Apartments in 40503

19 rentals

Apartments For Rent Near 40503

We found 30 more apartments matching your filters just outside 40503

Average Rent Trends in 40503

Rent in 40503 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
Jun 2025$1,522
Jul 2025$1,406
Aug 2025$1,412
Sep 2025$1,368
Oct 2025$2,250
Nov 2025$1,348
Dec 2025$1,297
Jan 2026$1,412
Feb 2026$1,314
Mar 2026$1,197
Apr 2026$1,347
May 2026$1,261
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$1,100$1,450$2,300$2,595$2,076
Townhomes—$1,300$2,300—$2,200
Apartments and Condos$1,033$1,450——$1,331
Houses—$1,550$2,200$2,595$2,417

Frequently Asked Questions about Apartments and Condos for rent in 40503

  • What is the average rent of an apartment in 40503?
    The average rent of an apartment in 40503 is $1,250 per month. This is about 35% lower than the national average.
  • When is the average rent cheapest in 40503?
    In the last year, the average rent in 40503 was lowest in Dec 2025 when it was $1,297 per month.
  • When is the average rent most expensive in 40503?
    In the last year, the average rent in 40503 was highest in Oct 2025 when it was $2,250 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 40503?
    The average rent of a 1 bedroom apartment in 40503 is $1,102 per month. That is about $152 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 40503?
    There are 18 available apartments or condos to rent in 40503.
  • What are some cities near 40503?
    Some nearby cities include: Lexington, Nicholasville, Versailles, Wilmore, Midway, Georgetown. These cities may have more rental options to explore.