Cheap Apartments for Rent in 40516

1 rentals

  • 2142 Santa Anita Dr, Lexington, KY 40516
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    APPLY INSTANTLY
    PET FRIENDLY
    $1,495/mo
    2 Beds
    2.5 Baths
    1,134 sqft
    2142 Santa Anita Dr,
    Lexington, KY 40516

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    40516
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Apartments For Rent Near 40516

We found 30 more apartments matching your filters just outside 40516

Average Rent Trends in 40516

Rent in 40516 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 Apr 2026.
MonthAverage rent
Mar 2025$1,495
Apr 2025$1,495
May 2025$1,495
Jun 2025$1,725
Jul 2025$1,395
Sep 2025$1,350
Nov 2025$1,095
Dec 2025$1,595
Jan 2026$1,025
Feb 2026$1,425
Apr 2026$1,950
May 2026$1,425
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Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$1,395$1,995—$1,395
Townhomes—$1,395——$1,395
Houses——$1,995—$1,995

Frequently Asked Questions about Rentals in 40516

  • What is the average rent of a townhome in 40516?
    The average rent of a townhome in 40516 is $1,395 per month. This is about 28% lower than the national average.
  • When is the average rent cheapest in 40516?
    In the last year, the average rent in 40516 was lowest in Nov 2025 when it was $1,095 per month.
  • When is the average rent most expensive in 40516?
    In the last year, the average rent in 40516 was highest in Jun 2025 when it was $1,725 per month.
  • How many available rental listings are in 40516?
    There are 2 available rental listings in 40516.
  • What are some cities near 40516?
    Some nearby cities include: Lexington, Paris, Winchester, North Middletown, Georgetown, Nicholasville. These cities may have more rental options to explore.