Cheap Apartments for Rent in 40508
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$1,033 - $1,377/mo
1-3 Beds
1-2 Baths330 Newtown Apartments | 330 Newtown Pike #17e229813,
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 Apr 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| May 2025 | $1,150 |
| 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 |
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 | $950 | $1,500 | $1,795 | $2,000 | $1,450 |
| Townhomes | $756 | $2,300 | $1,650 | — | $779 |
| Apartments and Condos | $950 | $1,775 | $2,500 | $2,000 | $1,450 |
| Houses | $900 | $1,350 | $1,695 | $1,650 | $1,650 |
Frequently Asked Questions about Rentals in 40508
- What is the average rent in 40508?The average rent in 40508 is $1,400. Rent prices range from $589 to as much as $5,650, depending on the type of rental.
- How does the rent in 40508 compare to the national average?Average rent in 40508 is about 27% lower than the national average rent of $1,910. That means it is less expensive to rent in 40508 compared to the U.S. average.
- What is the average rent in 40508, by number of bedrooms?The average rent in 40508 is $1,050 for a studio, $950 for a 1 bedroom, $1,575 for a 2 bedroom, $1,945 for a 3 bedroom, and $1,800 for a 4 bedroom.
- How have rent prices in 40508 changed compared to last year?In the past year, the average rent price in 40508 has increased by $140. That means the average rent is 10% higher than last year.
- How many available rental listings are in 40508?There are 125 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.