Cheap Apartments for Rent in 40504
63 rentals
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Studio-1 Bed
1 BathEmerson Center Senior Apartments - 62 & Older | 2050 Garden Springs Dr,
Lexington, KY 40504
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PET FRIENDLYFURNISHED$1,255 - $1,355/moStudio1 BathStudios340 - All Inclusive Pricing | 340 Legion Dr,
Lexington, KY 40504
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SPECIAL OFFERPET FRIENDLY$1,350 - $2,632/moStudio-2 Beds1-2 BathsGateway Lofts Lexington | 380 Virginia Ave,
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 decreased in Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| 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 |
| May 2026 | $1,450 |
| Jun 2026 | $1,500 |
| Jul 2026 | $1,600 |
| Aug 2026 | $1,500 |
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 | $925 | $1,350 | $1,633 | $2,050 | $1,599 |
| Townhomes | — | $1,350 | $1,750 | — | $1,750 |
| Apartments and Condos | $870 | $1,395 | $1,600 | $2,000 | $1,507 |
| Houses | $1,200 | $1,600 | $1,800 | $2,500 | $2,000 |
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 $1,030 per month. This is about 48% lower than the national average.
- When is the average rent cheapest in 40504?In the last year, the average rent in 40504 was lowest in May 2025 when it was $1,150 per month.
- 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 $925 per month. That is about $380 less than the cost of a studio apartment.
- How many available rental listings are in 40504?There are 69 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.
View this page in Spanish: Apartamentos baratos en renta en 40504 - 178 Rentas | Trulia