144 Apartments for rent in Florence, KY
📍Average Rent in Florence
One of Florence’s biggest selling features is that it is just minutes from Cincinnati, Ohio, making it easy to take in big city shopping, sporting events and nightlife, without paying big city prices. Living in Florence means paying much less for rent and still being able to enjoy the finer things in life (pools, clubhouse, covered parking, ceiling fans, some paid utilities). For the single types out there, studio apartments in Florence, Kentucky rent for as low as $400/month. 1 BRs range can be rented from as low as $445 (very basic) to as much as $720. 1 BR townhomes will rent for a bit more (around $885/month) but are set in more luxurious settings. 2 BR apartments in Florence range between $570and $900. Those looking for 3 BR apartments in Florence should expect to pay around $800 for a standard unit (such as those at Normandy Green Apartments) and $1100 for a luxury unit.
While impressive standard apartment rentals are something Florence does well, luxury apartments in Florence are stellar! Giving tenants access to everything from billiards rooms to garages and cyber cafes to fitness centers, luxury apartment rentals like Florence’s Trellises Apartments have renters clamoring for keys. The truth is, luxury is as standard here as fresh air and most apartment rentals will stop at nothing to offer luxury settings to happy renters. As for furnished apartments in Florence, the city doesn’t skimp on those either. With roughly ten communities in Florence featuring furnished apartments for rent there are plenty of options for those moving with light baggage.
If, on the other hand, your baggage tends to be a bit heaver, and possibly a bit hairy, Florence has you covered there as well. Pet-friendly apartments are available throughout the city and typically, with a deposit (about $200 or so) and a few breed/weight restrictions, pets are welcome with open arms.
With no shortage of southern charm or outstanding apartment rentals, Florence will have you feeling at home as soon as you set down your bags. Sure, you may have to get used to saying, “y’all” but you’ll also have a few extra bucks in your pocket and cozy apartment to call home. We reckon you’ll love it here. Happy hunting!
December 2019 Florence Rent Report
Welcome to the December 2019 Florence Rent Report. Florence rents declined over the past month. In this report, we'll evaluate trends in the Florence rental market, including comparisons to cities throughout the state and nation.
December 2019 Florence Rent Report
Welcome to the December 2019 Florence Rent Report. Florence rents declined over the past month. In this report, we'll evaluate trends in the Florence rental market, including comparisons to cities throughout the state and nation.
Florence rents decline sharply over the past month
Florence rents have declined 0.7% over the past month, but are up slightly by 1.8% in comparison to the same time last year. Currently, median rents in Florence stand at $749 for a one-bedroom apartment and $985 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in August. Florence's year-over-year rent growth leads the state average of 0.8%, as well as the national average of 1.4%.
Rents rising across cities in the Cincinnati Metro
Throughout the past year, rent increases have been occurring not just in the city of Florence, but across the entire metro. Of the largest 10 cities that we have data for in the Florence metro, 8 of them have seen prices rise. Kentucky as a whole logged rent growth of 0.8% over the past year. Here's a look at how rents compare across some of the largest cities in the metro.
- Looking throughout the metro, Fairfield is the most expensive of all Florence metro's major cities, with a median two-bedroom rent of $1,114; of the 10 largest cities in Kentucky metro that we have data for, Covington and Bowling Green, where two-bedrooms go for $802 and $727, are the only two major cities in the metro to see rents fall year-over-year (-13.7% and -0.1%).
- Fairfield, Florence, and Hamilton have all experienced year-over-year growth above the state average (2.4%, 1.8%, and 1.8%, respectively).
Florence rents more affordable than many large cities nationwide
As rents have increased slightly in Florence, a few large cities nationwide have also seen rents grow modestly. Florence is still more affordable than most large cities across the country.
- Florence's median two-bedroom rent of $985 is below the national average of $1,191. Nationwide, rents have grown by 1.4% over the past year compared to the 1.8% rise in Florence.
- While Florence's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.9%), Dallas (+2.2%), and Seattle (+1.6%).
- Renters will find more reasonable prices in Florence than most large cities. For example, San Francisco has a median 2BR rent of $3,101, which is more than three times the price in Florence.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.