Apartments for Rent in Lexington, KY

Prices and availability in Lexington, KY were last updated on 3 Aug 2026.

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

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 $3,238.

The price range for a 2-bedroom apartment in Lexington, KY is between $845 and $4,083.

The price range for a 3-bedroom apartment in Lexington, KY is between $1,050 and $3,783.

In Lexington, 46% of the residents are renting compared to 54% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Lexington's rentals, 65% are small-scale complexes with under 50 units, and 24% 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.