Average Rent in Lexington, KY
20 apartment buildings, 214 units. Real asking prices, refreshed daily.
Avg Rent
$1,276/mo
Cheapest
$820/mo
Properties
20
Units
214
Analysis
Rent Price Breakdown
Compare pricing across all 20 properties in Lexington, KY.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Lexington, KY Rent Prices
All 20 properties ranked by lowest available rent.
Limestone Square/Medical Villas Apartments
129 Transcript Ave #2, Lexington, KY 40508, USA
The Reserve at Merrick Apartments & Townhomes
3300 Montavesta Rd #2101, Lexington, KY 40502, USA
Bluegrass Rental Properties
165 Virginia Ave, Lexington, KY 40508, USA
UKMVP
127 Gazette Ave, Lexington, KY 40508, USA
The Vue Lexington
2070 Garden Springs Dr, Lexington, KY 40504, USA
Midtown Apartments
201 Simpson Ave #310, Lexington, KY 40504, USA
Studios180
180 N Martin Luther King Blvd, Lexington, KY 40507, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Limestone Square/Medical Villas Apartments 129 Transcript Ave #2, Lexington, KY 40508, USA | $820 | $875 | $0.92 | 4.3 (49) | 3 |
| 2 | The Reserve at Merrick Apartments & Townhomes 3300 Montavesta Rd #2101, Lexington, KY 40502, USA | $820 | $1,178 | $2.05 | 4.6 (59) | 88 |
| 3 | Bluegrass Rental Properties 165 Virginia Ave, Lexington, KY 40508, USA | $875 | $1,143 | $1.73 | 4.1 (45) | 7 |
| 4 | UKMVP 127 Gazette Ave, Lexington, KY 40508, USA | $875 | $1,143 | $1.73 | 4.1 (26) | 7 |
| 5 | The Vue Lexington 2070 Garden Springs Dr, Lexington, KY 40504, USA | $949 | $1,046 | $1.55 | 3.6 (258) | 42 |
| 6 | Midtown Apartments 201 Simpson Ave #310, Lexington, KY 40504, USA | $1,005 | $1,494 | -- | 4.2 (142) | 9 |
| 7 | Studios180 180 N Martin Luther King Blvd, Lexington, KY 40507, USA | $1,195 | $1,335 | $3.56 | 4.6 (64) | 4 |
Explore Each Property
Limestone Square/Medical Villas Apartments
4.3 (49)129 Transcript Ave #2, Lexington, KY 40508, USA
The Reserve at Merrick Apartments & Townhomes
4.6 (59)3300 Montavesta Rd #2101, Lexington, KY 40502, USA
Bluegrass Rental Properties
4.1 (45)165 Virginia Ave, Lexington, KY 40508, USA
UKMVP
4.1 (26)127 Gazette Ave, Lexington, KY 40508, USA
The Vue Lexington
3.6 (258)2070 Garden Springs Dr, Lexington, KY 40504, USA
Midtown Apartments
4.2 (142)201 Simpson Ave #310, Lexington, KY 40504, USA
Lexington, KY Average Rent Prices 2026
The average rent in Lexington, KY is $1,276 per month, based on 214 units across 20 apartment communities. Prices range from $820 at Limestone Square/Medical Villas Apartments to $1,925 at The Flats at 345.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,175/mo | $935/mo | 45 |
| 1 Bed | $1,108/mo | $875/mo | 83 |
| 2 Bed | $1,422/mo | $1,045/mo | 70 |
| 3 Bed | $1,764/mo | $820/mo | 15 |
| 4 Bed | $2,210/mo | $2,210/mo | 1 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Lexington, KY, and what they pay
Tracked one-bedroom rent in Lexington, KY averages $1,108/mo, with two-bedroom units averaging $1,422/mo. At the local median household income of $67,631, that works out to 23% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Lexington, KY at $1,101/mo. The current tracked market average runs 16% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Lexington, KY while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Lexington
Demand in the Lexington rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- University of Kentucky
- Toyota Motor Manufacturing Kentucky
- Lexmark
Mean one-way commute in Lexington, KY is 21 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Lexington, KY?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$51,000/year
30 percent rule -- using our average rent of $1,276/mo.
Comfortable income
$61,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($820/mo), you need to earn at least $33,000/year.
Median household income in Lexington, KY is $67,631 , about 10% above the comfortable-living threshold.
Cost of living in Lexington, KY
Overall prices in Lexington, KY runs below the national average by about 7% (BEA Regional Price Parity index 92.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lexington, KY's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,276 |
| Utilities | $320 |
| Groceries | $510 |
| Transportation | $763 |
| Healthcare | $372 |
| Other goods and services | $595 |
| Estimated total | $3,836/mo |
Population
321,122
Median household income
$67,631
Census median rent
$1,101/mo
Rent as % of income
29.9%
Median age
35.2
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Kentucky
How Lexington, KY rent compares to other markets in the state.
| City | Avg Rent | vs Lexington, KY | Properties |
|---|---|---|---|
| Louisville, KY | $1,433 | +12% | 14 |
Frequently asked questions
What is the average rent in Lexington, KY?
The average rent in Lexington, KY is $1,276 per month, based on 214 units across 20 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Lexington, KY?
The lowest available rent in Lexington, KY starts at $820 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Lexington, KY?
1-bedroom apartments in Lexington, KY average $1,108/mo. The lowest listed 1-bedroom starts at $875/mo across 83 units tracked.
How much is a 2-bedroom apartment in Lexington, KY?
2-bedroom apartments in Lexington, KY average $1,422/mo. Units start from $1,045/mo across 70 units currently listed.
Rent Trends in Lexington, KY
Track how apartment prices are changing over time.
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