Cheap Apartments for Rent in 40509
82 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,058 - $1,179/mo
1-2 Beds
1-2 BathsStoney Brooke Apartments | 175 N Mount Tabor Rd,
Lexington, KY 40509
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SPECIAL OFFERPET FRIENDLY$1,339 - $2,516/moStudio-3 Beds1-2 BathsSprings at Polo Club | 1840 Little Herb Way,
Lexington, KY 40509
PET FRIENDLY$1,356 - $2,192/mo1-3 Beds1-2 BathsThe Retreat at Hamburg Place Apartments | 2365 Sir Barton Way,
Lexington, KY 40509
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,488 - $2,076/mo1-3 Beds1-2 BathsWaterstone at Hamburg Apartments | 2785 Polo Club Blvd,
Lexington, KY 40509
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Average Rent Trends in 40509
Rent in 40509 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,795 |
| Nov 2025 | $1,775 |
| Dec 2025 | $1,849 |
| Jan 2026 | $1,780 |
| Feb 2026 | $1,834 |
| Mar 2026 | $1,795 |
| Apr 2026 | $1,825 |
| May 2026 | $1,700 |
| Jun 2026 | $1,693 |
| Jul 2026 | $1,750 |
| Aug 2026 | $1,747 |
| Sep 2026 | $1,750 |
Average Rent By Bedroom and Home Type
In October 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 | $1,405 | $1,546 | $1,995 | $2,795 | $1,895 |
| Townhomes | — | $1,550 | $1,425 | $1,578 | $1,500 |
| Apartments and Condos | $1,290 | $1,250 | $2,100 | $3,300 | $1,290 |
| Houses | — | $1,550 | $2,100 | $2,995 | $2,450 |
Frequently Asked Questions about Rentals in 40509
- What is the average rent of an apartment in 40509?The average rent of an apartment in 40509 is $1,417 per month. This is about 27% lower than the national average.
- What are the cheapest months to find an apartment to rent in 40509?Last year, the cheapest month to find an apartment to rent was Apr 2025 when it was $1,689 per month.
- How many cheap apartments are available in 40509?There are 44 apartments to rent that are cheaper than the city’s average rent of $1,895.
- When is the average rent most expensive in 40509?In the last year, the average rent in 40509 was highest in Aug 2025 when it was $1,950 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40509?The average rent of a 1 bedroom apartment in 40509 is $1,405 per month. That is about $54 more than the cost of a studio apartment.
- What are some cities near 40509?Some nearby cities include: Lexington, Winchester, Nicholasville, Paris, Richmond, North Middletown. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 40509 - 387 Rentas | Trulia