Apartments For Rent in 40507
10 rentals
Use arrow keys to navigatePET FRIENDLYFURNISHED$1,195 - $1,295/mo
Studio
1 BathStudios180 Short/Long Term Leases | 180 N Martin Luther King Blvd #0B-1Ba-350Sqft,
Lexington, KY 40507
Use arrow keys to navigatePET FRIENDLY$1,279 - $2,486/moStudio-2 Beds1-2 BathsPark Plaza Apartments | 120 E Main St #18-1806,
Lexington, KY 40507
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Apartments For Rent Near 40507
We found 30 more apartments matching your filters just outside 40507
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Use arrow keys to navigateSPECIAL OFFER$1,033 - $1,377/mo1-3 Beds1-2 Baths330 Newtown Apartments | 330 Newtown Pike #2cfc662b0,
Lexington, KY 40508
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Average Rent Trends in 40507
Rent in 40507 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 Jan 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,450 |
| Jul 2025 | $1,263 |
| Aug 2025 | $1,496 |
| Sep 2025 | $1,468 |
| Oct 2025 | $1,410 |
| Nov 2025 | $1,451 |
| Dec 2025 | $1,500 |
| Jan 2026 | $1,300 |
| Feb 2026 | $1,500 |
| Mar 2026 | $1,395 |
| Apr 2026 | $1,395 |
| May 2026 | $1,295 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,150 | $1,900 | — | — | $1,245 |
| Townhomes | — | $1,750 | — | — | $1,750 |
| Apartments and Condos | $1,800 | $1,800 | — | — | $1,800 |
Frequently Asked Questions about Rentals in 40507
- What is the average rent of an apartment in 40507?The average rent of an apartment in 40507 is $1,532 per month. This is about 21% lower than the national average.
- What is the average rent of a townhome in 40507?The average rent of a townhome in 40507 is $1,750 per month. This is about 9% lower than the national average.
- When is the average rent cheapest in 40507?In the last year, the average rent in 40507 was lowest in Jul 2025 when it was $1,263 per month.
- When is the average rent most expensive in 40507?In the last year, the average rent in 40507 was highest in Jan 2025 when it was $1,700 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40507?The average rent of a 1 bedroom apartment in 40507 is $1,150 per month. That is about $95 less than the cost of a studio apartment.
- How many available rental listings are in 40507?There are 7 available rental listings in 40507.
- What are some cities near 40507?Some nearby cities include: Lexington, Nicholasville, Versailles, Midway, Georgetown, Wilmore. These cities may have more rental options to explore.