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Downtown apartments for rent - Lexington, KY

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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 6/18/2024

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Local Guide

See what Lexington, KY has to offer.

Demographics

Education

High School

21%

Associate's

29%

Bachelor's

37%

Master's

9%

Doctorate

4%

Family Size

2 people

72%

3 people

18%

4 people

9%

5 people

0%

6+ people

2%

Household Income

0-50k

69%

50-100k

16%

100-150k

6%

150-200k

4%

200k+

5%

Age

0-10

5%

10-20

4%

20-45

58%

45-65

22%

65+

11%

Affordability

Last updated 6/18/2024

*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 Downtown, 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 Downtown, 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 6/18/2024

Cost of Living

Compared to State Average

3%

Compared to National Average

9%

The cost of living in Downtown, Lexington, KY is 3% lower than the state average and 9% lower than the national average. Downtown, Lexington, KY housing is 24.5% less expensive than the U.S average, while utilities are about 0.1% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 1% more in Downtown, Lexington, KY than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 14.4% less here compared to the U.S. average.
Cost of Living in Downtown, Lexington, KYCompared to State AverageCompared to National Average
Housing
3.1%
24.5%
Utilities
6.9%
0.1%
Food
2.1%
1%
Transportation
4.5%
7.1%
Healthcare
16.3%
14.4%

Compare Other Cities

CityStudio Avg RentAnnual Change
Richmond$2,500--
Lexington$1,612+36%
Frankfort$637+23%
City1 Bed Avg RentAnnual Change
Lexington$1,352+4%
Georgetown$1,075+9%
Frankfort$785+9%
Shelbyville$765+7%
Richmond$725+7%
Stanford$450--
City2 Beds Avg RentAnnual Change
Lexington$1,607+9%
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 Gratz Park at $1,050. 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 Picadome. 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. Picadome offers similar appeal with 1-bedroom apartments averaging $895. For those seeking other popular areas, Golf View Estates presents 1-bedroom apartments at $795, and William Wells Brown at $625. 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
Lakewood Area$1,212+22%
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

Commute Time

0-15 Mins

46%

15-30 Mins

38%

30-40 Mins

9%

40-60 Mins

5%

60+ Mins

1%

Transportation Scores

Percentage: 9494

Walk Score®

Percentage: 8585

Bike Score®

Percentage: 5656

Transit Score®

Area Amenities

Top Score

Nightlife

3/5 stars based on undefined reviews

Happy hour starts at six around here.

  1. A high number of bars and clubs per resident
  2. 94% more bars and clubs than average
  3. 65% more bars and clubs 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. A high number of restaurants per resident
  2. 80% more restaurants than average
  3. 10% more restaurants than areas of a similar size

Coffee

2.5/5 stars based on undefined reviews

Not too cold, not too hot. An average town for coffee.

  1. A high number of coffee shops per resident
  2. 87% more coffee shops than average
  3. 16% more coffee shops than areas of a similar size

Childcare

2.5/5 stars based on undefined reviews

Downtown Lexington is taking baby steps toward having ample childcare options.

  1. A high number of daycares per resident
  2. 84% more daycares than average
  3. 33% more daycares than areas of a similar size

Theaters

2.5/5 stars based on undefined reviews

Downtown Lexington sits in the middle of the pack for theater.

  1. A high number of theaters per resident
  2. 94% more theaters than average
  3. 67% more theaters than areas of a similar size

Fine Arts

2.5/5 stars based on undefined reviews

It's just about fine for fine art. An average score.

  1. A high number of fine art centers per resident
  2. 94% more fine art centers than average
  3. 80% more fine art centers than areas of a similar size

Grocery Stores

2/5 stars based on undefined reviews

The food shops around here are few and far between.

  1. Few grocery stores per resident
  2. An average number of grocery stores
  3. A standard number of grocery stores compared to areas of a similar size

Parks

2/5 stars based on undefined reviews

Not too many park perks in Downtown Lexington.

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Retail Shops

2/5 stars based on undefined reviews

The retail inventory is low in Downtown Lexington.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Health and Fitness

2/5 stars based on undefined reviews

You'll have to workout somewhere else to keep fit.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Pet Services

2/5 stars based on undefined reviews

Downtown Lexington could do with more oppawtunities for pets.

  1. Few pet facilities per resident
  2. An average number of pet facilities
  3. A standard number of pet facilities compared to areas of a similar size

Amusement Parks

2/5 stars based on undefined reviews

In need of a lift: Downtown Lexington is light on amusement parks.

  1. Few amusement parks per resident
  2. An average number of amusement parks
  3. A standard number of amusement parks compared to areas of a similar size

Hospitals

2/5 stars based on undefined reviews

Be patient when looking for a hospital around here.

  1. Few hospitals per resident
  2. An average number of hospitals
  3. A standard number of hospitals compared to areas of a similar size

Medical Care

2/5 stars based on undefined reviews

We have a bone to pick with this Downtown Lexington's access to medical care.

  1. A high number of medical facilities per resident
  2. 58% more medical facilities than average
  3. Far fewer medical facilities than areas of a similar size

Gas Stations

2/5 stars based on undefined reviews

Honk if you see a gas station.

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

Schools

Top Schools in Downtown Lexington

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

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Lexington, KY 0.3 miles$1,352$1,607
Georgetown, KY 11.8 miles$1,075$1,212
Richmond, KY 23.4 miles$725$850
Nicholasville, KY 12.2 miles---$1,100
Frankfort, KY 23.1 miles$785$885
Versailles, KY 12.8 miles---$900
Winchester, KY 17.6 miles---$1,100
Paris, KY 17.4 miles---$950
Lawrenceburg, KY 21.8 miles------
Harrodsburg, KY 27.3 miles------

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Historic South Hill 0.4 miles------
Aylesford Place 0.7 miles---$1,400
Bell Court 0.7 miles$1,300$1,600
North Elizabeth Street 1.3 miles$895---
William Wells Brown 0.9 miles$625$675
North Limestone 1.1 miles$815$975
Chevy Chase 1.7 miles------
Liberty Heights 1.4 miles$975$975
Georgetown 1.5 miles---$1,200