Lexington, KY Rental Market Trends
What is the average rent in Lexington?
The average rent for an apartment in Lexington is $1,311. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Lexington, KY
Average Rent | Average Apartment Size |
---|---|
$1,311 | 900 sq. ft. |
What is the average apartment size in Lexington?
The average size for a Lexington, KY apartment is 900 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
62,236 or 46% of the households in Lexington, KY are renter-occupied while 74,178 or 54% are owner-occupied.
Lexington, KY rent trends

Average Rent in Lexington, KY By Neighborhood
City | Average Rent |
---|---|
Bell Court | $2,137 |
Brucetown | $2,137 |
Fayette Park | $2,137 |
Galberith | $2,137 |
Historic South Hill | $2,137 |
Historic Woodward Heights | $2,137 |
Martin Luther King | $2,137 |
Melrose - Oak Park | $2,137 |
North Upper | $2,137 |
South End Park | $2,137 |
Transylvania Park | $2,137 |
Greater East End | $2,057 |
Grosvenor - Woolfork | $2,057 |
Historic Western | $2,057 |
Columbia Heights | $1,618 |
North Limestone | $1,614 |
William Wells Brown | $1,614 |
Georgetown | $1,554 |
Clemens Heights - Clemens Grove | $1,547 |
Cooper Run | $1,547 |
Cooperfield | $1,547 |
Dogwood Trace | $1,547 |
Plantation | $1,547 |
Willow Oak | $1,547 |
Wyndham | $1,547 |
Wyndham Meadows | $1,547 |
Wyndham Ridge | $1,547 |
Downtown Lexington | $1,500 |
Gratz Park | $1,500 |
University of Kentucky | $1,465 |
Royal Lexington | $1,464 |
Speigle Heights | $1,464 |
Versailles - Bennett - Porter | $1,464 |
Northside Lexington | $1,414 |
Andover | $1,400 |
Andover Forest | $1,400 |
Autumn Ridge | $1,400 |
Banbury Hunt | $1,400 |
Boone Creek | $1,400 |
Brighton East | $1,400 |
Cadentown | $1,400 |
Chilesburg | $1,400 |
Creekside at Andover | $1,400 |
Danby Corners | $1,400 |
Fairways at Lakeside | $1,400 |
Gleneagles | $1,400 |
Greenbrier Residents | $1,400 |
Hamburg | $1,400 |
Home Place - The Savanna | $1,400 |
Hume | $1,400 |
Kennedy Landing | $1,400 |
Locust Hill | $1,400 |
Parks Edge | $1,400 |
Richmond Square | $1,400 |
Sleepy Hollow Station | $1,400 |
The Home Place of Lexington | $1,400 |
Todds Station | $1,400 |
Tuscany | $1,400 |
Villas at Andover | $1,400 |
Walnut Hill Club | $1,400 |
Woodhill Park | $1,400 |
Beaumont | $1,392 |
Firebrook Estates | $1,392 |
Harrods Hill | $1,392 |
Harrodsview | $1,392 |
Lexington Oaks | $1,392 |
Palomar | $1,392 |
Palomar Hills | $1,392 |
Quail Run | $1,392 |
Wellesley Heights | $1,392 |
North Elizabeth | $1,389 |
Athens | $1,373 |
Old Richmond | $1,373 |
Waveland | $1,363 |
Boone Creek | $1,337 |
Charleston Woods - White Pine | $1,337 |
Clays Ferry | $1,337 |
Cumberland Hill | $1,337 |
East Lake | $1,337 |
Ellerslie at Delong | $1,337 |
Grafton | $1,337 |
Hartland | $1,337 |
Hunters Point | $1,337 |
Meadow Creek | $1,337 |
Pickway Korner | $1,337 |
Pinnacle | $1,337 |
Southpoint | $1,337 |
Squire Oak | $1,337 |
Tanbark | $1,337 |
The Wineyard | $1,337 |
Village at Tates Creek | $1,337 |
Waterford | $1,337 |
Woodfield | $1,337 |
Liberty | $1,298 |
Andover Estates | $1,232 |
Ashwood - Hanover Hills | $1,232 |
Beleau Wood | $1,232 |
Brigadoon | $1,232 |
Carriage | $1,232 |
Chippendale Square | $1,232 |
Dove Creek | $1,232 |
Forest Ridge | $1,232 |
Gainesway | $1,232 |
Lexington Court | $1,232 |
Oaks | $1,232 |
Park Place | $1,232 |
River Park | $1,232 |
Southeastern Hills | $1,232 |
Stoneybrook | $1,232 |
Tatesbrook | $1,232 |
Aylesford Place | $1,232 |
Forest View | $1,217 |
Ashland | $1,201 |
Ashland Park | $1,201 |
Castlegate | $1,201 |
Chenault - Louisiana | $1,201 |
Chevy Chase | $1,201 |
Fairway | $1,201 |
Holywood - Mt Vernon | $1,201 |
Idle Hour | $1,201 |
Indian Mound | $1,201 |
Kenwick | $1,201 |
Lake Area | $1,201 |
Lakeview Estates | $1,201 |
Lakewood | $1,201 |
Lansdowne - Merrick | $1,201 |
Lansdowne Shadeland - East | $1,201 |
Mentelle | $1,201 |
Neighbors of Montclair | $1,201 |
Oldham | $1,201 |
Shriners | $1,201 |
The Woods | $1,201 |
