Cheap Apartments for Rent in 40514
15 rentals
Use arrow keys to navigateNEW - 21 HRS AGOPET FRIENDLY$1,438 - $1,856/mo
1-3 Beds
1-2 BathsPalomar View Apartments | 4121 Reserve Rd #303,
Lexington, KY 40514
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Apartments For Rent Near 40514
We found 30 more apartments matching your filters just outside 40514
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Use arrow keys to navigatePET FRIENDLY$1,080 - $2,051/mo1-3 Beds1-2 BathsBridle Creek Apartments | 3800 Nicholasville Rd #13243,
Lexington, KY 40503
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SPECIAL OFFERPET FRIENDLY$1,515 - $2,238/mo1-3 Beds1-2 BathsForty57 Apartments | 4057 Mooncoin Way #1-101,
Lexington, KY 40515
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Average Rent Trends in 40514
Rent in 40514 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Apr 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| May 2025 | $1,975 |
| Jun 2025 | $1,999 |
| Jul 2025 | $1,800 |
| Aug 2025 | $2,000 |
| Sep 2025 | $1,970 |
| Oct 2025 | $1,850 |
| Nov 2025 | $1,999 |
| Dec 2025 | $2,000 |
| Jan 2026 | $1,925 |
| Feb 2026 | $1,925 |
| Mar 2026 | $2,000 |
| Apr 2026 | $2,000 |
Average Rent By Bedroom and Home Type
In May 2026, Houses were the most affordable home type to rent compared with Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,339 | $1,655 | $1,988 | $2,650 | $1,995 |
| Apartments and Condos | — | $1,694 | $2,150 | — | $2,150 |
| Houses | — | — | $1,977 | $2,650 | $2,000 |
Frequently Asked Questions about Rentals in 40514
- What is the average rent in 40514?The average rent in 40514 is $2,000. Rent prices range from $1,339 to as much as $2,950, depending on the type of rental.
- How does the rent in 40514 compare to the national average?Average rent in 40514 is about 5% higher than the national average rent of $1,910. That means it is more expensive to rent in 40514 compared to the U.S. average.
- What is the average rent in 40514, by number of bedrooms?The average rent in 40514 is $ for a studio, $1,339 for a 1 bedroom, $1,442 for a 2 bedroom, $1,900 for a 3 bedroom, and $2,650 for a 4 bedroom.
- How have rent prices in 40514 changed compared to last year?In the past year, the average rent price in 40514 has increased by $200. That means the average rent is 10% higher than last year.
- How many available rental listings are in 40514?There are 19 available rental listings in 40514.
- What are some cities near 40514?Some nearby cities include: Lexington, Nicholasville, Versailles, Wilmore, Midway, Salvisa. These cities may have more rental options to explore.