Lexington, KY Rental Market Trends
What is the average rent in Lexington?
The average rent for an apartment in Lexington is $1,246. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Lexington, KY
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,246 | 902 sq. ft. |
What is the average apartment size in Lexington?
The average size for a Lexington, KY apartment is 902 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 |
|---|---|
| Downtown Lexington | $1,500 |
| Georgetown | $1,479 |
| William Wells Brown | $1,475 |
| Willow Oak | $1,473 |
| Beaumont | $1,408 |
| Wellesley Heights | $1,408 |
| University of Kentucky | $1,380 |
| Speigle Heights | $1,380 |
| Versailles - Bennett - Porter | $1,380 |
| Cadentown | $1,326 |
| Gleneagles | $1,326 |
| Locust Hill | $1,326 |
| Boone Creek | $1,259 |
| East Lake | $1,259 |
| Woodfield | $1,259 |
| Liberty | $1,226 |
| Andover Estates | $1,186 |
| Chippendale Square | $1,186 |
| Oaks | $1,186 |
| The Woods | $1,186 |
| Glendover | $1,156 |
| Elizabeth | $1,124 |
| Germann Court | $1,124 |
| Open Gates | $1,124 |
| Penmoken Park | $1,124 |
| Twin Oaks | $1,124 |
| Wellington | $1,124 |
| Cardinal Valley | $1,109 |
| Golview Estates | $1,109 |
| Pine Meadow | $1,109 |
| Saddle Club | $1,109 |
| Domino Stud - Dixiana Farm | $1,054 |
| Marehaven | $1,054 |
| Masterson Station Park | $1,054 |
| Bryan Station | $884 |
| Meadows - Loudon | $884 |
| Radcliffe - Malboro | $884 |
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What are the most affordable neighborhoods in Lexington?
The most affordable neighborhoods in Lexington are Bryan Station, where the average rent goes for $884/month, Meadows - Loudon, where renters pay $884/mo on average, and Radcliffe - Malboro, where the average rent goes for $884/mo. If you’re looking for other great deals, check out the listings from Domino Stud - Dixiana Farm ($1,054), Marehaven ($1,054), and Masterson Station Park ($1,054), where the asking prices are below the average Lexington rent of $1,246/mo.
What are the most expensive neighborhoods in Lexington?
The most expensive neighborhoods in Lexington are William Wells Brown ($1,475), Georgetown ($1,479) and Downtown Lexington ($1,500).
What are the most popular neighborhoods in Lexington?
The most popular neighborhood in Lexington is Willow Oak, where there are 3 listings with an average rent of $1,473. Next up is Boone Creek, where apartments go for $1,259/month, followed by Downtown Lexington with $1,500 If you’re looking to rent in Lexington’s most popular neighborhoods, make sure to also check out University of Kentucky, where renters pay $1,380 on average, and Andover Estates, where the average monthly rent is $1,186.
Lexington | Rent Comparison by Neighborhood
Rent in Andover Estates is 16% lower than in Beaumont
$1,186
Andover Estates rent is 5% lower than Lexington average
Average Rent
$1,186
$1,408
Beaumont rent is 13% higher than Lexington average
Average Rent
$1,408
How Lexington Compares to Other Cities
| State | Average Rent |
|---|---|
| Lexington | $1,246 |
| Louisville | $1,217 |
| Erlanger | $1,147 |
| Florence | $1,275 |
| Ft Mitchell | $1,081 |
| Crestwood | $1,367 |
| Newport | $1,405 |
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 $120.03. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Lexington
Heather Lakes
115 Lake Drive, Lexington, KY 42301| 1 BED | $800 |
| 2 BEDS | $1,200+ |
Heather Rowan
474 Brazen Lane, Lexington, KY 42301| 1 BED | $810 |
| 2 BEDS | $960 |
Heather Moorland
225 East 2Nd Street, Lexington, KY 42301| 1 BED | $1,200 |
| 2 BEDS | $1,600 |
Blue Moon Boost Breeze QA
3110 Wall St., Lexington, KY 40513| 2 BEDS | $1,550 |