Cheap Apartments for Rent in 40502
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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 decreased in Sep 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,660 |
Average Rent By Bedroom and Home Type
In October 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 Rentals 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.
- What are the cheapest months to find an apartment to rent in 40502?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,075 per month.
- How many cheap apartments are available in 40502?There are 49 apartments to rent that are cheaper than the city’s average rent of $1,650.
- 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 $999 per month. That is about $99 more than the cost of a studio apartment.
- 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 - 157 Rentas | Trulia