Lexington, KY Rental Market Trends
Highlights
The average rent for an apartment in Lexington is $874, a 2% increase compared to the previous year, when the average rent was $859.
Studio apartments in Lexington rent for $582 a month, while 1-bedroom apartments ask on average $717 a month; the average rent for a 2-bedroom apartment is $885.
Average Rent in Lexington, KY
Last updated May 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $874 | $582 | $717 | $885 | $1,165 |
| Y-o-Y Change | 2% | 3% | 3% | 2% | 1% |
| Average Apartment Size | 906 sq. ft. | 402 sq. ft. | 691 sq. ft. | 992 sq. ft. | 1,302 sq. ft. |
The average size for a Lexington apartment is 906 square feet, but this number varies greatly depending on apartment type. A studio averages 402 sq. ft., while a one-bedroom apartment offers a more generous square footage: 691. 2-bedroom apartments in Lexington have an average size of 992 sq. ft.
Lexington, KY Apartment Rent Ranges
- < $50026%
- $501-$70058%
- $701-$1,00015%
Lexington, KY Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| May / 2018 | $874 | $582 | $717 | $885 | $1,165 |
| Sept / 2017 | $874 | $571 | $716 | $888 | $1,174 |
| May / 2017 | $883 | $571 | $720 | $897 | $1,184 |
| Jan / 2017 | $859 | $565 | $697 | $870 | $1,153 |
| Sept / 2016 | $855 | $517 | $694 | $865 | $1,156 |
| May / 2016 | $851 | $505 | $689 | $868 | $1,147 |
| Jan / 2016 | $839 | $514 | $674 | $851 | $1,136 |
| Sept / 2015 | $831 | $502 | $673 | $845 | $1,124 |
| May / 2015 | $853 | $542 | $684 | $863 | $1,144 |
| Jan / 2015 | $856 | $542 | $689 | $864 | $1,139 |
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Average Rent in Lexington, KY By Neighborhood
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| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | All rentals | Studio | 1 Bed | 2 Beds | 3 Beds |
| Radcliffe - Malboro | $629 | $539 | $589 | $689 | $850 |
| Meadows - Loudon | $629 | $539 | $589 | $689 | $850 |
| Meadow Park | $629 | $539 | $589 | $689 | $850 |
| Joyland | $629 | $539 | $589 | $689 | $850 |
| Elkhorn Park | $629 | $539 | $589 | $689 | $850 |
| Eastland Parkway | $629 | $539 | $589 | $689 | $850 |
| Castlewood | $629 | $539 | $589 | $689 | $850 |
| Bryan Station | $629 | $539 | $589 | $689 | $850 |
| West Gardenside | $700 | $605 | $596 | $750 | $799 |
| The Lane | $700 | $605 | $596 | $750 | $799 |
| The Colony | $700 | $605 | $596 | $750 | $799 |
| Saddle Club | $700 | $605 | $596 | $750 | $799 |
| Pine Meadow | $700 | $605 | $596 | $750 | $799 |
| Holiday Hills & Valley Heights | $700 | $605 | $596 | $750 | $799 |
| Headley Green | $700 | $605 | $596 | $750 | $799 |
| Golview Estates | $700 | $605 | $596 | $750 | $799 |
| Gardenside | $700 | $605 | $596 | $750 | $799 |
| Garden Springs | $700 | $605 | $596 | $750 | $799 |
| Cardinal Valley | $700 | $605 | $596 | $750 | $799 |
| Calumet | $700 | $605 | $596 | $750 | $799 |
| Beaumont Park | $700 | $605 | $596 | $750 | $799 |
| Townley Park | $713 | $605 | $605 | $747 | $848 |
| Picadome | $728 | $559 | $630 | $790 | $925 |
| Mitchell | $728 | $559 | $630 | $790 | $925 |
| Harrods Park | $728 | $559 | $630 | $790 | $925 |
| Tatesbrook | $754 | $575 | $699 | $838 | $998 |
| Stoneybrook | $754 | $575 | $699 | $838 | $998 |
| Southeastern Hills | $754 | $575 | $699 | $838 | $998 |
| River Park | $754 | $575 | $699 | $838 | $998 |
| Park Place | $754 | $575 | $699 | $838 | $998 |
| Oaks | $754 | $575 | $699 | $838 | $998 |
| Lexington Court | $754 | $575 | $699 | $838 | $998 |
| Gainesway | $754 | $575 | $699 | $838 | $998 |
| Forest Ridge | $754 | $575 | $699 | $838 | $998 |
| Dove Creek | $754 | $575 | $699 | $838 | $998 |
| Chippendale Square | $754 | $575 | $699 | $838 | $998 |
| Carriage | $754 | $575 | $699 | $838 | $998 |
| Brigadoon | $754 | $575 | $699 | $838 | $998 |
| Beleau Wood | $754 | $575 | $699 | $838 | $998 |
| Ashwood - Hanover Hills | $754 | $575 | $699 | $838 | $998 |
| Andover Estates | $754 | $575 | $699 | $838 | $998 |
