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Prospect at a Glance

Average Rent

$1,550
(All bedrooms and property types)
Learn more about
Average Rent in Prospect
8

School Rating

out of 10 Rating
Learn more about
Schools in Prospect
10

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Prospect
38

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Prospect

Prospect, KY Apartments for Rent

Nestled along the Ohio River just 12 miles northeast of downtown Louisville, Prospect combines residential charm with natural beauty. This Kentucky community, with a history dating back to the late 18th century when it was known as "Sand Hill," was formally incorporated in 1974. Today, Prospect features tree-lined streets and waterfront views, with convenient access to Louisville's amenities.

Prospect's rental market offers spacious accommodations with average one-bedroom apartments around 716 square feet and renting for approximately $1,487 monthly. The community sits near the Ohio River and Harrods Creek, offering parks and water views. U.S. Route 42 serves as the main thoroughfare, providing direct access to downtown Louisville and surrounding areas. While part of the greater Louisville metropolitan area, Prospect maintains a population density of about 1,199 people per square mile, creating a more spread-out residential setting.

Renting in Prospect

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Prospect

(For 1 bedroom apartments)

Average Rent in Nearby Cities

(For 1 bedroom apartments)
  • Cities Average Rent
  • Prospect $1,423/mo

Getting Around Prospect

Transportation

49

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
38

Somewhat Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
10

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

GreatSchools Rating
Goshen At Hillcrest Elementary School

Public Elementary School

Public
Grades K-5
649 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Frequently asked questions about renting in Prospect, KY

What are the average rent costs in Prospect, KY?

The average rent in Prospect, KY is $1,550.

What are the average rent costs of a studio apartment in Prospect, KY?

The average rent for a studio apartment in Prospect, KY is $1,409.

What are the average rent costs of a one bedroom apartment in Prospect, KY?

The average rent for a 1 bedroom apartment in Prospect, KY is $1,550.

What are the average rent costs of a two bedroom apartment in Prospect, KY?

The average rent for a 2 bedroom apartment in Prospect, KY is $2,275.

What are the average rent costs of a three bedroom apartment in Prospect, KY?

The average rent for a 3 bedroom apartment in Prospect, KY is $2,735.

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