Lexington, KY Rental Market Trends
Highlights
The average rent for an apartment in Lexington is $886, a 1% increase compared to the previous year, when the average rent was $874.
Average Rent in Lexington, KY
Last updated Apr 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $886 | 1% | 904 sq. ft. |
The average size for a Lexington, KY apartment is 904 square feet, but this number varies greatly depending on apartment type. 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
- < $5002%
- $501-$70026%
- $701-$1,00048%
- $1,001-$1,50019%
- $1,501-$2,0004%
- > $2,0001%
Lexington, KY Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Apr / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Lexington, KY | $839 | $851 | $855 | $859 | $883 | $874 | $874 | $874 | $886 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
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Average Rent in Lexington, KY By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Radcliffe - Malboro | $661 | ||||
| Meadows - Loudon | $661 | ||||
| Meadow Park | $661 | ||||
| Joyland | $661 | ||||
| Elkhorn Park | $661 | ||||
| Eastland Parkway | $661 | ||||
| Castlewood | $661 | ||||
| Bryan Station | $661 | ||||
| Winburn | $805 | ||||
| White Oak | $805 | ||||
| Whitaker Farm | $805 | ||||
| Walmac Farm | $805 | ||||
| The Glens at Greendale | $805 | ||||
| St. Martins Village | $805 | ||||
| Spindletop | $805 | ||||
| Spendthrift Farms | $805 | ||||
| Oakwood | $805 | ||||
| Meadowthorpe | $805 | ||||
| McConnells Trace | $805 | ||||
| Masterson Station Park | $805 | ||||
| Marehaven | $805 | ||||
| Maine Chance Farm | $805 | ||||
| Kentucky Horse Park | $805 | ||||
| Jimtown | $805 | ||||
| Highlands | $805 | ||||
| Gunston Hall Farm | $805 | ||||
| Griffin Gate | $805 | ||||
| Green Acres - Hollow Creek - Breckinridge | $805 | ||||
| Domino Stud - Dixiana Farm | $805 | ||||
| Coldstream Station | $805 | ||||
| Castleton Lyons - Winchester Farm | $805 | ||||
| Bracktown | $805 | ||||
| Belmont Farms | $805 | ||||
| Woodlake | $810 | ||||
| Willow Glen - Tabor Oaks | $810 | ||||
| The Woods | $810 | ||||
| Shriners | $810 | ||||
| Oldham | $810 | ||||
| Neighbors of Montclair | $810 | ||||
| Mentelle | $810 | ||||
| Lansdowne Shadeland - East | $810 | ||||
| Lansdowne - Merrick | $810 | ||||
| Lakewood | $810 | ||||
| Lakeview Estates | $810 | ||||
| Lake Area | $810 | ||||
| Kenwick | $810 | ||||
| Indian Mound | $810 | ||||
| Idle Hour | $810 | ||||
| Holywood - Mt Vernon | $810 | ||||
| Fairway | $810 | ||||
| Chevy Chase | $810 | ||||
| Chenault - Louisiana | $810 | ||||
| Castlegate | $810 | ||||
| Ashland Park | $810 | ||||
| Ashland | $810 | ||||
| Zandale | $817 | ||||
| Shadeland | $817 | ||||
| Lansdowne | $817 | ||||
| Glendover | $817 | ||||
| Wellington | $824 | ||||
| Twin Oaks | $824 | ||||
| Stonewall Equestrian Estates | $824 | ||||
| Stonewall | $824 | ||||
| Stone Creek | $824 | ||||
| Southern Heights | $824 | ||||
| Seven Parks | $824 | ||||
| Rosemill | $824 | ||||
| Robinwood | $824 | ||||
| Rabbit Run - Stonewall Woods | $824 | ||||
| Pera Place | $824 | ||||
| Penmoken Park | $824 | ||||
| Pasadena | $824 | ||||
| Open Gates | $824 | ||||
| Monticello | $824 | ||||
| Indian Hills - Pera Place | $824 | ||||
| Hill N Dale | $824 | ||||
| Germann Court | $824 | ||||
| Elizabeth | $824 | ||||
| Deerfield | $824 | ||||
| Cherokee Park | $824 | ||||
| Townley Park | $830 | ||||
| Forest View | $832 | ||||
| Tatesbrook | $834 | ||||
| Stoneybrook | $834 | ||||
| Southeastern Hills | $834 | ||||
| River Park | $834 | ||||
| Park Place | $834 | ||||
| Oaks | $834 | ||||
| Lexington Court | $834 | ||||
| Gainesway | $834 | ||||
| Forest Ridge | $834 | ||||
| Dove Creek | $834 | ||||
| Chippendale Square | $834 | ||||
| Carriage | $834 | ||||
| Brigadoon | $834 | ||||
| Beleau Wood | $834 | ||||
| Ashwood - Hanover Hills | $834 | ||||
| Andover Estates | $834 | ||||
| Picadome | $835 | ||||
| Mitchell | $835 | ||||
| Harrods Park | $835 | ||||
| West Gardenside | $841 | ||||
| The Lane | $841 | ||||
| The Colony | $841 | ||||
| Saddle Club | $841 | ||||
| Pine Meadow | $841 | ||||
| Holiday Hills & Valley Heights | $841 | ||||
| Headley Green | $841 | ||||
| Golview Estates | $841 | ||||
| Gardenside | $841 | ||||
| Garden Springs | $841 | ||||
| Cardinal Valley | $841 | ||||
| Calumet | $841 | ||||
