Cheap Apartments for Rent in 40509
84 rentals
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Use arrow keys to navigatePET FRIENDLY$921 - $1,273/mo
1-2 Beds
1-2 BathsStoney Brooke Apartments | 175 N Mount Tabor Rd #200,
Lexington, KY 40509
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$931 - $1,268/mo1-2 Beds1-2 BathsRaintree Apartments | 175 N Locust Hill Dr #16-1604,
Lexington, KY 40509
Use arrow keys to navigatePET FRIENDLY$931 - $1,448/mo1-3 Beds1-2 BathsThe Champion at Bluegrass Apartments | 300 Quinton Ct #7-103,
Lexington, KY 40509
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PET FRIENDLY$1,231 - $2,331/moStudio-3 Beds1-2 BathsSprings at Hamburg | 2151 Meeting St #9205,
Lexington, KY 40509
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SPECIAL OFFERPET FRIENDLY$1,360 - $2,138/mo1-3 Beds1-2 BathsWaterstone at Hamburg Apartments | 2785 Polo Club Blvd #2-110,
Lexington, KY 40509
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PET FRIENDLY$1,399 - $1,822/mo1-2 Beds1-2 BathsThe Retreat at Hamburg Place Apartments | 2365 Sir Barton Way #1308,
Lexington, KY 40509
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PET FRIENDLY$1,487 - $1,935/mo1-2 Beds1-2 BathsParkside Heights | 320 Hannah Todd Pl #308-210,
Lexington, KY 40509
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PET FRIENDLY$1,627 - $1,863/mo2-3 Beds3 BathsChilesburg Park at the BLVD | 467 Hays Blvd #4301,
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 decreased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,829 |
| Jul 2025 | $1,815 |
| Aug 2025 | $1,950 |
| Sep 2025 | $1,731 |
| Oct 2025 | $1,795 |
| Nov 2025 | $1,775 |
| Dec 2025 | $1,849 |
| Jan 2026 | $1,780 |
| Feb 2026 | $1,843 |
| Mar 2026 | $1,795 |
| Apr 2026 | $1,822 |
| May 2026 | $1,700 |
Average Rent By Bedroom and Home Type
In May 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 | $1,340 | $1,459 | $1,863 | $2,720 | $1,700 |
| Townhomes | — | $1,400 | $1,500 | $1,705 | $1,500 |
| Apartments and Condos | $850 | $1,300 | $1,600 | — | $1,300 |
| Houses | — | $1,100 | $1,925 | $2,900 | $2,095 |
Frequently Asked Questions about Rentals in 40509
- What is the average rent in 40509?The average rent in 40509 is $1,700. Rent prices range from $749 to as much as $8,900, depending on the type of rental.
- How does the rent in 40509 compare to the national average?Average rent in 40509 is about 11% lower than the national average rent of $1,910. That means it is less expensive to rent in 40509 compared to the U.S. average.
- What is the average rent in 40509, by number of bedrooms?The average rent in 40509 is $749 for a studio, $1,340 for a 1 bedroom, $1,459 for a 2 bedroom, $1,863 for a 3 bedroom, and $2,720 for a 4 bedroom.
- How many available rental listings are in 40509?There are 81 available rental listings in 40509.
- 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.