Apartments For Rent in 40508
121 rentals
Use arrow keys to navigateSPECIAL OFFER$1,033 - $1,377/mo
1-3 Beds
1-2 Baths330 Newtown Apartments | 330 Newtown Pike #2cfc662b0,
Lexington, KY 40508
Use arrow keys to navigatePET FRIENDLY$1,295 - $1,450/mo1-2 Beds1 Bath805 Press Avenue | 805 Press Ave #2B-1Ba-594Sqft,
Lexington, KY 40508
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PET FRIENDLY$1,450 - $1,750/mo2-3 Beds1-2 Baths140 Gazette Avenue | 140 Gazette Ave #f33e0b620,
Lexington, KY 40508
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Average Rent Trends in 40508
Rent in 40508 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,200 |
| Jul 2025 | $1,350 |
| Aug 2025 | $1,550 |
| Sep 2025 | $1,350 |
| Oct 2025 | $1,500 |
| Nov 2025 | $1,500 |
| Dec 2025 | $1,450 |
| Jan 2026 | $1,275 |
| Feb 2026 | $1,250 |
| Mar 2026 | $1,300 |
| Apr 2026 | $1,395 |
| May 2026 | $1,450 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $995 | $1,575 | $1,700 | $2,000 | $1,450 |
| Townhomes | $750 | — | $2,050 | — | $900 |
| Apartments and Condos | $1,000 | $1,950 | $2,300 | $1,800 | $1,350 |
| Houses | $700 | $1,350 | $1,565 | $2,400 | $1,500 |
Frequently Asked Questions about Rentals in 40508
- What is the average rent of an apartment in 40508?The average rent of an apartment in 40508 is $1,289 per month. This is about 33% lower than the national average.
- What is the average rent of a house in 40508?The average rent of a house in 40508 is $1,500 per month. This is about 22% lower than the national average.
- What is the average rent of a townhome in 40508?The average rent of a townhome in 40508 is $2,050 per month. This is about 6% higher than the national average.
- When is the average rent cheapest in 40508?In the last year, the average rent in 40508 was lowest in Mar 2025 when it was $1,145 per month.
- When is the average rent most expensive in 40508?In the last year, the average rent in 40508 was highest in Aug 2025 when it was $1,550 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40508?The average rent of a 1 bedroom apartment in 40508 is $995 per month. That is about $0 more than the cost of a studio apartment.
- How many available rental listings are in 40508?There are 134 available rental listings in 40508.
- What are some cities near 40508?Some nearby cities include: Lexington, Nicholasville, Versailles, Midway, Georgetown, Wilmore. These cities may have more rental options to explore.