Cheap Apartments for Rent in 40502
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SPECIAL OFFERPET FRIENDLY$1,245 - $1,305/mo
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 increased in Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,600 |
| Oct 2025 | $1,750 |
| Nov 2025 | $1,650 |
| Dec 2025 | $1,750 |
| Jan 2026 | $1,620 |
| Feb 2026 | $1,501 |
| Mar 2026 | $1,550 |
| Apr 2026 | $1,575 |
| May 2026 | $1,575 |
| Jun 2026 | $1,525 |
| Jul 2026 | $1,600 |
| Aug 2026 | $1,700 |
Average Rent By Bedroom and Home Type
In August 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 | $1,145 | $1,500 | $2,100 | $2,400 | $1,700 |
| Townhomes | — | $1,625 | $2,100 | — | $1,925 |
| Apartments and Condos | $950 | $1,419 | $1,721 | — | $1,419 |
| Houses | — | $1,795 | $2,500 | $2,400 | $2,400 |
Frequently Asked Questions about Rentals in 40502
- What is the average rent of an apartment in 40502?The average rent of an apartment in 40502 is $1,510 per month. This is about 23% 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 $1,075 per month.
- When is the average rent most expensive in 40502?In the last year, the average rent in 40502 was highest in Oct 2025 when it was $1,750 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 $1,145 per month. That is about $395 more than the cost of a studio apartment.
- How many available rental listings are in 40502?There are 74 available rental listings 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 baratos en renta en 40502 - 130 Rentas | Trulia