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,
Lexington, KY 40504
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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 decreased in Nov 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $1,695 |
| Jan 2026 | $1,650 |
| Feb 2026 | $1,600 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,600 |
| May 2026 | $1,600 |
| Jun 2026 | $1,600 |
| Jul 2026 | $1,695 |
| Aug 2026 | $1,681 |
| Sep 2026 | $1,695 |
| Oct 2026 | $1,743 |
| Nov 2026 | $1,650 |
Average Rent By Bedroom and Home Type
In November 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 | $1,030 | $1,363 | $1,900 | $2,500 | $1,649 |
| Townhomes | $850 | $1,517 | $1,750 | $3,700 | $1,680 |
| Apartments and Condos | $945 | $1,295 | $1,600 | $3,400 | $1,295 |
| Houses | $1,056 | $1,495 | $1,990 | $2,500 | $2,025 |
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 $1,300 per month. This is about 33% lower than the national average.
- What are the cheapest months to find an apartment to rent in Lexington, KY?Last year, the cheapest month to find an apartment to rent was Apr 2025 when it was $1,495 per month.
- How many cheap apartments are available in Lexington, KY?There are 484 apartments to rent that are cheaper than the city’s average rent of $1,649.
- 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 $1,030 per month. That is about $80 more than the cost of a studio apartment.
- 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, Cardinal Hill-Pine Meadow.
- 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.
View this page in Spanish: Apartamentos baratos en renta en Lexington, KY - 2,020 Rentas | Trulia