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Monroe County, KY

2024 Fair Market Rents

Tags: 2024 40th percentile Kentucky

Return to the state page to see where Kentucky ranks nationally and to view information on other counties. Click on the map to view a different county.

The top 2 largest cities in Monroe County are Gamaliel and Hestand. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Monroe County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Monroe County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Monroe County compare?

Monroe County ($850) has a 10.1% lower FMR for 2-Bedroom housing than the average of Kentucky ($946) and therefore has a lower gross rent.

Monroe County is rank 105th out of 120 counties. This means the FMRs, or in other words, the gross rent is lower than 104 other counties. Monroe County is the 16th cheapest county in terms of FMRs.

Rent Tables Monroe County, KY

Fair Market Rent (40th Percentile)

$616
studio
$647
1-Bedroom
$850
2-Bedroom
$1,128
3-Bedroom
$1,132
4-Bedroom

Median Rent (50th Percentile)

$616
studio
$647
1-Bedroom
$850
2-Bedroom
$1,128
3-Bedroom
$1,132
4-Bedroom

Fair Market Rents on this page apply to the following cities in Monroe County, Kentucky: Gamaliel and Hestand.

These Fair Market Rents also apply to the following ZIP codes in Monroe County, Kentucky: 42140 and 42151.

More on Monroe County, KY

Want to learn more about Monroe County, KY? See Loan Limits in Monroe County, KY to view maximum loan amounts or click here to find a Public Housing Authority near Monroe County, KY who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.


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