Apartments for Rent in Lexington, KY

Prices and availability in Lexington, KY were last updated on 23 Jun 2026.

The best apartments in Lexington, KY are: Merrick Place, Waterstone at Hamburg Apartments, The Racquet Club Apartments, Tates Creek Crossings and Thoroughbred Crossing.

The average rent in Lexington, KY is $1,311.

The price range for a studio apartment in Lexington, KY is between $850 and $1,550.

The price range for a 1-bedroom apartment in Lexington, KY is between $700 and $3,146.

The price range for a 2-bedroom apartment in Lexington, KY is between $805 and $4,008.

The price range for a 3-bedroom apartment in Lexington, KY is between $1,000 and $4,698.

In Lexington 46% of the housing is rented out compared to 54% of homes are owned, according to the most recent Census Bureau estimates. 10% of Lexington's apartments are found in large buildings of 50 units or more, 65% are located in smaller apartment complexes with less than 50 units, and 24% are single-family rentals.

The average age of rental buildings in Lexington is 36 years old, with 30% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 4% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Lexington come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 44% of all rentals in Lexington. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.