#	Property	From	Avg	$/sqft	Rating	Units
1	PURE Property Management of Kentucky 250 E Short St #320, Lexington, KY 40507, USA	$750	$1,073	$1.13	4.4 (1328)	2
2	Limestone Square/Medical Villas Apartments 129 Transcript Ave #2, Lexington, KY 40508, USA	$820	$970	$1.29	4.3 (49)	3
3	Bluegrass Rental Properties 165 Virginia Ave, Lexington, KY 40508, USA	$875	$1,143	$1.73	4.1 (45)	7
4	UKMVP 127 Gazette Ave, Lexington, KY 40508, USA	$875	$1,143	$1.73	4.1 (26)	7
5	The Vue Lexington 2070 Garden Springs Dr, Lexington, KY 40504, USA	$995	$1,048	$1.55	3.6 (258)	38
6	Midtown Apartments 201 Simpson Ave #310, Lexington, KY 40504, USA	$1,005	$1,494	--	4.2 (142)	9
7	Studios180 180 N Martin Luther King Blvd, Lexington, KY 40507, USA	$1,195	$1,335	$3.56	4.6 (64)	4
8	Townley Park Apartments in Lexington KY 149 Old Towne Walk, Lexington, KY 40511, USA	$1,203	$1,478	--	4.5 (211)	8
9	McConnell's Trace Townhomes 2945 Trailwood Ln, Lexington, KY 40511, USA	$1,245	$2,088	--	4.2 (147)	6
10	Preserve Lexington 845 Red Mile Rd, Lexington, KY 40504, USA	$1,252	$1,559	$2.02	3.8 (173)	18
11	The Flats at 345 345 Blackburn Ave, Lexington, KY 40508, USA	$1,255	$1,608	$2.30	4.8 (16)	4
12	The Reserve at Merrick Apartments & Townhomes 3300 Montavesta Rd #2101, Lexington, KY 40502, USA	$1,255	$1,275	$2.09	4.6 (59)	2
13	Merrick Place 3260 Commodore Dr, Lexington, KY 40502, USA	$1,316	$1,676	$1.70	4.6 (190)	14
14	The Village at Great Acres 2751 Ruby River Dr, Lexington, KY 40511, USA	$1,362	$1,477	--	4.8 (57)	3
15	Lakewood Park Apartments 495 Laketower Dr, Lexington, KY 40502, USA	$1,699	$1,699	$1.21	4.3 (47)	1

Explore Each Property

PURE Property Management of Kentucky

4.4 (1328)

250 E Short St #320, Lexington, KY 40507, USA

From $750/mo

2 units

Limestone Square/Medical Villas Apartments

4.3 (49)

129 Transcript Ave #2, Lexington, KY 40508, USA

From $820/mo

3 units

Bluegrass Rental Properties

4.1 (45)

165 Virginia Ave, Lexington, KY 40508, USA

From $875/mo

7 units

UKMVP

4.1 (26)

127 Gazette Ave, Lexington, KY 40508, USA

From $875/mo

7 units

The Vue Lexington

3.6 (258)

2070 Garden Springs Dr, Lexington, KY 40504, USA

From $995/mo

38 units

Midtown Apartments

4.2 (142)

201 Simpson Ave #310, Lexington, KY 40504, USA

From $1,005/mo

9 units

Lexington, KY Average Rent Prices 2026

The average rent in Lexington, KY is $1,354 per month, based on 126 units across 15 apartment communities. Prices range from $750 at PURE Property Management of Kentucky to $1,699 at Lakewood Park Apartments.

Average Rent by Bedroom Type

Type	Avg Rent	Starting From	Units
Studio	$1,294/mo	$1,195/mo	8
1 Bed	$1,122/mo	$875/mo	57
2 Bed	$1,468/mo	$750/mo	47
3 Bed	$1,932/mo	$820/mo	13
4 Bed	$2,210/mo	$2,210/mo	1

Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.

Market Context

Who rents in Lexington, KY, and what they pay

Tracked one-bedroom rent in Lexington, KY averages $1,122/mo, with two-bedroom units averaging $1,468/mo. At the local median household income of $67,631, that works out to 24% of gross income, well within the 25 percent comfortable-rent threshold.

The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Lexington, KY at $1,101/mo. The current tracked market average runs 23% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Lexington, KY while the tracked market average covers units currently listed in larger apartment communities.

Who employs renters in Lexington

Demand in the Lexington rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:

University of Kentucky
Toyota Motor Manufacturing Kentucky
Lexmark

Mean one-way commute in Lexington, KY is 21 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.

What salary do I need to live comfortably in Lexington, KY?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$54,000/year

Based on the 30 percent rule, using our tracked average rent of $1,354/mo.

Comfortable income

$65,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($750/mo), you need to earn at least $30,000/year.

Median household income in Lexington, KY is $67,631 , about 4% above the comfortable-living threshold.

Cost of living in Lexington, KY

Overall prices in Lexington, KY runs below the national average by about 7% (BEA Regional Price Parity index 92.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lexington, KY's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,354	daily refresh
Utilities	$320	BLS × BEA RPP
Groceries	$510	BLS × BEA RPP
Transportation	$763	BLS × BEA RPP
Healthcare	$372	BLS × BEA RPP
Other goods and services	$595	BLS × BEA RPP
Estimated total	$3,914/mo	$46,970/year

Population

321,122

Median household income

$67,631

Census median rent

$1,101/mo

Rent as % of income

29.9%

Median age

35.2

Mean commute

21 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Compare

Nearby cities in Kentucky

How Lexington, KY rent compares to other markets in the state.

City	Avg Rent	vs Lexington, KY	Properties
Louisville, KY	$1,417	+5%	11

Frequently asked questions

What is the average rent in Lexington, KY?

The average rent in Lexington, KY is $1,354 per month, based on 126 units across 15 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.

What is the cheapest apartment rent in Lexington, KY?

The lowest available rent in Lexington, KY starts at $750 per month. Availability changes daily as leasing data is refreshed each morning.

How much is a 1-bedroom apartment in Lexington, KY?

1-bedroom apartments in Lexington, KY average $1,122/mo. The lowest listed 1-bedroom starts at $875/mo across 57 units tracked.

How much is a 2-bedroom apartment in Lexington, KY?

2-bedroom apartments in Lexington, KY average $1,468/mo. Units start from $750/mo across 47 units currently listed.

Rent Trends in Lexington, KY

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Average Rent in Lexington, KY

Rent Price Breakdown

Average Rent by Property

Starting Price vs Average

Rent by Bedroom Count

Price per Square Foot

Lexington, KY Rent Prices