Willow Glen - Tabor Oaks | $1,201 |
Woodlake | $1,201 |
Belmont Farms | $1,200 |
Bracktown | $1,200 |
Castleton Lyons - Winchester Farm | $1,200 |
Coldstream Station | $1,200 |
Domino Stud - Dixiana Farm | $1,200 |
Green Acres - Hollow Creek - Breckinridge | $1,200 |
Griffin Gate | $1,200 |
Gunston Hall Farm | $1,200 |
Highlands | $1,200 |
Jimtown | $1,200 |
Kentucky Horse Park | $1,200 |
Maine Chance Farm | $1,200 |
Marehaven | $1,200 |
Masterson Station Park | $1,200 |
McConnells Trace | $1,200 |
Meadowthorpe | $1,200 |
Oakwood | $1,200 |
Spendthrift Farms | $1,200 |
Spindletop | $1,200 |
St. Martins Village | $1,200 |
The Glens at Greendale | $1,200 |
Walmac Farm | $1,200 |
Whitaker Farm | $1,200 |
White Oak | $1,200 |
Winburn | $1,200 |
Glendover | $1,188 |
Lansdowne | $1,188 |
Shadeland | $1,188 |
Zandale | $1,188 |
Townley Park | $1,187 |
Beaumont Park | $1,177 |
Calumet | $1,177 |
Cardinal Valley | $1,177 |
Garden Springs | $1,177 |
Gardenside | $1,177 |
Golview Estates | $1,177 |
Headley Green | $1,177 |
Holiday Hills & Valley Heights | $1,177 |
Pine Meadow | $1,177 |
Saddle Club | $1,177 |
The Colony | $1,177 |
The Lane | $1,177 |
West Gardenside | $1,177 |
Harrods Park | $1,176 |
Mitchell | $1,176 |
Picadome | $1,176 |
Cherokee Park | $1,174 |
Deerfield | $1,174 |
Elizabeth | $1,174 |
Germann Court | $1,174 |
Hill N Dale | $1,174 |
Indian Hills - Pera Place | $1,174 |
Monticello | $1,174 |
Open Gates | $1,174 |
Pasadena | $1,174 |
Penmoken Park | $1,174 |
Pera Place | $1,174 |
Rabbit Run - Stonewall Woods | $1,174 |
Robinwood | $1,174 |
Rosemill | $1,174 |
Seven Parks | $1,174 |
Southern Heights | $1,174 |
Stone Creek | $1,174 |
Stonewall | $1,174 |
Stonewall Equestrian Estates | $1,174 |
Twin Oaks | $1,174 |
Wellington | $1,174 |
Bryan Station | $930 |
Castlewood | $930 |
Eastland Parkway | $930 |
Elkhorn Park | $930 |
Joyland | $930 |
Meadow Park | $930 |
Meadows - Loudon | $930 |
Radcliffe - Malboro | $930 |
What are the most affordable neighborhoods in Lexington?
The most affordable neighborhoods in Lexington are Bryan Station, where the average rent goes for $930/month, Castlewood, where renters pay $930/mo on average, and Eastland Parkway, where the average rent goes for $930/mo. If you’re looking for other great deals, check out the listings from Elkhorn Park ($930), Joyland ($930), and Meadow Park ($930), where the asking prices are below the average Lexington rent of $1,311/mo.
What are the most expensive neighborhoods in Lexington?
The most expensive neighborhoods in Lexington are North Upper ($2,137), South End Park ($2,137) and Transylvania Park ($2,137).
What are the most popular neighborhoods in Lexington?
The most popular neighborhood in Lexington is Southeastern Hills, where there are 4 listings with an average rent of $1,232. Next up is Spindletop, where apartments go for $1,200/month, followed by Andover with $1,400 If you’re looking to rent in Lexington’s most popular neighborhoods, make sure to also check out Cardinal Valley, where renters pay $1,177 on average, and Picadome, where the average monthly rent is $1,176.
Lexington | Rent Comparison by Neighborhood
Rent in Andover is 14% higher than in Andover Estates
Andover rent is 7% higher than Lexington average
Andover Estates rent is 6% lower than Lexington average
How Lexington Compares to Other Cities
State | Average Rent |
---|---|
Louisville | $1,291 |
Lexington | $1,311 |
Richmond | $871 |
Florence | $1,365 |
Hopkinsville | $976 |
Covington | $1,517 |
Newport | $1,399 |
Oak Grove | $941 |
Shelbyville | $1,097 |
Elizabethtown | $1,164 |
Ft Mitchell | $1,131 |
Frankfort | $997 |
Georgetown | $1,316 |
Nicholasville | $1,357 |
Berea | $859 |
Mount Sterling | $990 |
Lawrenceburg | $989 |
Versailles | $783 |
What is the average price for a storage unit in Lexington?
The average rent for a non-climate-controlled 10'x10' storage unit in Lexington is $112.74. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.