Cheap Apartments for Rent in 40504
85 rentals
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SENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED$750 - $875/mo
Studio-1 Bed
1 BathEmerson Center Senior Apartments - 62 & Older | 2050 Garden Springs Dr #00caebeb2,
Lexington, KY 40504
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NEW - 22 HRS AGOPET FRIENDLY
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NEW - 18 HRS AGOPET FRIENDLY
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PET FRIENDLY$925 - $1,295/mo1-2 Beds1 Bath1344 Royalty Court | 1344 Royalty Ct #1B-1Ba-670Sqft,
Lexington, KY 40504
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SPECIAL OFFERPET FRIENDLY$975 - $1,525/mo1-3 Beds1-2 BathsPrime at Gardenside | 2044 Georgian Way #GH075,
Lexington, KY 40504
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SPECIAL OFFERPET FRIENDLY$995 - $1,150/mo1-2 Beds1 BathThe Vue Lexington | 2070 Garden Springs Dr #LS-A25,
Lexington, KY 40504
NEW - 2 DAYS AGOPET FRIENDLY
SPECIAL OFFERPET FRIENDLY$1,095 - $1,295/mo1-2 Beds1 BathTrifecta on Red Mile | 700 Red Mile Rd #d919055a9,
Lexington, KY 40504
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NEW - 19 HRS AGOPET FRIENDLY
PET FRIENDLYFURNISHED$1,255 - $1,355/moStudio1 BathStudios340 - All Inclusive Pricing | 340 Legion Dr #0B-1Ba-350Sqft,
Lexington, KY 40504
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Average Rent Trends in 40504
Rent in 40504 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Apr 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| May 2025 | $1,150 |
| Jun 2025 | $1,325 |
| Jul 2025 | $1,300 |
| Aug 2025 | $1,250 |
| Sep 2025 | $1,295 |
| Oct 2025 | $1,700 |
| Nov 2025 | $1,600 |
| Dec 2025 | $1,595 |
| Jan 2026 | $1,500 |
| Feb 2026 | $1,350 |
| Mar 2026 | $1,350 |
| Apr 2026 | $1,350 |
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 | $875 | $1,295 | $1,800 | $2,700 | $1,450 |
| Townhomes | — | $1,100 | $1,350 | — | $1,350 |
| Apartments and Condos | $825 | $1,007 | $1,650 | — | $895 |
| Houses | $1,800 | $1,500 | $1,900 | $2,700 | $2,000 |
Frequently Asked Questions about Rentals in 40504
- What is the average rent in 40504?The average rent in 40504 is $1,450. Rent prices range from $695 to as much as $5,200, depending on the type of rental.
- How does the rent in 40504 compare to the national average?Average rent in 40504 is about 24% lower than the national average rent of $1,910. That means it is less expensive to rent in 40504 compared to the U.S. average.
- What is the average rent in 40504, by number of bedrooms?The average rent in 40504 is $1,305 for a studio, $875 for a 1 bedroom, $1,295 for a 2 bedroom, $1,800 for a 3 bedroom, and $2,700 for a 4 bedroom.
- How have rent prices in 40504 changed compared to last year?In the past year, the average rent price in 40504 has increased by $155. That means the average rent is 11% higher than last year.
- How many available rental listings are in 40504?There are 86 available rental listings in 40504.
- What are some cities near 40504?Some nearby cities include: Lexington, Versailles, Nicholasville, Midway, Georgetown, Wilmore. These cities may have more rental options to explore.