| Beaumont Park | $841 | ||||
| Aylesford Place | $849 | ||||
| Liberty | $854 | ||||
| Woodfield | $879 | ||||
| Waterford | $879 | ||||
| Village at Tates Creek | $879 | ||||
| The Wineyard | $879 | ||||
| Tanbark | $879 | ||||
| Squire Oak | $879 | ||||
| Southpoint | $879 | ||||
| Pinnacle | $879 | ||||
| Pickway Korner | $879 | ||||
| Meadow Creek | $879 | ||||
| Hunters Point | $879 | ||||
| Hartland | $879 | ||||
| Grafton | $879 | ||||
| Ellerslie at Delong | $879 | ||||
| East Lake | $879 | ||||
| Cumberland Hill | $879 | ||||
| Clays Ferry | $879 | ||||
| Charleston Woods - White Pine | $879 | ||||
| Boone Creek | $879 | ||||
| Old Richmond | $900 | ||||
| Athens | $900 | ||||
| Waveland | $904 | ||||
| Woodhill Park | $915 | ||||
| Walnut Hill Club | $915 | ||||
| Villas at Andover | $915 | ||||
| Tuscany | $915 | ||||
| Todds Station | $915 | ||||
| The Home Place of Lexington | $915 | ||||
| Sleepy Hollow Station | $915 | ||||
| Richmond Square | $915 | ||||
| Parks Edge | $915 | ||||
| Locust Hill | $915 | ||||
| Kennedy Landing | $915 | ||||
| Hume | $915 | ||||
| Home Place - The Savanna | $915 | ||||
| Hamburg | $915 | ||||
| Greenbrier Residents | $915 | ||||
| Gleneagles | $915 | ||||
| Fairways at Lakeside | $915 | ||||
| Danby Corners | $915 | ||||
| Creekside at Andover | $915 | ||||
| Chilesburg | $915 | ||||
| Cadentown | $915 | ||||
| Brighton East | $915 | ||||
| Boone Creek | $915 | ||||
| Banbury Hunt | $915 | ||||
| Autumn Ridge | $915 | ||||
| Andover Forest | $915 | ||||
| Andover | $915 | ||||
| Wellesley Heights | $963 | ||||
| Quail Run | $963 | ||||
| Palomar Hills | $963 | ||||
| Palomar | $963 | ||||
| Lexington Oaks | $963 | ||||
| Harrodsview | $963 | ||||
| Harrods Hill | $963 | ||||
| Firebrook Estates | $963 | ||||
| Beaumont | $963 | ||||
| North Elizabeth | $964 | ||||
| Northside Lexington | $977 | ||||
| University of Kentucky | $991 | ||||
| Versailles - Bennett - Porter | $1,011 | ||||
| Speigle Heights | $1,011 | ||||
| Royal Lexington | $1,011 | ||||
| Wyndham Ridge | $1,059 | ||||
| Wyndham Meadows | $1,059 | ||||
| Wyndham | $1,059 | ||||
| Willow Oak | $1,059 | ||||
| Plantation | $1,059 | ||||
| Dogwood Trace | $1,059 | ||||
| Cooperfield | $1,059 | ||||
| Cooper Run | $1,059 | ||||
| Clemens Heights - Clemens Grove | $1,059 | ||||
| Columbia Heights | $1,073 | ||||
| William Wells Brown | $1,078 | ||||
| North Limestone | $1,078 | ||||
| Georgetown | $1,093 | ||||
| Gratz Park | $1,182 | ||||
| Downtown Lexington | $1,182 | ||||
| Historic Western | $1,364 | ||||
| Grosvenor - Woolfork | $1,364 | ||||
| Greater East End | $1,364 | ||||
| Transylvania Park | $1,390 | ||||
| South End Park | $1,390 | ||||
| North Upper | $1,390 | ||||
| Melrose - Oak Park | $1,390 | ||||
| Martin Luther King | $1,390 | ||||
| Historic Woodward Heights | $1,390 | ||||
| Historic South Hill | $1,390 | ||||
| Galberith | $1,390 | ||||
| Fayette Park | $1,390 | ||||
| Brucetown | $1,390 | ||||
| Bell Court | $1,390 | ||||
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The most affordable neighborhoods in Lexington are Bryan Station, where the average rent goes for $661/month, Castlewood, where renters pay $661/mo on average, and Eastland Parkway, where the average rent goes for $661/mo. If you’re looking for other great deals, check out the listings from Elkhorn Park ($661), Joyland ($661), and Meadow Park ($661), where the asking prices are below the average Lexington rent of $886/mo.
The most expensive neighborhoods in Lexington are North Upper ($1,390), South End Park ($1,390) and Transylvania Park ($1,390).
Lexington | Rent Comparison by Neighborhood
Rent in Andover is 10% higher than in Andover Estates
$915
Andover rent is 3% higher than Lexington average
| Average Rent | $915 |
|---|
$834
Andover Estates rent is 6% lower than Lexington average
| Average Rent | $834 |
|---|
Cheapest Listings on RENTCafé
- Cedarwood
- Ridgewood
- Fox Run Apartments
- Longwood Apts
- King Edward Apartments
- Matador North Apartments
- 1270 Village Drive
- 1740 Jennifer Road
- The Creeks on Tates Creek
- Tates Creek Village
- Valleyfield
- Abigail Gardens Apartments
- The Village
- Chinoe Creek
- Pinebrook
- The Racquet Club
- Merrick Place
- Lakepointe
- 300 at the Circle
- The Resort At Lake Crossing
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.