The average monthly rent of apartments in Lexington, KY is $1,145.
The average monthly rent of apartments in Lexington, KY is $1,145.
About 43% of apartment rents in Lexington, KY range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 11% of apartments. Around 40% of Lexington’s apartments are in the $701-$1,000 price range. 3% of apartments are priced between $501-$700.
Compared to the national average rent of $1,706, the average rent in Lexington, KY is $1,145.
Prices and availability in Lexington, KY were last updated on 29 Nov 2022.
The average rent in Lexington, KY is $1,145. Start your search for apartments in Lexington, KY now.
The price range for a studio apartment in Lexington, KY is between $690 and $1,019. View all studio apartments in Lexington, KY.
The price range for a 1-bedroom apartment in Lexington, KY is between $725 and $2,520. Browse all available 1-bedroom apartments in Lexington, KY now.
The price range for a 2-bedroom apartment in Lexington, KY is between $780 and $3,068. Browse and find a 2-bedroom apartment in Lexington, KY.
The price range for a 3-bedroom apartment in Lexington, KY is between $750 and $3,635. Browse all available 3-bedroom apartments in Lexington, KY.
In Lexington 45% of the housing is rented out compared to 55% 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, 64% are located in smaller apartment complexes with less than 50 units, and 26% are single-family rentals.
The average age of rental buildings in Lexington is 36 years old, with 25% 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, 5% are mid-sized buildings, and 0.7% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in Lexington are around 4% of rentals, while 1-bedroom floor plans represent 42% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 45% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
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.
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 has a population of 323,472 according to the most recent data from the U.S. Census Bureau. 165,061 of Lexington’s residents are women and 158,411 are men. The median age of those who live in Lexington, KY is 37.2.
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.
According to U.S. Census data, there are 131,445 households in Lexington, KY. 74,925 are family households and 56,520 are non-family households. There are 36,890 households with children in Lexington and 94,555 households without children. On average, about 2.42 people live in a household 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.
The level of education of the population of Lexington, KY is as follows: 3% have no high school education, 26% completed some high school, 24% partially completed college, 7% have an Associate Degree, 24% have a Bachelor Degree, and 17% have a Graduate Degree.
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