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RentData.org Logo Montgomery County Fair Market Rent FY 2022 Montgomery County, KY Rental Data

Fair Market Rent Prices in Montgomery County, KY :
$504 $613 $704 $972 $1,080
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 50th Percentile Non-Metro

Fair Market Rent prices in Montgomery County are very low compared to the national average. This FMR area is less expensive than 75% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Montgomery County is $704 per month.

The previous year, rent for a two-bedroom home was $724 per month. This is a 2.76% decrease year-over-year.

This FMR rate applies to Jeffersonville, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21173N21173.

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

Compared to the rest of Kentucky, the Montgomery County FMR area is more expensive than 78% 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 Montgomery County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Montgomery 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 $ 539
1-BR 1-Bedroom $ 655
2-BR 2-Bedroom $ 753
3-BR 3-Bedroom $ 1039
4-BR 4-Bedroom $ 1155
Change Year:

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

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

There is 1 unique zip code in this Fair Market Rent (FMR) area:

40337

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