Last updated
Average Rent in Lexington, KY & Rent Trends
Rent prices and market trends across 10 apartment communities in Lexington, KY. Updated daily.
Market Average
$1,695/mo
▲ +2.9% from last month
Lowest Available
$804/mo
cheapest unit on market
Communities
10
tracked daily
Units Listed
26
available now
Price Cuts This Week in Lexington, KY
4 listed units across 2 buildings offering 3 bed units in Lexington, KY dropped their asking rent in the past 7 days, an average cut of $100/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Bluegrass Rental Properties | Unit 110 | $2,095 | $1,995 | $100 |
| Bluegrass Rental Properties | Unit 97cfee2c-61ad-4223-8071-d507b928ee17 | $1,395 | $1,295 | $100 |
| UKMVP | Unit 110 | $2,095 | $1,995 | $100 |
| UKMVP | Unit 97cfee2c-61ad-4223-8071-d507b928ee17 | $1,395 | $1,295 | $100 |
Rent by Neighborhood in Lexington, KY
Compare average rent across Lexington, KY neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Lexington 40502 | $1,957 | ▲ $78 | $999 | 3 | 123 |
| Lexington 40509 | $1,803 | ▲ $56 | $1,118 | 1 | 41 |
| Lexington 40511 | $1,632 | ▼ $30 | $1,203 | 4 | 39 |
| Martin Luther King | $1,595 | ▲ $76 | $1,395 | 1 | 4 |
| Pine Meadow | $1,325 | ▲ $53 | $995 | 4 | 78 |
| Lexington 40508 | $1,176 | ▼ $16 | $739 | 6 | 29 |
Is Rent Going Up or Down in Lexington, KY?
As of July 2026, the average rent in Lexington, KY is $1,695 per month across 10 apartment communities and 26 available units. Rents have increased $43 (2.9%) over the past month.
The most affordable option is Newtown Crossing starting at $804/mo. By unit type, a 3-bedroom averages $1,695/mo.
Prices range from $804 to $2,495 per month. The most common price point is the $1,600 range, where 9 units are currently listed.
Lexington, KY Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,403 | - | 7 |
| June 2026 | $1,473 | +$70 | 8 |
| July 2026 | $1,477 | +$4 | 10 |
Rent Price Distribution
Rent by Bedroom Type in Lexington, KY
Rent Prices by Apartment in Lexington, KY
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Newtown Crossing | $804/mo | $842/mo | 3 | 4 |
| Limestone Square/Medical Villas Apartments | $820/mo | $828/mo | 2 | 4.3 |
| Hub Lexington | $1,245/mo | $1,245/mo | 1 | 4.1 |
| Lakewood Park Apartments | $1,719/mo | $1,814/mo | 8 | 4.3 |
| Preserve Lexington | $1,720/mo | $1,720/mo | 3 | 3.8 |
| Midtown Apartments | $1,770/mo | $1,770/mo | 1 | 4.2 |
| Bluegrass Rental Properties | $1,845/mo | $1,845/mo | 1 | 4.1 |
Frequently Asked Questions About Rent in Lexington, KY
What is the average rent in Lexington, KY?
Is rent going up or down in Lexington, KY?
What is the cheapest apartment in Lexington, KY?
How many apartments are available in Lexington, KY?
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
$68,000/year
Based on the 30 percent rule, using our tracked average rent of $1,695/mo.
Comfortable income
$81,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($804/mo), you need to earn at least $32,000/year.
Median household income in Lexington, KY is $67,631 , about 17% below 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 |
|---|---|
| Rent (market average) | $1,695 |
| Utilities | $320 |
| Groceries | $510 |
| Transportation | $763 |
| Healthcare | $372 |
| Other goods and services | $595 |
| Estimated total | $4,255/mo |
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.
Google Search Trends for Lexington, KY Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Lexington, KY Apartments
Browse all 10 communities with daily-updated pricing and availability.