Luxury Apartments for Rent in 40517
75 rentals
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PET FRIENDLY$1,008 - $1,975/mo
1-3 Beds
1-3 BathsPark Hills Apartments | 2500 Alumni Dr #863385,
Lexington, KY 40517
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NEW - 2 HRS AGOPET FRIENDLY
PET FRIENDLY$1,525 - $1,830/mo1-2 Beds1-2 BathsPark Place Apartments | 4030 Tates Creek Rd #2933,
Lexington, KY 40517
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NEW - 2 DAYS AGOAPPLY INSTANTLYPET FRIENDLY
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OPEN TUE, 5-6:30PMPET FRIENDLY
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PET FRIENDLY$850 - $1,570/mo1-2 Beds1 BathLansdowne Grove Apartments | 3489 Lansdowne Dr #52,
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 decreased in Jun 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,428 |
Average Rent By Bedroom and Home Type
In June 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 | $1,005 | $1,260 | $1,800 | $1,999 | $1,550 |
| Townhomes | — | $1,517 | $2,000 | $1,995 | $1,600 |
| Apartments and Condos | $850 | $925 | $1,395 | — | $975 |
| Houses | — | $1,025 | $1,850 | $1,999 | $1,850 |
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 $1,057 per month. This is about 46% lower than the national average.
- What is the average rent of a house in 40517?The average rent of a house in 40517 is $1,850 per month. This is about 5% lower than the national average.
- What is the average rent of a townhome in 40517?The average rent of a townhome in 40517 is $1,600 per month. This is about 18% 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 $1,005 per month. That is about $0 more than the cost of a studio apartment.
- How many available rental listings are in 40517?There are 76 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.