Cheap Apartments for Rent in 40517
94 rentals
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$959 - $1,559/mo
1-3 Beds
1-3 BathsForest Creek Apartments | 1197 Appian Crossing Way,
Lexington, KY 40517
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Average Rent Trends in 40517
Rent in 40517 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Aug 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,351 |
| Oct 2025 | $1,250 |
| Nov 2025 | $1,400 |
| Dec 2025 | $1,400 |
| Jan 2026 | $1,408 |
| Feb 2026 | $1,415 |
| Mar 2026 | $1,450 |
| Apr 2026 | $1,450 |
| May 2026 | $1,500 |
| Jun 2026 | $1,428 |
| Jul 2026 | $1,495 |
| Aug 2026 | $1,500 |
Average Rent By Bedroom and Home Type
In August 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 | $988 | $1,249 | $1,650 | $2,300 | $1,428 |
| Townhomes | $1,225 | $1,475 | $1,695 | $2,800 | $1,650 |
| Apartments and Condos | $950 | $1,095 | $1,325 | — | $1,200 |
| Houses | $1,195 | $1,695 | $1,775 | $2,300 | $1,788 |
Frequently Asked Questions about Rentals in 40517
- What is the average rent of an apartment in 40517?The average rent of an apartment in 40517 is $1,144 per month. This is about 42% lower than the national average.
- When is the average rent cheapest in 40517?In the last year, the average rent in 40517 was lowest in Oct 2025 when it was $1,250 per month.
- When is the average rent most expensive in 40517?In the last year, the average rent in 40517 was highest in Aug 2025 when it was $1,550 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 40517?The average rent of a 1 bedroom apartment in 40517 is $988 per month. That is about $412 less than the cost of a studio apartment.
- How many available rental listings are in 40517?There are 94 available rental listings in 40517.
- What are some cities near 40517?Some nearby cities include: Lexington, Nicholasville, Wilmore, Versailles, Midway, Richmond. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 40517 - 187 Rentas | Trulia