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Lexington, KY Apartments For Rent

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Lexington Apartments Options

Average Rent in Lexington, KY

Avg. RentAnnual Change
Lexington Studio - $1,612+36%
Lexington 1 Bed - $1,352+4%
Lexington 2 Beds - $1,607+9%
Last updated 6/17/2024

Local Guide

See what Lexington, KY has to offer.

Local Reviews

Everyone is so felreindly. We have a great HOA Board of Directors. And we love all the parties they have for the kids during the holidays.

Nothing now. Use to be that hardly anyone knew it existed. Favorite local business is tire discounters. I like going into downtown and eating with friends and family.

I love the schools for my neighborhood. Feel safe for kids to ride bikes all throughout neighborhood. Good sidewalks for walking

I know my neighbors by name. They are all friendly and we have actual conversation. It's close to everything, but tucked away.

Its out in the country. There is a lot of wild animals to watch walk around out side. You can talk long walks out back

I like the community. I also like the diversity and the availability of aa meetings. The art work in the neighborhood is unique. My favorite restaurant in Malones. Also like going to the Fayette mall.

Affordability

Percentage: 3/53/5

Renters gave this area a 3 out of 5 for affordability

Last updated 6/17/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Lexington, KY

In Lexington, KY, as of 2024, the average rent for apartments ranges from $1,352 to $1,612. Specifically, the average rent for a studio apartment in Lexington, KY is $1,612. For those seeking a 1-bedroom apartments, the average rent is $1,352. And for a 2-bedroom apartment, renters can expect to pay an average of $1,607.

Annual Rent Change Over the Past 12 Months

Studio

+36%

Changed from $1,185 to $1,612
1 Bed

+4%

Changed from $1,300 to $1,352
2 Beds

+9%

Changed from $1,474 to $1,607
Last updated 6/17/2024

Rent Ranges

Apartment PricesProportion
2%
13%
22%
28%
36%

Compare Other Cities

City1 Bed Avg RentAnnual Change
Georgetown$1,075+9%
Frankfort$785+9%
Shelbyville$765+7%
Richmond$725+7%
Stanford$450--
City2 Beds Avg RentAnnual Change
Mount Sterling$1,300--
Georgetown$1,212+11%
Clay City$1,200--
Nicholasville$1,100+7%
Winchester$1,1000%
Danville$1,100--
Shelbyville$1,0150%
Paris$950--
Versailles$900--
Frankfort$885+6%
Richmond$850+10%
Berea$800--
Stanford$450--

Compare Neighborhoods

William Wells Brown

$625

1 Bed Avg. Rent

Cardinal Valley

$650

1 Bed Avg. Rent

Winburn

$740

1 Bed Avg. Rent

What are the most affordable neighborhoods in Lexington, KY?

For renters in Lexington seeking more affordable options, the neighborhoods to watch are William Wells Brown, Cardinal Valley, and Winburn, where average rents for 1-bedroom apartments stand at $625, $650, and $740 respectively. Additional areas offering value are Garden Springs and Eastland Parkway, where the rents are $750 and $775, a favorable comparison to Lexington's overall 1-bedroom average of $1,352.

What are the most expensive neighborhoods in Lexington, KY?

In Lexington, the neighborhoods commanding the highest rents are Liberty Area, Boone Creek, and Bell Court. A 1-bedroom apartment in Liberty Area averages at $1,652, in Boone Creek it averages $1,546, and in Bell Court, the average is $1,300. For additional high-end living options, Lakewood Area offers 1-bedroom apartments at $1,212, and Downtown at $1,195. These rates compare to the overall average rent of $1,352 for a 1-bedroom apartment in Lexington, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Lexington, KY?

In Lexington, the most sought-after neighborhoods for renters include North Elizabeth Street, Bell Court, and Downtown. In North Elizabeth Street, the average rent for a 1-bedroom apartment is $895. Bell Court sees average rents of $1,300 for a 1-bedroom unit. Downtown offers similar appeal with 1-bedroom apartments averaging $1,195. For those seeking other popular areas, Picadome presents 1-bedroom apartments at $895, and Golf View Estates at $795. These prices are set against the backdrop of the city-wide average of $1,352 for a 1-bedroom apartment in Lexington, underscoring the popularity of these particular neighborhoods.

