Apartments in 40502
46 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,245 - $1,295/mo
2 Beds
2 BathsThe Reserve at Merrick Apartments & Townhomes | 3300 Montavesta Rd #2B-2Ba-872Sqft,
Lexington, KY 40502
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Average Rent Trends in 40502
Rent in 40502 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,213 |
| Jul 2025 | $1,597 |
| Aug 2025 | $1,434 |
| Sep 2025 | $1,177 |
| Oct 2025 | $1,429 |
| Nov 2025 | $1,281 |
| Dec 2025 | $1,280 |
| Jan 2026 | $1,449 |
| Feb 2026 | $1,327 |
| Mar 2026 | $1,387 |
| Apr 2026 | $1,433 |
| May 2026 | $1,462 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $950 | $1,500 | $2,100 | $2,500 | $1,575 |
| Townhomes | — | $1,600 | $1,800 | — | $1,800 |
| Apartments and Condos | $875 | $1,500 | $1,700 | $2,500 | $1,400 |
| Houses | $850 | $1,500 | $1,750 | $2,800 | $2,400 |
Frequently Asked Questions about Apartments and Condos for rent in 40502
- What is the average rent of an apartment in 40502?The average rent of an apartment in 40502 is $1,457 per month. This is about 24% lower than the national average.
- When is the average rent cheapest in 40502?In the last year, the average rent in 40502 was lowest in Mar 2025 when it was $1,041 per month.
- When is the average rent most expensive in 40502?In the last year, the average rent in 40502 was highest in Jul 2025 when it was $1,597 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40502?The average rent of a 1 bedroom apartment in 40502 is $1,011 per month. That is about $170 less than the cost of a studio apartment.
- How many apartments or condos are available to rent in 40502?There are 48 available apartments or condos to rent in 40502.
- What are some cities near 40502?Some nearby cities include: Lexington, Nicholasville, Versailles, Wilmore, Midway, Georgetown. These cities may have more rental options to explore.