Average Rent in Lexington, KY
20 apartment buildings, 219 units. Real asking prices, refreshed daily.
Avg Rent
$1,476/mo
market average
Cheapest
$739/mo
Newtown Crossing
Properties
20
tracked daily
Units
219
available now
Lexington, KY Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
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.
Newtown Crossing
351 Foreman Ave, Lexington, KY 40508, USA
Limestone Square/Medical Villas Apartments
129 Transcript Ave #2, 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
Bluegrass Rental Properties
165 Virginia Ave, Lexington, KY 40508, USA
UKMVP
127 Gazette Ave, Lexington, KY 40508, USA
Hub Lexington
500 S Upper St, Lexington, KY 40508, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Newtown Crossing 351 Foreman Ave, Lexington, KY 40508, USA | $739 | $1,041 | -- | 4 (434) | 17 |
| 2 | Limestone Square/Medical Villas Apartments 129 Transcript Ave #2, Lexington, KY 40508, USA | $820 | $913 | $1.10 | 4.3 (49) | 5 |
| 3 | The Vue Lexington 2070 Garden Springs Dr, Lexington, KY 40504, USA | $995 | $1,098 | $1.53 | 3.6 (258) | 31 |
| 4 | Midtown Apartments 201 Simpson Ave #310, Lexington, KY 40504, USA | $1,005 | $1,494 | -- | 4.2 (142) | 9 |
| 5 | Bluegrass Rental Properties 165 Virginia Ave, Lexington, KY 40508, USA | $1,095 | $1,528 | $2.29 | 4.1 (45) | 3 |
| 6 | UKMVP 127 Gazette Ave, Lexington, KY 40508, USA | $1,095 | $1,528 | $2.29 | 4.1 (26) | 3 |
| 7 | Hub Lexington 500 S Upper St, Lexington, KY 40508, USA | $1,104 | $1,178 | $1.15 | 4.1 (278) | 3 |
Explore Each Property
Newtown Crossing
4 (434)351 Foreman Ave, Lexington, KY 40508, USA
Limestone Square/Medical Villas Apartments
4.3 (49)129 Transcript Ave #2, 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
Bluegrass Rental Properties
4.1 (45)165 Virginia Ave, Lexington, KY 40508, USA
UKMVP
4.1 (26)127 Gazette Ave, Lexington, KY 40508, USA
Lexington, KY Average Rent Prices 2026
The average rent in Lexington, KY is $1,476 per month, based on 219 units across 20 apartment communities. Prices range from $739 at Newtown Crossing to $1,595 at PURE Property Management of Kentucky.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,637/mo | $894/mo | 58 |
| 1 Bed | $1,274/mo | $995/mo | 60 |
| 2 Bed | $1,549/mo | $1,195/mo | 72 |
| 3 Bed | $1,551/mo | $820/mo | 20 |
| 4 Bed | $1,039/mo | $739/mo | 9 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Lexington, KY apartments earn?
The 9 buildings we can estimate generate about $5.3M in rental revenue per month ($63M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Est. Occupancy | Units |
|---|---|---|---|
| 1.Springs at Hamburg | $1.5M/mo | 95% | 882 |
| 2.Merrick Place | $1.3M/mo | 97% | 744 |
| 3.The Reserve at Merrick Apartments & Townhomes | $762K/mo | 100% | 636 |
| 4.Preserve Lexington | $610K/mo | 92% | 456 |
| 5.PURE Property Management of Kentucky | $504K/mo | 100% | 372 |
Research estimates from listing activity, not operator financials. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Lexington, KY, and what they pay
Tracked one-bedroom rent in Lexington, KY averages $1,274/mo, with two-bedroom units averaging $1,549/mo. At the local median household income of $67,631, that works out to 26% of gross income, near the 30 percent affordability ceiling.
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 34% 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
$59,000/year
Based on the 30 percent rule, using our tracked average rent of $1,476/mo.
Comfortable income
$71,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($739/mo), you need to earn at least $30,000/year.
Median household income in Lexington, KY is $67,631 , about 5% below 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) | $1,476 |
| Utilities | $320 |
| Groceries | $510 |
| Transportation | $763 |
| Healthcare | $372 |
| Other goods and services | $595 |
| Estimated total | $4,036/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 | $1,413 | -4% | 13 |
Frequently asked questions
What is the average rent in Lexington, KY?
The average rent in Lexington, KY is $1,476 per month, based on 219 units across 20 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Lexington, KY?
The lowest available rent in Lexington, KY starts at $739 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Lexington, KY?
1-bedroom apartments in Lexington, KY average $1,274/mo. The lowest listed 1-bedroom starts at $995/mo across 60 units tracked.
How much is a 2-bedroom apartment in Lexington, KY?
2-bedroom apartments in Lexington, KY average $1,549/mo. Units start from $1,195/mo across 72 units currently listed.
Rent Trends in Lexington, KY
Track how apartment prices are changing over time.
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