Cheap Apartments for Rent in Lexington, KY
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Studio-1 Bed
1 BathEmerson Center Senior Apartments - 62 & Older | 2050 Garden Springs Dr #00caebeb2,
Lexington, KY 40504
NEW - 2 DAYS AGOPET FRIENDLY
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Average Rent Trends in Lexington, KY
Rent in Lexington, KY varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jul 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,795 |
| Sep 2025 | $1,749 |
| Oct 2025 | $1,750 |
| Nov 2025 | $1,738 |
| Dec 2025 | $1,695 |
| Jan 2026 | $1,650 |
| Feb 2026 | $1,600 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,612 |
| May 2026 | $1,600 |
| Jun 2026 | $1,600 |
| Jul 2026 | $1,695 |
Average Rent By Bedroom and Home Type
In July 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 | $1,400 | $1,895 | $2,450 | $1,700 |
| Townhomes | — | $1,500 | $1,800 | $2,350 | $1,750 |
| Apartments and Condos | $900 | $1,299 | $1,761 | $2,000 | $1,200 |
| Houses | $1,285 | $1,600 | $1,990 | $2,450 | $2,100 |
Frequently Asked Questions about Rentals in Lexington, KY
- What is the average rent of an apartment in Lexington, KY?The average rent of an apartment in Lexington, KY is $1,296 per month. This is about 34% lower than the national average.
- When is the average rent cheapest in Lexington, KY?In the last year, the average rent in Lexington, KY was lowest in Apr 2025 when it was $1,495 per month.
- When is the average rent most expensive in Lexington, KY?In the last year, the average rent in Lexington, KY was highest in Aug 2025 when it was $1,795 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Lexington, KY?The average rent of a 1 bedroom apartment in Lexington, KY is $1,050 per month. That is about $45 more than the cost of a studio apartment.
- How many available rental listings are in Lexington, KY?There are 691 available rental listings in Lexington, KY.
- What colleges and universities are in Lexington, KY?Colleges and universities in Lexington, KY include: University of Kentucky.
- What are some neighborhoods in Lexington, KY?Some neighborhoods in Lexington, KY include: Blueberry Hill-Brigadoon-Stoneybrook-Baralto, Indian Hills-Stonewall Estates-Monticello, Reservoir, Southland-Deerfield-Open Gates.
- What are some zip codes in Lexington, KY?
- What are some cities near Lexington, KY?Some nearby cities include: Nicholasville, Georgetown, Versailles, Midway, Paris. These cities may have more rental options to explore.
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