Lexington Apartments and Rentals

Lexington apartments for rent are an excellent way to join the more than 300,000 people already living in the city's 283 square miles. The city of Lexington is officially known as the Lexington-Fayette Urban County and is the second largest city in the state of Kentucky. Lexington is known as the Horse Capital of the World and for good reason. There are more than 450 horse farms in Lexington, and there are more thoroughbred horse farms here than in any other place around the globe. Lexington's other nickname,  "Thoroughbred City," even further serves to highlight the vital role horses have played in the evolution of the city, its economy and overall community.

The well-known historic figure Daniel Boone was among the first group of men to explore the territory that is known as Bluegrass Country. While it was settled in 1775, when the American Revolution broke out, the establishment of the city was delayed. Settlers made an effort toward establishing a permanent community by setting up camps, and in 1780, the Kentucky District was divided into three counties. In 1781, Lexington became incorporated as a town and took the county seat of Fayette County.

Lexington is known as the first city in the United States to establish an urban service boundary in an effort to protect the countryside. Lexington apartments give residents the city life in the midst of the country, and Lexington has been nicknamed "the city in the park" for being surrounded by the many horse farms that are park-like in nature.

City-Data revealed that in Lexington, horses are a billion-dollar industry. One of the reasons Lexington is so perfectly suited for horse breeding, raising and training is Lexington's climate. The moderate climate found here, combined with the lush grasses and limestone help make this billion dollar industry successful. In addition to horse breeding, the horseracing industry attracts millions of tourists and helps feed the local economy.

Professionals involved in this top industry can find Lexington apartments to be attractive options. As horseracing does require a bit of travel, a rental could be the perfect way to live in the city.

The University of Kentucky and the Bluegrass Community and Technical College can be found here as well. The University of Kentucky enrolls more than 26,000 students while Bluegrass Community and Technical College boasts a student population of 12,143.

According to information collected by the U.S. Census Bureau in the 2006 American Community Survey, Lexington rentals in the official area of Lexington-Fayette had a vacancy rate of 10.7 percent. Approximately 35 percent of all renters fall into the gross rent range of $500 to $749. More than 76 percent of total renters fall in the broader range of $300 to $999. Furthermore, more than 37 percent of all renters report spending 35 percent or more of household income on gross rental costs.

City-Data information revealed that in March 2012, the cost of living in Lexington-Fayette was assigned a value of 90.3 points, which is 9.7 points less than the national average of 100. This means that it is nearly 10 percent less expensive to live in Lexington than the rest of the country on average.

You can't come to the horse capital of the world without seeing a few horses. A popular outing for many visitors and residents are Horse Farm Tours to explore the four-legged stars of the area. Another fun local attraction is the American Saddlebred Museum.

Downtown Lexington is not only a great place to find a Lexington rental, but it is also a thriving business district of the city, teeming with historical and cultural attractions. The downtown area is a popular destination as it is filled with historical buildings and homes that are consistently going under renovation. Here you will find many restaurants, specialty shops and galleries that contribute to the vibrant nightlife scene.

Rent.com® can help you get settled in a Lexington apartment. Look through our rental listings and find the perfect home for your needs.