Lexington, KY Rental Market Trends
What is the average rent in Lexington?
The average rent for an apartment in Lexington is $1,068. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Lexington, KY
| Average Rent | Average Apartment Size |
|---|---|
| $1,068 | 895 sq. ft. |
What is the average apartment size in Lexington?
The average size for a Lexington, KY apartment is 895 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.
Lexington, KY Apartment Rent Ranges
Lexington, KY Occupied Housing Units
56,520 or 42% of the households in Lexington, KY are renter-occupied while 74,925 or 57% are owner-occupied.
Lexington, KY Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lexington, KY | $886 | $903 | $922 | $925 | $920 | $941 | $948 | $961 | $1,017 | $1,045 | $1,068 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Lexington, KY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Bell Court | $1,514 |
| Brucetown | $1,514 |
| Fayette Park | $1,514 |
| Galberith | $1,514 |
| Historic South Hill | $1,514 |
| Historic Woodward Heights | $1,514 |
| Martin Luther King | $1,514 |
| Melrose - Oak Park | $1,514 |
| North Upper | $1,514 |
| South End Park | $1,514 |
| Transylvania Park | $1,514 |
| Greater East End | $1,493 |
| Grosvenor - Woolfork | $1,493 |
| Historic Western | $1,493 |
| Downtown Lexington | $1,340 |
| Gratz Park | $1,340 |
| Clemens Heights - Clemens Grove | $1,297 |
| Cooper Run | $1,297 |
| Cooperfield | $1,297 |
| Dogwood Trace | $1,297 |
| Plantation | $1,297 |
| Willow Oak | $1,297 |
| Wyndham | $1,297 |
| Wyndham Meadows | $1,297 |
| Wyndham Ridge | $1,297 |
| Columbia Heights | $1,236 |
| Georgetown | $1,221 |
| North Limestone | $1,190 |
| William Wells Brown | $1,190 |
| Andover | $1,157 |
| Andover Forest | $1,157 |
| Autumn Ridge | $1,157 |
| Banbury Hunt | $1,157 |
| Boone Creek | $1,157 |
| Brighton East | $1,157 |
| Cadentown | $1,157 |
| Chilesburg | $1,157 |
| Creekside at Andover | $1,157 |
| Danby Corners | $1,157 |
| Fairways at Lakeside | $1,157 |
| Gleneagles | $1,157 |
| Greenbrier Residents | $1,157 |
| Hamburg | $1,157 |
| Home Place - The Savanna | $1,157 |
| Hume | $1,157 |
| Kennedy Landing | $1,157 |
| Locust Hill | $1,157 |
| Parks Edge | $1,157 |
| Richmond Square | $1,157 |
| Sleepy Hollow Station | $1,157 |
| The Home Place of Lexington | $1,157 |
| Todds Station | $1,157 |
| Tuscany | $1,157 |
| Villas at Andover | $1,157 |
| Walnut Hill Club | $1,157 |
| Woodhill Park | $1,157 |
| University of Kentucky | $1,156 |
| Beaumont | $1,148 |
| Firebrook Estates | $1,148 |
| Harrods Hill | $1,148 |
| Harrodsview | $1,148 |
| Lexington Oaks | $1,148 |
| Palomar | $1,148 |
| Palomar Hills | $1,148 |
| Quail Run | $1,148 |
| Wellesley Heights | $1,148 |
| Waveland | $1,144 |
| Athens | $1,142 |
| Old Richmond | $1,142 |
| Royal Lexington | $1,139 |
| Speigle Heights | $1,139 |
| Versailles - Bennett - Porter | $1,139 |
| Boone Creek | $1,119 |
| Charleston Woods - White Pine | $1,119 |
| Clays Ferry | $1,119 |
| Cumberland Hill | $1,119 |
| East Lake | $1,119 |
| Ellerslie at Delong | $1,119 |
| Grafton | $1,119 |
| Hartland | $1,119 |
| Hunters Point | $1,119 |
| Meadow Creek | $1,119 |
| Pickway Korner | $1,119 |
| Pinnacle | $1,119 |
| Southpoint | $1,119 |
| Squire Oak | $1,119 |
| Tanbark | $1,119 |
| The Wineyard | $1,119 |
| Village at Tates Creek | $1,119 |
| Waterford | $1,119 |
| Woodfield | $1,119 |
| North Elizabeth | $1,103 |
| Northside Lexington | $1,092 |
| Liberty | $1,066 |
| Aylesford Place | $1,040 |
| Andover Estates | $1,025 |
| Ashwood - Hanover Hills | $1,025 |
| Beleau Wood | $1,025 |
| Brigadoon | $1,025 |
| Carriage | $1,025 |
| Chippendale Square | $1,025 |
| Dove Creek | $1,025 |
| Forest Ridge | $1,025 |
| Gainesway | $1,025 |
| Lexington Court | $1,025 |
| Oaks | $1,025 |
| Park Place | $1,025 |
| River Park | $1,025 |
| Southeastern Hills | $1,025 |
| Stoneybrook | $1,025 |
| Tatesbrook | $1,025 |
| Forest View | $1,019 |
| Ashland | $1,005 |
| Ashland Park | $1,005 |
| Castlegate | $1,005 |
| Chenault - Louisiana | $1,005 |
| Chevy Chase | $1,005 |
| Fairway | $1,005 |
| Holywood - Mt Vernon | $1,005 |
| Idle Hour | $1,005 |
| Indian Mound | $1,005 |
| Kenwick | $1,005 |
| Lake Area | $1,005 |
| Lakeview Estates | $1,005 |
| Lakewood | $1,005 |
| Lansdowne - Merrick | $1,005 |
