2

Studio Apartments for Rent in Murray, KY

Section Image
  • /6

    $650 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    904 Coldwater Rd Unit 904 Coldwater Road #11, Murray, KY 42071

    Studio apartment in Murray, KY, with on on-site coin laundry for convenient living. Utilities include water, sewer, and trash. The property is close to Murray State University, offering an easy commute for students or staff. The efficient layout is suitable for those seeking a compact, self-contained residence with essential services included.One year leaseAll units are non smoking

    904 Coldwater Rd Unit 904 Coldwater Road #11, Murray, KY 42071
  • /6

    $650 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    904 Coldwater Rd Unit 904 Coldwater Road #11, Murray, KY 42071

    Studio apartment in Murray, KY, with on on-site coin laundry for convenient living. Utilities include water, sewer, and trash. The property is close to Murray State University, offering an easy commute for students or staff. The efficient layout is suitable for those seeking a compact, self-contained residence with essential services included.One year leaseAll units are non smoking

    904 Coldwater Rd Unit 904 Coldwater Road #11, Murray, KY 42071

Why Live in Murray

Murray, Kentucky, is a small rural city centered around Murray State University, which enrolls approximately 9,500 students. The university offers various activities, such as tours of the Clara Eagle Art Gallery and football games at Roy Stewart Stadium. The Murray Independent School District is highly rated, with reading and math proficiencies exceeding state and national averages. Key employers in the area include a dairy company, a window manufacturer, and a food manufacturer. Residents often unwind at Kentucky Lake, one of the largest manmade lakes in the nation, popular for boating, fishing, and professional bass fishing tournaments. Housing options range from mid-century ranch styles and bungalows in the north to New Traditionals, Colonial Revivals, and Contemporaries in the south. Central Park provides a dog park, outdoor amphitheater, public pool, soccer complex, and performing arts building. Dining options are varied along Twelfth Street, with a mix of fast-food, sit-down chains, and local eateries, while Main Street offers a charming downtown experience. Entertainment is primarily found at Murray State, with NCAA Division I sports and performances at Lovett Auditorium. For travel, Nashville is 120 miles away, and residents use Nashville International Airport. Murray has lower crime rates compared to state and national averages, making it a safer place to live.

Frequently Asked Questions

How much does it cost to rent a home in Murray, KY?
The median rent for a home in Murray, KY is $1,149 per month, though prices vary by neighborhood, size, and property type. As of August 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 Murray, KY?
To comfortably afford the median rent in Murray, KY, a household needs to earn roughly $45,960 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 $1,149 per month in Murray, KY, renters typically need to show $3,447 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 Murray, KY?
In Murray, KY, the price-to-rent ratio is 18.9, 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

Number of Homes for Rent
2
Median Rent
$1,149
Median Single Family Home Rent
$1,500
Median Townhouse Rent
$1,198
Median Condo Rent
$1,100
How to Rent a Home