Lexington, KY rent prices by neighborhood: see where they're highest and lowest
Median overall rent across Lexington, KY's 5 mapped neighborhoods is $1,253, ranging from $1,142 in Lexington 40508 to $1,693 in Lexington 40511.
2 cheapest overall
- 1 Lexington 40508 $1,142
- 2 Pine Meadow $1,239
2 most expensive overall
- 1 Lexington 40511 $1,693
- 2 Martin Luther King $1,347
All neighborhoods, ranked by rent
Click a row to see apartments in that area.
| # | Neighborhood | Median rent | Buildings | Trend | 1-yr change |
|---|---|---|---|---|---|
| 1 | Lexington 40508 | $1,142 | 4 | — | |
| 2 | Pine Meadow | $1,239 | 3 | — | |
| 3 | Lexington 40502 | $1,253 | 2 | — | |
| 4 | Martin Luther King | $1,347 | 2 | — | |
| 5 | Lexington 40511 | $1,693 | 3 | — |
Median rent trend, last month
All bedroom types, citywide. Window grows each month up to a year.
Compare Lexington, KY to nearby Kentucky cities
Median 1-bedroom rent. Click a city to see its market.
How these numbers are calculated
Each neighborhood on this map is a single ZIP code, drawn from U.S. Census Bureau ZCTA boundaries. We label each one with the commonly-used neighborhood name where Google has one (for example "Downtown Austin" instead of "78701"), and the ZIP code itself otherwise. Each building is matched to its ZIP by checking whether its coordinates fall inside the boundary — not by comparing address labels — so a building in Lexington, KY only counts toward Lexington, KY's median even if its mailing address uses a different name.
Median rents are recomputed every 24 hours. We take each property's current floor-plan prices, group them by bedroom count, and take the median across every unit inside the ZIP. ZIPs with fewer than four current listings are hidden from the map until the data fills in — better to leave a blank than draw a confident color from one floor plan.
For comparison, the U.S. Census Bureau publishes a Kentucky median gross rent figure based on survey responses (the 2025 ACS), and Zillow's ZORI index publishes a smoothed monthly observed-rent estimate at the metro level. Both are useful long-run benchmarks but lag the live market by 30–90 days. RentCafe's neighborhood-level averages are similar in spirit to what you see here, but use a different smoothing window.
Want to dig further? Browse every apartment in Lexington, KY, see the city-wide price history for the last month, or read about how the data is collected.