Apartments for Rent in Lexington, KY

The best apartments in Lexington, KY are: Merrick Place, Rivers at Bluegrass, Patchen Place, The Racquet Club Apartments and Parkside Heights.

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

The price range for a studio apartment in Lexington, KY is between $850 and $1,025.

The price range for a 1-bedroom apartment in Lexington, KY is between $700 and $2,912.

The price range for a 2-bedroom apartment in Lexington, KY is between $805 and $4,053.

The price range for a 3-bedroom apartment in Lexington, KY is between $1,000 and $4,343.

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 25% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lexington are about 36 years old, on average. Of these, 30% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 95% of the rental communities here are low-rise, garden-style communities, 4% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.