Neighborhood1 Bed Avg RentAnnual Change
Bell Court$1,300+8%
Lakewood Area$1,212+22%
Downtown$1,195--
Gratz Park$1,050+5%
Liberty Heights$975--
Gardenside$925--
North Elizabeth Street$895--
Picadome$895--
Idle Hour Neighbors$895--
North Upper Street$875+3%
Woodward Heights$850--
Tates Creek$849+14%
North Limestone$815+21%
Calumet$800--
Masterson Station$800--
Golf View Estates$795--
Eastland Parkway$775--
Dixie Plantation$775--
Garden Springs$750--
Winburn$7400%
Cardinal Valley$6500%
William Wells Brown$625--
Neighborhood2 Beds Avg RentAnnual Change
Bell Court$1,600--
Boone Creek$1,499+5%
Aylesford Place$1,400+70%
Gratz Park$1,400--
Picadome$1,350-2%
Lakewood Area$1,260+1%
Lansdowne$1,250--
Georgetown$1,200--
Masterson Station$1,100--
Gardenside$1,075--
North Upper Street$975--
North Limestone$975--
Liberty Heights$975--
Eastland Parkway$9500%
Garden Springs$950--
Southeastern Hills$950--
Dixie Plantation$950+6%
Tates Creek$949+15%
Calumet$912--
Winburn$8990%
Cardinal Valley$850--
William Wells Brown$675--

Transportation

Transportation Scores

Percentage: 5353

Walk Score®

Walkable

No

Say 57 of 89 renters

Has Sidewalks

Yes

Say 62 of 89 renters

Percentage: 5656

Bike Score®

Bike Friendly

Yes

Say 54 of 89 renters

Percentage: 3333

Transit Score®

They Are Located Near Public Transportation

No

Say 54 of 89 renters

Need A Car

No

Say 74 of 89 renters

Area Amenities

Top Score

Coffee

3/5 stars based on undefined reviews

Things are heating up. Lexington gets a solid score for coffee.

  1. Few coffee shops per resident
  2. Significantly more coffee shops than average
  3. 5% fewer coffee shops than areas of a similar size

Pet Services

3/5 stars based on undefined reviews

It's pawsible that your pets will fall in love with Lexington.

  1. Few pet facilities per resident
  2. Significantly more pet facilities than average
  3. 26% more pet facilities than areas of a similar size

Fine Arts

3/5 stars based on undefined reviews

Lexington has the right frame of mind for art.

  1. Few fine art centers per resident
  2. Significantly more fine art centers than average
  3. A standard number of fine art centers compared to areas of a similar size

Medical Care

3/5 stars based on undefined reviews

More of a gem than germ, this Lexington is not too bad for medical care.

  1. Few medical facilities per resident
  2. Significantly more medical facilities than average
  3. 72% more medical facilities than areas of a similar size

Grocery Stores

2.5/5 stars based on undefined reviews

Not bad on the supermarket score. Lexington gets an average rating.

  1. Few grocery stores per resident
  2. Significantly more grocery stores than average
  3. 16% more grocery stores than areas of a similar size

Restaurants

2.5/5 stars based on undefined reviews

An average foodie scene: not too cold and not too hot.

  1. Few restaurants per resident
  2. Significantly more restaurants than average
  3. 11% fewer restaurants than areas of a similar size

Nightlife

2.5/5 stars based on undefined reviews

Nightlife is on the rocks in Lexington.

  1. Few bars and clubs per resident
  2. Significantly more bars and clubs than average
  3. 18% more bars and clubs than areas of a similar size

Parks

2.5/5 stars based on undefined reviews

There's fresh air to be had here.

  1. Few parks per resident
  2. Significantly more parks than average
  3. 27% fewer parks than areas of a similar size

Retail Shops

2.5/5 stars based on undefined reviews

The shopping scene here is a size medium.

  1. Few shops per resident
  2. Significantly more shops than average
  3. 10% fewer shops than areas of a similar size

Health and Fitness

2.5/5 stars based on undefined reviews

Cardio is hale and hardy in Lexington.

  1. Few gyms per resident
  2. Significantly more gyms than average
  3. 14% fewer gyms than areas of a similar size

Gas Stations

2.5/5 stars based on undefined reviews

The road is less traveled for filling the tank up in Lexington.