| Forest View | $762 | $505 | $698 | $845 | $1,024 |
| Woodlake | $780 | $659 | $733 | $830 | $1,200 |
| Willow Glen - Tabor Oaks | $780 | $659 | $733 | $830 | $1,200 |
| The Woods | $780 | $659 | $733 | $830 | $1,200 |
| Shriners | $780 | $659 | $733 | $830 | $1,200 |
| Oldham | $780 | $659 | $733 | $830 | $1,200 |
| Neighbors of Montclair | $780 | $659 | $733 | $830 | $1,200 |
| Mentelle | $780 | $659 | $733 | $830 | $1,200 |
| Lansdowne Shadeland - East | $780 | $659 | $733 | $830 | $1,200 |
| Lansdowne - Merrick | $780 | $659 | $733 | $830 | $1,200 |
| Lakewood | $780 | $659 | $733 | $830 | $1,200 |
| Lakeview Estates | $780 | $659 | $733 | $830 | $1,200 |
| Lake Area | $780 | $659 | $733 | $830 | $1,200 |
| Kenwick | $780 | $659 | $733 | $830 | $1,200 |
| Indian Mound | $780 | $659 | $733 | $830 | $1,200 |
| Idle Hour | $780 | $659 | $733 | $830 | $1,200 |
| Holywood - Mt Vernon | $780 | $659 | $733 | $830 | $1,200 |
| Fairway | $780 | $659 | $733 | $830 | $1,200 |
| Chevy Chase | $780 | $659 | $733 | $830 | $1,200 |
| Chenault - Louisiana | $780 | $659 | $733 | $830 | $1,200 |
| Castlegate | $780 | $659 | $733 | $830 | $1,200 |
| Ashland Park | $780 | $659 | $733 | $830 | $1,200 |
| Ashland | $780 | $659 | $733 | $830 | $1,200 |
| Zandale | $782 | $479 | $713 | $848 | $1,147 |
| Shadeland | $782 | $479 | $713 | $848 | $1,147 |
| Lansdowne | $782 | $479 | $713 | $848 | $1,147 |
| Glendover | $782 | $479 | $713 | $848 | $1,147 |
| Liberty | $783 | $528 | $684 | $915 | $1,089 |
| Wellington | $785 | $450 | $693 | $868 | $1,088 |
| Twin Oaks | $785 | $450 | $693 | $868 | $1,088 |
| Stonewall Equestrian Estates | $785 | $450 | $693 | $868 | $1,088 |
| Stonewall | $785 | $450 | $693 | $868 | $1,088 |
| Stone Creek | $785 | $450 | $693 | $868 | $1,088 |
| Southern Heights | $785 | $450 | $693 | $868 | $1,088 |
| Seven Parks | $785 | $450 | $693 | $868 | $1,088 |
| Rosemill | $785 | $450 | $693 | $868 | $1,088 |
| Robinwood | $785 | $450 | $693 | $868 | $1,088 |
| Rabbit Run - Stonewall Woods | $785 | $450 | $693 | $868 | $1,088 |
| Pera Place | $785 | $450 | $693 | $868 | $1,088 |
| Penmoken Park | $785 | $450 | $693 | $868 | $1,088 |
| Pasadena | $785 | $450 | $693 | $868 | $1,088 |
| Open Gates | $785 | $450 | $693 | $868 | $1,088 |
| Monticello | $785 | $450 | $693 | $868 | $1,088 |
| Indian Hills - Pera Place | $785 | $450 | $693 | $868 | $1,088 |
| Hill N Dale | $785 | $450 | $693 | $868 | $1,088 |
| Germann Court | $785 | $450 | $693 | $868 | $1,088 |
| Elizabeth | $785 | $450 | $693 | $868 | $1,088 |
| Deerfield | $785 | $450 | $693 | $868 | $1,088 |
| Cherokee Park | $785 | $450 | $693 | $868 | $1,088 |
| Old Richmond | $817 | $484 | $711 | $933 | $1,157 |
| Athens | $817 | $484 | $711 | $933 | $1,157 |
| Aylesford Place | $819 | $659 | $771 | $873 | $1,200 |
| Woodhill Park | $830 | $484 | $720 | $959 | $1,148 |
| Walnut Hill Club | $830 | $484 | $720 | $959 | $1,148 |
| Villas at Andover | $830 | $484 | $720 | $959 | $1,148 |
| Tuscany | $830 | $484 | $720 | $959 | $1,148 |
| Todds Station | $830 | $484 | $720 | $959 | $1,148 |
| The Home Place of Lexington | $830 | $484 | $720 | $959 | $1,148 |
| Sleepy Hollow Station | $830 | $484 | $720 | $959 | $1,148 |
| Richmond Square | $830 | $484 | $720 | $959 | $1,148 |
| Parks Edge | $830 | $484 | $720 | $959 | $1,148 |
| Locust Hill | $830 | $484 | $720 | $959 | $1,148 |
| Kennedy Landing | $830 | $484 | $720 | $959 | $1,148 |
| Hume | $830 | $484 | $720 | $959 | $1,148 |
| Home Place - The Savanna | $830 | $484 | $720 | $959 | $1,148 |
| Hamburg | $830 | $484 | $720 | $959 | $1,148 |
| Greenbrier Residents | $830 | $484 | $720 | $959 | $1,148 |
| Gleneagles | $830 | $484 | $720 | $959 | $1,148 |
| Fairways at Lakeside | $830 | $484 | $720 | $959 | $1,148 |
| Danby Corners | $830 | $484 | $720 | $959 | $1,148 |
| Creekside at Andover | $830 | $484 | $720 | $959 | $1,148 |
| Chilesburg | $830 | $484 | $720 | $959 | $1,148 |
| Cadentown | $830 | $484 | $720 | $959 | $1,148 |
