Logo Garrard County Fair Market Rent FY 2020 Garrard County, KY Rental Data

Fair Market Rent Prices in Garrard County, KY :
$481 $531 $677 $844 $1,019
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Garrard County are very low compared to the national average. This FMR area is less expensive than 85% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Garrard County is $677 per month.

The previous year, rent for a two-bedroom home was $662 per month. This is a 2.27% increase year-over-year.

This FMR rate applies to Bryantsville, KY, Paint Lick, KY, Crab Orchard, KY, Lancaster, KY, Berea, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21079N21079.

Additionally, This Fair Market Rent (FMR) area Garrard County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Garrard County, KY FMR area is 0 people based on 2000 Census data.

Compared to the rest of Kentucky, the Garrard County FMR area is more expensive than 70% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Garrard County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Garrard County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 493
1-BR 1-Bedroom $ 544
2-BR 2-Bedroom $ 694
3-BR 3-Bedroom $ 865
4-BR 4-Bedroom $ 1045
Change Year:

There is just one county (listed below) within the Garrard County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lexington.

County / Region Est. Population
Garrard County, KY 0
Zip Codes in Garrard County, KY

There are 5 unique zip codes in this Fair Market Rent (FMR) area:

40403, 40410, 40419, 40444 and 40461

Lookup Fair Market Rent by Zip Code