| Lansdowne Shadeland - East | $1,005 |
| Mentelle | $1,005 |
| Neighbors of Montclair | $1,005 |
| Oldham | $1,005 |
| Shriners | $1,005 |
| The Woods | $1,005 |
| Willow Glen - Tabor Oaks | $1,005 |
| Woodlake | $1,005 |
| Glendover | $1,004 |
| Lansdowne | $1,004 |
| Shadeland | $1,004 |
| Zandale | $1,004 |
| Cherokee Park | $1,003 |
| Deerfield | $1,003 |
| Elizabeth | $1,003 |
| Germann Court | $1,003 |
| Hill N Dale | $1,003 |
| Indian Hills - Pera Place | $1,003 |
| Monticello | $1,003 |
| Open Gates | $1,003 |
| Pasadena | $1,003 |
| Penmoken Park | $1,003 |
| Pera Place | $1,003 |
| Rabbit Run - Stonewall Woods | $1,003 |
| Robinwood | $1,003 |
| Rosemill | $1,003 |
| Seven Parks | $1,003 |
| Southern Heights | $1,003 |
| Stone Creek | $1,003 |
| Stonewall | $1,003 |
| Stonewall Equestrian Estates | $1,003 |
| Twin Oaks | $1,003 |
| Wellington | $1,003 |
| Harrods Park | $976 |
| Mitchell | $976 |
| Picadome | $976 |
| Beaumont Park | $961 |
| Calumet | $961 |
| Cardinal Valley | $961 |
| Garden Springs | $961 |
| Gardenside | $961 |
| Golview Estates | $961 |
| Headley Green | $961 |
| Holiday Hills & Valley Heights | $961 |
| Pine Meadow | $961 |
| Saddle Club | $961 |
| The Colony | $961 |
| The Lane | $961 |
| West Gardenside | $961 |
| Townley Park | $946 |
| Belmont Farms | $913 |
| Bracktown | $913 |
| Castleton Lyons - Winchester Farm | $913 |
| Coldstream Station | $913 |
| Domino Stud - Dixiana Farm | $913 |
| Green Acres - Hollow Creek - Breckinridge | $913 |
| Griffin Gate | $913 |
| Gunston Hall Farm | $913 |
| Highlands | $913 |
| Jimtown | $913 |
| Kentucky Horse Park | $913 |
| Maine Chance Farm | $913 |
| Marehaven | $913 |
| Masterson Station Park | $913 |
| McConnells Trace | $913 |
| Meadowthorpe | $913 |
| Oakwood | $913 |
| Spendthrift Farms | $913 |
| Spindletop | $913 |
| St. Martins Village | $913 |
| The Glens at Greendale | $913 |
| Walmac Farm | $913 |
| Whitaker Farm | $913 |
| White Oak | $913 |
| Winburn | $913 |
| Bryan Station | $757 |
| Castlewood | $757 |
| Eastland Parkway | $757 |
| Elkhorn Park | $757 |
| Joyland | $757 |
| Meadow Park | $757 |
| Meadows - Loudon | $757 |
| Radcliffe - Malboro | $757 |
What are the most affordable neighborhoods in Lexington?
The most affordable neighborhoods in Lexington are Bryan Station, where the average rent goes for $757/month, Castlewood, where renters pay $757/mo on average, and Eastland Parkway, where the average rent goes for $757/mo. If you’re looking for other great deals, check out the listings from Elkhorn Park ($757), Joyland ($757), and Meadow Park ($757), where the asking prices are below the average Lexington rent of $1,068/mo.
What are the most expensive neighborhoods in Lexington?
The most expensive neighborhoods in Lexington are North Upper ($1,514), South End Park ($1,514) and Transylvania Park ($1,514).
What are the most popular neighborhoods in Lexington?
The most popular neighborhood in Lexington is Cardinal Valley, where there are 5 verified RentCafe listings with an average rent of $961. Next up is Andover, where apartments go for $1,157/month, followed by Eastland Parkway with $757 If you’re looking to rent in Lexington’s most popular neighborhoods, make sure to also check out Lakeview Estates, where renters pay $1,005 on average, and Oaks, where the average monthly rent is $1,025.
Lexington | Rent Comparison by Neighborhood
Rent in Andover is 13% higher than in Andover Estates
Andover rent is 8% higher than Lexington average
| Average Rent | $1,157 |
|---|
Andover Estates rent is 4% lower than Lexington average
| Average Rent | $1,025 |
|---|
How Lexington Compares to Other Cities
| City | Average Rent |
|---|---|
| Louisville | $1,096 |
| Lexington | $1,068 |
| Florence | $1,133 |
| Jeffersontown | $1,161 |
| Covington | $1,251 |
| Shepherdsville | $851 |
| Ft Mitchell | $965 |
| Newport | $1,188 |
| Lyndon | $1,212 |
| Nicholasville | $1,056 |
| Burlington | $1,141 |
| Erlanger | $1,001 |
| Frankfort | $819 |
| Georgetown | $1,091 |
| Shelbyville | $863 |
| Independence | $1,154 |
| Hurstbourne | $1,210 |
| Middletown | $1,211 |
| Richmond | $775 |
| Alexandria | $975 |
| La Grange | $1,020 |
Most Popular Apartments in Lexington
Shillito Park Apartments
3500 Beaver Place Rd, Lexington, KY 40503- 1 BED
- 2 BEDS
- $1,029+
- Ask for pricing