehensive hospital facility, including critical care and cardiac centers. Employment opportunities also exist within the school district and local retail sector. Housing options in Madisonville include early 20th-century Victorian-era houses, American Craftsman bungalows, and mid-century ranch styles, with prices ranging from $90,000 to $650,000. Severe weather events, such as tornadoes and ice storms, have historically impacted the area. Outdoor recreation is abundant, with several public parks featuring dog parks, playgrounds, and fishing lakes. The Mahr Park Arboretum offers miles of walking trails and access to Lake Peewee. Dining and retail options are available on Main Street and Center Street, with fast-food franchises, coffee shops, and local Mexican eateries. The Glema Mahr Center for the Arts provides cultural enrichment through music and theater, while Madisonville Community College offers various classes. Residents rely on cars for transportation, with Interstate 69 facilitating travel to nearby cities. Madisonville's crime rates are lower than state and national averages, contributing to a safer living environment.

Frequently Asked Questions

How much does it cost to rent a home in Madisonville, KY?
The median rent for a home in Madisonville, KY is $1,199 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Madisonville, KY?
To comfortably afford the median rent in Madisonville, KY, a household needs to earn roughly $47,960 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 $1,199 per month in Madisonville, KY, renters typically need to show $3,597 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 Madisonville, KY?
In Madisonville, KY, the price-to-rent ratio is 12.5, 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 Madisonville, KY

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,199
Median Single Family Home Rent
$1,199
How to Rent a Home