Cheap Apartments for Rent in 40517
87 rentals
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$959 - $1,559/mo
1-3 Beds
1-3 BathsForest Creek Apartments | 1197 Appian Crossing Way #707,
Lexington, KY 40517
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NEW - 1 DAY AGOPET FRIENDLY
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PET FRIENDLY$1,008 - $1,975/mo1-3 Beds1-3 BathsPark Hills Apartments | 2500 Alumni Dr #850103,
Lexington, KY 40517
PET FRIENDLY$1,025 - $1,570/mo1-2 Beds1 BathLansdowne Grove Apartments | 3489 Lansdowne Dr #3482-79,
Lexington, KY 40517
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PET FRIENDLY$1,110 - $1,574/mo1-2 Beds1-2 BathsMt. Tabor Apartments | 2371 Chauvin Dr #2399-D,
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 increased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,409 |
| Jul 2025 | $1,409 |
| Aug 2025 | $1,550 |
| 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 |
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 | $1,050 | $1,279 | $1,685 | $1,995 | $1,500 |
| Townhomes | — | $1,500 | $1,500 | $1,995 | $1,500 |
| Apartments and Condos | $1,050 | $995 | $1,644 | — | $1,050 |
| Houses | — | $1,675 | $1,700 | $1,895 | $1,795 |
Frequently Asked Questions about Rentals in 40517
- What is the average rent in 40517?The average rent in 40517 is $1,500. Rent prices range from $749 to as much as $6,000, depending on the type of rental.
- How does the rent in 40517 compare to the national average?Average rent in 40517 is about 21% lower than the national average rent of $1,910. That means it is less expensive to rent in 40517 compared to the U.S. average.
- What is the average rent in 40517, by number of bedrooms?The average rent in 40517 is $1,005 for a studio, $1,050 for a 1 bedroom, $1,279 for a 2 bedroom, $1,685 for a 3 bedroom, and $1,995 for a 4 bedroom.
- How have rent prices in 40517 changed compared to last year?In the past year, the average rent price in 40517 has increased by $91. That means the average rent is 6% higher than last year.
- How many available rental listings are in 40517?There are 83 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.