What is the average apartment size in Lexington?

The average size for a Lexington, KY apartment is 899 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Lexington?

As of Jun / 2026, the average rent in Lexington is $1,383 per month, a 1.54% increase from last years average of $1,362.

How much does rent cost by apartment size in Lexington?

In Lexington, studios rent for $1,012 per month, one-bedroom units average $1,154 per month, two-bedrooms cost around $1,424 per month, and three-bedroom apartments rent for about $1,909 per month

What is the average apartment size in Lexington?

The typical apartment in Lexington offers about 899 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Lexington?

Studio apartments in Lexington average 434 sq. ft., one-bedrooms offer 705 sq. ft., two-bedrooms are about 1,011 sq. ft., and three-bedroom apartments average 1,307 sq. ft.

What are the most affordable neighborhoods in Lexington?

The most affordable neighborhoods in Lexington include Calumet ($901/month), Cardinal Valley ($962/month), and Green Acres - Hollow Creek - Breckinridge ($969/month), all below the citywide average of $1,383.

What are the most expensive neighborhoods in Lexington?

The most expensive neighborhoods in Lexington are Spindletop ($1,621/month), Hamburg ($1,699/month), and Chilesburg ($1,754/month), often due to premium locations and high-end amenities.

Lexington, KY Rental Market Trends

Q: What's the typical rent budget in Lexington?

The typical rent budget in Lexington ranges from $1,001 to $1,500 per month, with 51% of rentals in this range.

Q: Do most people rent or own in Lexington?

In Lexington, 46% of households rent while 54% own their homes, based on the latest U.S. Census data.

Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Lexington is $1,383, a 1.54% increase compared to the previous year, when the average rent was $1,362.

Studio Apartments at $1,012 offer the most budget-friendly option with 434 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 705 square feet for $1,154, balancing privacy and affordability.

Two-bedroom units at $1,424 offer 1,011 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,307 sq ft) for $1,909, suitable for larger households.

Average rent in Lexington, KY

Last updated: August 01, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,383	899 sq. ft.
Studio	$1,012	434 sq. ft.
1 Bed	$1,154	705 sq. ft.
2 Beds	$1,424	1,011 sq. ft.
3 Beds	$1,909	1,307 sq. ft.

Lexington, KY rent trends

What's the typical rent budget in Lexington, KY?

The largest share of rentals in Lexington, KY (51%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Lexington, KY?

64,578 or 46% of the households in Lexington, KY are renter-occupied while 75,324 or 54% are owner-occupied.

Most affordable neighborhoods in Lexington?

Calumet $901/month

Cardinal Valley $962/month

Green Acres - Hollow Creek - Breckinridge $969/month

All of these neighborhoods fall below the city wide average of $1,383/month.

Most expensive neighborhoods in Lexington?

Spindletop $1,621/month

Hamburg $1,699/month

Chilesburg $1,754/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Lexington, KY By Neighborhood

Neighborhood	Average Rent
Chilesburg	$1,754
Hamburg	$1,699
Spindletop	$1,621
Willow Oak	$1,600
Liberty	$1,452
Forest View	$1,431
Lakeview Estates	$1,422
Lansdowne - Merrick	$1,410
Hunters Point	$1,370
Andover	$1,358
Tanbark	$1,276
Pine Meadow	$1,248
Woodhill Park	$1,218
Oaks	$1,196
Southeastern Hills	$1,175
Chippendale Square	$1,173
Hartland	$1,152
Andover Estates	$1,102
Garden Springs	$1,080
Dove Creek	$1,072
Lansdowne	$1,027
Eastland Parkway	$998
Green Acres - Hollow Creek - Breckinridge	$969
Cardinal Valley	$962
Calumet	$901

Lexington | Rent Comparison by Neighborhood

Rent in Andover is 23% higher than in Andover Estates

$1,358

Andover rent is 2% lower than Lexington average

Average Rent $1,358

$1,102

Andover Estates rent is 20% lower than Lexington average

Average Rent $1,102

How Lexington Compares to Other Cities

City	Average Rent
Lexington	$1,383
Louisville	$1,338
Florence	$1,423
Burlington	$1,507
Newport	$1,552
Richmond	$993
Covington	$1,580
Ft Mitchell	$1,220
Independence	$1,395
Erlanger	$1,431
Elizabethtown	$1,261
Shelbyville, KY	$1,193
Frankfort	$1,040
Georgetown, KY	$1,447
Nicholasville, KY	$1,419

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lexington apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.