Cheap Apartments for Rent in 40504
147 rentals
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Use arrow keys to navigateSENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED$750 - $875/mo
Studio-1 Bed
1 BathEmerson Center Senior Apartments - 62 & Older | 2050 Garden Springs Dr,
Lexington, KY 40504
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$945 - $1,130/mo1-2 Beds1 BathPrime Cambridge (formerly 1901 Apartments) | 1909 Cambridge Dr,
Lexington, KY 40504
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SPECIAL OFFERPET FRIENDLY$1,095/mo2 Beds2 BathsPrime Devonport (formerly 2220 Apartments) | 2220 Devonport Dr,
Lexington, KY 40504
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PET FRIENDLYFURNISHED$1,295 - $1,395/moStudio1 BathStudios340 - All Inclusive Pricing | 340 Legion Dr,
Lexington, KY 40504
$1,300 - $1,800/mo2 Beds1 Bath366 South Broadway Park -Day Star | 366 S Broadway Park,
Lexington, KY 40504
NEW - 1 DAY AGO
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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 Sep 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| 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 |
| May 2026 | $1,450 |
| Jun 2026 | $1,500 |
| Jul 2026 | $1,600 |
| Aug 2026 | $1,500 |
| Sep 2026 | $1,500 |
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 | $900 | $1,295 | $1,856 | $3,200 | $2,000 |
| Townhomes | $1,050 | $1,350 | $1,750 | — | $1,750 |
| Apartments and Condos | $822 | $1,395 | $1,550 | $2,000 | $1,300 |
| Houses | — | $1,800 | $2,400 | $3,400 | $2,850 |
Frequently Asked Questions about Rentals in 40504
- What is the average rent of an apartment in 40504?The average rent of an apartment in 40504 is $1,064 per month. This is about 45% lower than the national average.
- What are the cheapest months to find an apartment to rent in 40504?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $1,150 per month.
- How many cheap apartments are available in 40504?There are 76 apartments to rent that are cheaper than the city’s average rent of $2,000.
- When is the average rent most expensive in 40504?In the last year, the average rent in 40504 was highest in Oct 2025 when it was $1,700 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40504?The average rent of a 1 bedroom apartment in 40504 is $900 per month. That is about $438 less than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 40504 - 240 Rentas | Trulia