Apartments in 40507
12 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,
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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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 for a apartment decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,363 |
| Oct 2025 | $1,423 |
| Nov 2025 | $1,373 |
| Dec 2025 | $1,373 |
| Jan 2026 | $1,273 |
| Feb 2026 | $1,273 |
| Mar 2026 | $1,320 |
| Apr 2026 | $1,320 |
| May 2026 | $1,270 |
| Jun 2026 | $1,348 |
| Jul 2026 | $1,398 |
| Aug 2026 | $1,348 |
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 | $1,350 | $2,100 | $3,500 | — | $1,436 |
| Townhomes | — | $2,250 | — | — | $2,250 |
| Apartments and Condos | $1,250 | $2,100 | — | — | $1,400 |
| Houses | — | $2,850 | $3,500 | — | $2,850 |
Frequently Asked Questions about Apartments and Condos for rent in 40507
- What is the average rent of an apartment in 40507?The average rent of an apartment in 40507 is $1,348 per month. This is about 31% lower than the national average.
- When is the average rent for an apartment cheapest in 40507?In the last year, the average rent in 40507 was lowest in Feb 2025 when it was $1,285 per month.
- When is the average rent for an apartment most expensive in 40507?In the last year, the average rent in 40507 was highest in Mar 2025 when it was $1,710 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 $1,658 per month. That is about $661 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 40507?There are 12 available apartments or condos to rent 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.
View this page in Spanish: Apartamentos en 40507 - 86 Apartamentos | Trulia