Apartments in 40502
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Use arrow keys to navigatePET FRIENDLYFURNISHED$1,145 - $1,505/mo
1-2 Beds
1-2 BathsThe Reserve at Merrick Apartments & Townhomes | 3300 Montavesta Rd,
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 for a apartment decreased in Sep 2026 compared to the previous month. Rent for apartments peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,429 |
| Nov 2025 | $1,281 |
| Dec 2025 | $1,280 |
| Jan 2026 | $1,449 |
| Feb 2026 | $1,329 |
| Mar 2026 | $1,387 |
| Apr 2026 | $1,432 |
| May 2026 | $1,463 |
| Jun 2026 | $1,364 |
| Jul 2026 | $1,277 |
| Aug 2026 | $1,475 |
| Sep 2026 | $1,449 |
Average Rent By Bedroom and Home Type
In September 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 | $999 | $1,467 | $1,811 | $3,600 | $1,650 |
| Townhomes | — | $1,500 | $1,750 | — | $1,750 |
| Apartments and Condos | $895 | $1,375 | $1,495 | $3,100 | $1,350 |
| Houses | — | $2,550 | $2,000 | $3,400 | $3,650 |
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 $1,512 per month. This is about 22% lower than the national average.
- When is the average rent for an apartment 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 for an apartment 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 $1,055 per month. That is about $205 less than the cost of a studio apartment.
- How many apartments or condos are available to rent in 40502?There are 65 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.
View this page in Spanish: Apartamentos en 40502 - 125 Apartamentos | Trulia