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Rental market trends in Lexington, KY

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Average Rent in Lexington, KY

Average Rent in Lexington, KY

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

Average Apartment Cost in Lexington, KY

The average rent for apartments in Lexington, KY, is between $1,352 and $1,612 in 2024. For a studio apartment in Lexington, KY, the average rent is $1,612. When it comes to 1-bedroom apartments, the average rent in Lexington, KY, is $1,352. For a 2-bedroom apartment, the average rent is $1,607.

Apartment Rent Ranges in Lexington, KY

Apartment PricesProportion
2%
13%
22%
27%
36%

Neighborhood Apartment Rent Trends in Lexington, KY

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--

How Other Cities Compare to Lexington, KY

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--

Lexington, KY Rent Trends

Studio1 Bed2 Beds
Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024
$1216$1271$1271$1296$1500$1500$1500$1500$1545$1547$1565$1595$1567
$1383$1347$1385$1333$1353$1347$1300$1280$1266$1269$1411$1354$1355
$1487$1500$1591$1499$1499$1442$1350$1429$1508$1499$1607$1593$1701
$1978$1877$1960$1862$1780$1910$1649$1659$1742$1762$1892$1910$1910

Neighborhood Information for Lexington, KY

What are the most affordable neighborhoods in Lexington, KY?

The most affordable neighborhoods in Lexington are William Wells Brown, where the average 1-bedroom apartment rent goes for $625, Cardinal Valley, where renters pay $650 on average for a 1-bedroom apartment, and Winburn, where the average 1-bedroom apartment rent goes for $740. If you're looking for other great deals, check out the listings in Garden Springs ($750 for a 1-bedroom apartment) or Eastland Parkway ($775 for a 1-bedroom apartment), compared to the $1,352 average for a Lexington 1-bedroom apartment.

What are the most expensive neighborhoods in Lexington, KY?

The most affordable neighborhoods in Lexington are Liberty Area, where the average 1-bedroom apartment rent goes for $1,652, Boone Creek, where renters pay $1,546 on average for a 1-bedroom apartment, and Bell Court, where the average 1-bedroom apartment rent goes for $1,300. If you're looking for other great deals, check out the listings in Lakewood Area ($1,212 for a 1-bedroom apartment) or Downtown ($1,195 for a 1-bedroom apartment), compared to the $1,352 average for a Lexington 1-bedroom apartment.

What are the most popular neighborhoods in Lexington, KY?

The most popular neighborhoods in Lexington are North Elizabeth Street, where the average 1-bedroom apartment rent goes for $895, Bell Court, where renters pay $1,300 on average for a 1-bedroom apartment, and Downtown, where the average 1-bedroom apartment rent goes for $1,195. If you're looking for other popular neighborhoods, check out the listings in Picadome ($895 for a 1-bedroom apartment) or Golf View Estates ($795 for a 1-bedroom apartment), compared to the $1,352 average for a Lexington 1-bedroom apartment.

Nearby Listings

  • The Wellington property

    $1,019+

    The Wellington

    1–2 Beds • 1 Bath

    704–840 Sqft

    Available 8/1

  • Bridle Creek Apartments property

    $1,130+

    Bridle Creek Apartments

    1–3 Beds • 1–2 Baths

    741–1218 Sqft

    10+ Units Available

  • Veridian of Lexington property

    $989+

    Veridian of Lexington

    1–2 Beds • 1–2 Baths

    662–950 Sqft

    Available 7/31

  • Colts Run Apartments property

    $1,176+

    Colts Run Apartments

    1–3 Beds • 1–2 Baths

    752–1398 Sqft

    2 Units Available

  • Forest View Apartments property

    $1,600

    Forest View Apartments

    1 Bed • 1 Bath

    638 Sqft

    1 Unit Available

  • Forty57 property

    $1,165+

    Forty57

    1–3 Beds • 1–2 Baths

    760–1497 Sqft

    Available 7/8