| Brighton East | $830 | $484 | $720 | $959 | $1,148 |
| Boone Creek | $830 | $484 | $720 | $959 | $1,148 |
| Banbury Hunt | $830 | $484 | $720 | $959 | $1,148 |
| Autumn Ridge | $830 | $484 | $720 | $959 | $1,148 |
| Andover Forest | $830 | $484 | $720 | $959 | $1,148 |
| Andover | $830 | $484 | $720 | $959 | $1,148 |
| North Elizabeth | $872 | $647 | $645 | $854 | $1,320 |
| Versailles - Bennett - Porter | $902 | $693 | $625 | $849 | $1,382 |
| Speigle Heights | $902 | $693 | $625 | $849 | $1,382 |
| Royal Lexington | $902 | $693 | $625 | $849 | $1,382 |
| Northside Lexington | $932 | $686 | $634 | $858 | $1,234 |
| Wellesley Heights | $939 | $569 | $839 | $1,009 | $1,319 |
| Quail Run | $939 | $569 | $839 | $1,009 | $1,319 |
| Palomar Hills | $939 | $569 | $839 | $1,009 | $1,319 |
| Palomar | $939 | $569 | $839 | $1,009 | $1,319 |
| Lexington Oaks | $939 | $569 | $839 | $1,009 | $1,319 |
| Harrodsview | $939 | $569 | $839 | $1,009 | $1,319 |
| Harrods Hill | $939 | $569 | $839 | $1,009 | $1,319 |
| Firebrook Estates | $939 | $569 | $839 | $1,009 | $1,319 |
| Beaumont | $939 | $569 | $839 | $1,009 | $1,319 |
| University of Kentucky | $961 | $680 | $717 | $924 | $1,438 |
| Georgetown | $1,041 | $799 | $667 | $900 | $1,318 |
| William Wells Brown | $1,047 | $686 | $639 | $1,000 | $1,450 |
| North Limestone | $1,047 | $686 | $639 | $1,000 | $1,450 |
| Columbia Heights | $1,051 | $788 | $733 | $960 | $1,537 |
| Historic Western | $1,322 | $799 | $806 | $1,249 | $1,692 |
| Grosvenor - Woolfork | $1,322 | $799 | $806 | $1,249 | $1,692 |
| Greater East End | $1,322 | $799 | $806 | $1,249 | $1,692 |
| Transylvania Park | $1,350 | $799 | $734 | $1,238 | $1,692 |
| South End Park | $1,350 | $799 | $734 | $1,238 | $1,692 |
| North Upper | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Melrose - Oak Park | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Martin Luther King | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Historic Woodward Heights | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Historic South Hill | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Galberith | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Fayette Park | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Brucetown | $1,350 | $799 | $734 | $1,238 | $1,692 |
| Bell Court | $1,350 | $799 | $734 | $1,238 | $1,692 |
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The most affordable neighborhoods in Lexington are Bryan Station, where the average rent goes for $629/month, Castlewood, where renters pay $629/mo on average, and Eastland Parkway, where the average rent goes for $629/mo. If you’re looking for other great deals, check out the listings from Elkhorn Park ($629), Joyland ($629), and Meadow Park ($629), where the asking prices are below the average Lexington rent of $874/mo.
The most expensive neighborhoods in Lexington are North Upper ($1,350), South End Park ($1,350) and Transylvania Park ($1,350).
Lexington | Rent Comparison by Neighborhood
Rent in Andover is 10% higher than in Andover Estates
$830
Andover rent is 5% lower than Lexington average
| All rentals | $830 |
|---|---|
| Studio | $484 |
| 1 Bed | $720 |
| 2 Beds | $959 |
| 3 Beds | $1,148 |
$754
Andover Estates rent is 14% lower than Lexington average
| All rentals | $754 |
|---|---|
| Studio | $575 |
| 1 Bed | $699 |
| 2 Beds | $838 |
| 3 Beds | $998 |
Cheapest Listings on RENTCafé
- Cedarwood
- Longwood Apts
- Fox Run Apartments
- King Edward Apartments
- Matador North Apartments
- Raintree Apartments
- The Creeks on Tates Creek Apartments
- Tates Creek Village
- Abigail Gardens Apartments
- Valleyfield
- King Henry Apartments
- Stoney Brooke Apartments
- Merrick Place
- Chinoe Creek
- Shillito Park Apartments
- Saddlebrook At Tates Creek
- 300 at the Circle
- Patchen Oaks Apartments
- Merrick Place I
- Ridgewood
Most Expensive Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lexington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.