Apartments for Rent in Lexington, KY (with reviews & photos)

Q: What are the best apartments in Lexington, KY?

The best apartments in Lexington, KY are: Merrick Place , Patchen Oaks Apartments , Tates Creek Crossings , Ironwood Apartment Homes and Park Thirty99 .

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Apartments in 40509

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Average rent in Lexington, KY

$1,162/mo Lexington, KY average rental price, February 2023

The average monthly rent of apartments in Lexington, KY is $1,162.

Lexington, KY apartment rent ranges

About 46% of apartment rents in Lexington, KY range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 10% of apartments. Around 37% of Lexington’s apartments are in the $701-$1,000 price range. 3% of apartments are priced between $501-$700.

Lexington, KY rent trends

Check out the average rent prices in Lexington by neighborhood.

Compared to the national average rent of $1,702, the average rent in Lexington, KY is $1,162.

Getting around in Lexington, KY

49 /100

Car-Dependent

33 /100

Some Transit

32 /100

Somewhat Bikeable

Walk Score®: 49, Transit Score®: 33, Bike Score®: 32

Frequently asked questions

When were prices and availability in Lexington, KY last updated?

Prices and availability in Lexington, KY were last updated on 30 Mar 2023.

What are the best apartments in Lexington, KY?

The best apartments in Lexington, KY are: Merrick Place, Patchen Oaks Apartments, Tates Creek Crossings, Ironwood Apartment Homes and Park Thirty99.

What is the average rent in Lexington, KY?

The average rent in Lexington, KY is $1,162. Start your search for apartments in Lexington, KY now.

What is the price range for a studio apartment in Lexington, KY?

The price range for a studio apartment in Lexington, KY is between $740 and $1,019. View all studio apartments in Lexington, KY.

What is the price range for a 1-bedroom apartment in Lexington, KY?

The price range for a 1-bedroom apartment in Lexington, KY is between $700 and $3,040. Browse all available 1-bedroom apartments in Lexington, KY now.

What is the price range for a 2-bedroom apartment in Lexington, KY?

The price range for a 2-bedroom apartment in Lexington, KY is between $780 and $3,726. Browse and find a 2-bedroom apartment in Lexington, KY.

What is the price range for a 3-bedroom apartment in Lexington, KY?

The price range for a 3-bedroom apartment in Lexington, KY is between $725 and $3,783. Browse all available 3-bedroom apartments in Lexington, KY.

What type of rental buildings are in Lexington, KY?

In Lexington 46% of the housing is rented out compared to 54% of homes are owned, according to the most recent Census Bureau estimates. 9% 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 26% are single-family rentals.

What do typical apartment communities look like in Lexington, KY?

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, 25% 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, 5% are mid-rises, and 0.7% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Lexington, KY?

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 45% 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.

Living in Lexington, KY

As a historical mid-sized city in Kentucky, Lexington has some truly fun aspects to it, including some of the best bourbon in the world. Lexington is the perfect place to be for horse racing fans, due to the Kentucky Derby that takes place there each year and attracts many people from across the nation. As the second-largest city in Kentucky and part of Fayette County, you can find there a huge music scene where old school bluegrass rules. Lexington also offers plenty of culture and entertainment options for renters to explore, along with BBQ restaurants, coffee shops and museums that highlight history and art. The Aviation Museum of Kentucky and the Headley Whitney Museum are two of the most popular ones in the area. Lexington’s climate is fairly seasonal, but the winters tend to be shorter. The summers are hot and humid, going up into the high 80s.

Renting in Lexington, KY

Lexington has a balanced population of homeowners and renters. Rental options in Lexington range from high-rise buildings in downtown and luxury apartment communities in other areas around the city. For renters who are on a budget, affordable options include two- and three-bedroom apartments are highly popular among families seeking access to the highly rated Fayette County School District. Lexington’s most walkable neighborhoods are the popular Historic South Hill and Aylesford Place-Woodland Park. These areas offer renters easy access to local shops, grocery stores and restaurants. The medical centers and horse racing industries employ many people who rent there. In addition, renters enjoy shorter commutes around the area and especially into downtown Lexington.

Lexington, KY demographics

320,596Total Population
162,879 Female

157,716 Male
37Median Age

Lexington, KY has a population of 320,596 according to the most recent data from the U.S. Census Bureau. 162,879 of Lexington’s residents are women and 157,716 are men. The median age of those who live in Lexington, KY is 37.

Shopping in Lexington, KY

There are plenty of shopping options all around Lexington. For a non-traditional indoor mall, renters go to The Square, which is right near downtown and features art galleries and an Urban Outfitters, along with elegant restaurants like Tony’s Steaks and Seafood. Another indoor mall with anchor department stores is Fayette Mall, which houses brand names like Macy’s, Dillard’s and Dick’s Sporting Goods, as well as a dining food court and plenty of chain stores. Fayette Mall is also the largest mall in the entire state of Kentucky. For grocery shopping, renters have access to stores like Kroger, Meijer and Whole Foods Market. In addition, there are three Walmart Supercenters in the area, a Sam’s Club and a Costco.

Lexington, KY households

75,516 Family

59,102 Non-family
36,980 Children

97,638 No Children

134,618Total Number of Households
2.39Average People Per Household
$69,738Median Household Income

According to U.S. Census data, there are 134,618 households in Lexington, KY. 75,516 are family households and 59,102 are non-family households. There are 36,980 households with children in Lexington and 97,638 households without children. On average, about 2.39 people live in a household in Lexington, KY.

Transportation in Lexington, KY

The public transportation system in Lexington is the affordable Lextran, a network of buses that run throughout the city along many of the major roads. There is a Greyhound bus station on the north side of town. Many renters also use on-demand apps like Lyft and Uber to get around the city. Miller’s Transportation offers rides from downtown Lexington to Louisville, another large city that is located about 75 miles away via Interstate 64. For air travel, the nearby Blue Grass Airport mainly operates domestic flights.

Lexington, KY education statistics

The level of education of the population of Lexington, KY is as follows: 3% have no high school education, 25% completed some high school, 23% partially completed college, 7% have an Associate Degree, 25% have a Bachelor Degree, and 17% have a Graduate Degree.

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RentCafe is your one-stop shop for finding a great new apartment in Lexington, KY. Easily search through a wide selection of apartments for rent in Lexington, KY, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Lexington, KY apartments with rents starting from $500 and submit your rental application today!

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Apartments for Rent in Lexington, KY 350 Rentals Available

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