  1. Few gas stations per resident
  2. Significantly more gas stations than average
  3. A standard number of gas stations compared to areas of a similar size

Area Features

Area Has Litter

No

Say 81 of 89 renters

Good Place To Raise A Family

Yes

Say 78 of 89 renters

Area Has Potholes

No

Say 76 of 89 renters

Busy Streets

No

Say 74 of 89 renters

Noise Late At Night

No

Say 73 of 89 renters

Pet Friendly

Yes

Say 71 of 89 renters

Area Has Kids Play Outside

Yes

Say 70 of 89 renters

Safe For Families

Yes

Say 67 of 89 renters

Near Grocery Stores

Yes

Say 61 of 89 renters

Quiet Area

Yes

Say 60 of 89 renters

Maintained Yards

Yes

Say 58 of 89 renters

Mostly Older Buildings

No

Say 54 of 89 renters

Near Schools

Yes

Say 54 of 89 renters

Nearby Parks

Yes

Say 48 of 89 renters

Well Lit

Yes

Say 46 of 89 renters

Tree Lined Streets

No

Say 53 of 89 renters

Near Highways

No

Say 63 of 89 renters

Near Downtown

No

Say 64 of 89 renters

Nice Views

No

Say 64 of 89 renters

Mostly Newer Buildings

No

Say 68 of 89 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Lexington

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

About

Lexington, KY

Overview of Lexington

Lexington apartments for rent offer prospective residents the perfect opportunity to become part of this 295,800 person city. Lexington was founded in 1775 by William McConnell and a group of explorers approximately 17 years before Kentucky became a state. Lexington is named after the first battle fought by in the American Revolution, which took place in Lexington, Mass. The settlers decided on the name to honor the soldiers who fought.

Living in Lexington

Lexington apartments for rent offer horse lovers the ideal location to breed, ride and board their beautiful creatures, as the city is known as the Horse Capital of the World. Lexington residents enjoy the many amenities the big city has to offer, with the perks of a tight knit community you'd usually find in a small town. Residents can experience the history of Lexington on a daily basis thanks to the many old historic building that are still intact. These buildings have been turned into small businesses, churches and houses.

Living in downtown Lexington apartments offers easy access to some of the city's finest restaurants, shopping, art galleries, parks and sports complexes thanks to the city's walkability. Victorian Square and the Shops at Lexington Center offer a variety of of unique Parisian boutique shops, souvenirs, antiques, fine chocolates and handmade items to fit every need and budget. Entertainment lovers enjoy attending the Rupp Arena to cheer on the Kentucky University men's basketball team. Opera fans can enjoy a bit of old world culture at the original Lexington Opera House, which was built in 1886 and renovated in 1976.

The city of Lexington operates 73 buses available to the public. The Lextran system includes a University of Kentucky campus shuttle service to help students get around campus and the greater Lexington area.

Lexington Apartments and Cost of Living

Lexington apartments for rent are attainable for low and moderate income families thanks to the city's housing authority. The Lexington Housing Authority provides affordable housing solutions to individuals and families in need as well as financial assistance. The program currently supports more than 2,500 families and individuals in need throughout the Lexington-Fayette Urban County.

The cost of living for those living in apartments in Lexington is equal to the state index and is 8.3 percent less than the nation's average cost of living. Lexington residents pay an average of $3.46 for a gallon of gas, $4.48 for a cup of coffee and $10.00 for pizza, according to AreaVibes.

Apartments in Lexington Work and Study

Lexington apartments offer an alternative housing solution for college and university students who do not want to live in a dorm room. The city's public bus transportation system makes it easy to get to school, work and back home.

The top industries in Lexington are horse breeding and horse racing, followed by agriculture, education and sports. The top employers of Lexington include the University of Kentucky, Toyota Motor Manufacturing, Fayette Co. Public Schools and the Lexington-Fayette Urban County Government.

Lexington Neighborhood Guides

If you're trying to find the best neighborhood that meets your needs, checkout our Lexington neighborhood guides. These guides walk you though what its like to live in these neighborhoods


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Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Georgetown, KY 11.5 miles$1,075$1,212
Richmond, KY 23.7 miles$725$850
Frankfort, KY 22.8 miles$785$885
Nicholasville, KY 12.3 miles---$1,100
Versailles, KY 12.5 miles---$900
Winchester, KY 17.9 miles---$1,100
Lawrenceburg, KY 21.6 miles------
Paris, KY 17.4 miles---$950
Midway, KY 12.2 miles------
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