3

Midway, KY Homes for Rent

Section Image
  • /5

    $1,295

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    140 E Main St, Midway, KY 40347

    This very beautiful space can be used for business, office or a specious one bedroom living quarter. - Live or have an office or business in Beautiful Historic landmark on Main Street, downtown, Midway! A wide semi-round staircase will lead you to a very nice and spacious one bedroom on second floor of this landmark on corner of Main and Gratz St with an overview to both streets!!

    140 E Main St, Midway, KY 40347
  • /5

    $1,295

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    140 E Main St, Midway, KY 40347

    This very beautiful space can be used for business, office or a specious one bedroom living quarter. - Live or have an office or business in Beautiful Historic landmark on Main Street, downtown, Midway! A wide semi-round staircase will lead you to a very nice and spacious one bedroom on second floor of this landmark on corner of Main and Gratz St with an overview to both streets!!

    140 E Main St, Midway, KY 40347
  • /9

    $1,195 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Apartment for Rent

    121 N 121 N Brand St St Unit 13, Midway, KY 40347

    Looking for August move in date

    Jared Gadd Bluegrass Property Exchange

    121 N 121 N Brand St St Unit 13, Midway, KY 40347

Why Live in Midway

Midway, Kentucky, is a historical rural township founded in the 1830s, known for its charming railroad town architecture and vibrant community festivals. The town features a variety of home styles, including Craftsman, Colonial Revival, Cape Cod, and ranch-style homes, with prices ranging from $150,000 to $680,000. The countryside also offers horse farms and farmhouses on large lots. Main Street, locally known as Railroad Street, is lined with small shops and dining options such as The Brown Barrel & Blind Harry’s, The Goose & Gander, and Heirloom. For outdoor activities, Walter Bradley Park provides 4 miles of walking trails, a picnic area, and a dog park. Midway University offers athletic facilities and the Thoroughbred Theatre hosts plays and live music. The town is renowned for its seasonal festivals, including the Midway Fall Festival and the Midway Bourbon & Blues Festival. Families have access to highly rated schools like Northside Elementary School, Royal Spring Middle School, and Woodford County High School. Midway is centrally located, being 7.7 miles from Versailles, 10 miles from Georgetown, and 15 miles from Downtown Lexington.

Frequently Asked Questions

How much does it cost to rent a home in Midway, KY?
The median rent for a home in Midway, KY is $1,295 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 Midway, KY?
To comfortably afford the median rent in Midway, KY, a household needs to earn roughly $51,800 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 $1,295 per month in Midway, KY, renters typically need to show $3,885 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 Midway, KY?
In Midway, KY, the price-to-rent ratio is 21.4, 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 Midway, KY are best for renting a home?
The best neighborhood for renting in Midway, KY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Boston, South Scott County, Masterson Station, Northeast Georgetown and Greendale, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,295
Median Single Family Home Rent
$1,295
Median Condo Rent
$1,145
How to Rent a Home