Cheap Apartments for Rent in 40511
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SPECIAL OFFERPET FRIENDLY$1,248 - $1,897/mo
1-2 Beds
1-3 BathsTownley Park Apartments | 149 Old Towne Walk 1,
Lexington, KY 40511
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SPECIAL OFFERPET FRIENDLY$1,349 - $1,940/moStudio-2 Beds1-2 BathsFIFTEEN51 Apartments of Lexington | 1551 Aristides Blvd,
Lexington, KY 40511
SPECIAL OFFERPET FRIENDLY$1,376 - $2,195/mo1-3 Beds1-3 BathsThe Village at Great Acres | 2880 Summerfield Dr,
Lexington, KY 40511
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PET FRIENDLY$1,400 - $1,600/mo1-2 Beds1-2 BathsGated Villa Apartments at Kearney | 2671 Kearney Ridge Blvd,
Lexington, KY 40511
PET FRIENDLY$1,474 - $1,997/mo1-2 Beds1-2 BathsThe Charles at Coventry | 2329 Remington Way,
Lexington, KY 40511
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SPECIAL OFFERPET FRIENDLY$1,845 - $2,250/mo3-4 Beds2-3 BathsTrailside at McConnells Trace | 2945 Trailwood Ln,
Lexington, KY 40511
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Average Rent Trends in 40511
Rent in 40511 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $2,055 |
| Dec 2025 | $2,035 |
| Jan 2026 | $2,080 |
| Feb 2026 | $2,000 |
| Mar 2026 | $2,000 |
| Apr 2026 | $1,895 |
| May 2026 | $1,850 |
| Jun 2026 | $1,900 |
| Jul 2026 | $1,992 |
| Aug 2026 | $1,900 |
| Sep 2026 | $1,950 |
| Oct 2026 | $2,002 |
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 | $1,377 | $1,559 | $2,025 | $2,400 | $2,000 |
| Townhomes | — | $1,950 | $2,055 | — | $1,950 |
| Apartments and Condos | $1,100 | $1,200 | $1,750 | — | $1,200 |
| Houses | $1,285 | $1,900 | $2,100 | $2,400 | $2,150 |
Frequently Asked Questions about Rentals in 40511
- What is the average rent of an apartment in 40511?The average rent of an apartment in 40511 is $1,428 per month. This is about 27% lower than the national average.
- What are the cheapest months to find an apartment to rent in 40511?Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $2,020 per month.
- How many cheap apartments are available in 40511?There are 58 apartments to rent that are cheaper than the city’s average rent of $2,000.
- When is the average rent most expensive in 40511?In the last year, the average rent in 40511 was highest in Aug 2025 when it was $2,195 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40511?The average rent of a 1 bedroom apartment in 40511 is $1,377 per month. That is about $26 more than the cost of a studio apartment.
- What are some cities near 40511?Some nearby cities include: Lexington, Georgetown, Midway, Paris, Versailles, Stamping Ground. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 40511 - 233 Rentas | Trulia