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Lexington, KY Demographics
- Total Population309,251
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Female 151,873Male 157,379
- Median Age36.1
Average Rent in Lexington, KY
- Lexington, KY Average Rental Price, January 2019$886/mo
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 | Jan / 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 |
Lexington, KY Households
- Total Number of Households126,157
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Family 72,692Non-family 53,465
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Children 36,360No Children 89,797
- Average People Per Household2.47
- Median Household Income$57,247
- Median Housing Costs Per Month$915
Lexington, KY Education Statistics
- No High School4%
- Some High School27%
- Some College26%
- Associate Degree7%
- Bachelor Degree22%
- Graduate Degree15%
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Most Expensive Studios for Rent
Tates Creek Village $648 - $1,416 -
Cheapest Studios for Rent
Longwood Apts $465 - $710
Renting a studio apartment in Lexington, KY
The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Lexington, KY is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 8 listings with a total of 8 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Eastland Parkway is the cheapest neighborhood in town—wink wink).
They are called efficiency apartments for a reason
In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. The Lexington, KY average rent is currently at $738, but a single-bedroom apartment in Lexington, KY can be yours for as low as $465 per month. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Lexington, KY with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Lexington, KY costs a monthly $1,416.
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