Last updated
Average Rent in Martin Luther King & Rent Trends
Rent prices and market trends across 2 apartment communities in Martin Luther King, Lexington, KY. Updated daily.
Market Average
$1,347/mo
▲ +1.2% from last month
Lowest Available
$1,195/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
5
available now
Martin Luther King vs Lexington, KY Average
Martin Luther King is more expensive the Lexington, KY average by $71/mo (6%). The citywide average is $1,276/mo across all neighborhoods.
Is Rent Going Up or Down in Martin Luther King?
As of May 2026, the average rent in Martin Luther King is $1,347 per month across 2 apartment communities and 5 available units. Rents have increased $16 (1.2%) over the past month.
The most affordable option is Studios180 starting at $1,195/mo. By unit type, a studio averages $1,335/mo, a 3-bedroom averages $1,395/mo.
Prices range from $1,195 to $1,495 per month. The most common price point is the $1,200 range, where 3 units are currently listed.
Martin Luther King Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Martin Luther King
Rent Prices by Apartment in Martin Luther King
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Studios180 | $1,195/mo | $1,335/mo | 4 | 4.6 |
| PURE Property Management of Kentucky | $1,395/mo | $1,395/mo | 1 | 4.4 |
Google Search Trends for Martin Luther King Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Martin Luther King
What is the average rent in Martin Luther King?
Is rent going up or down in Martin Luther King?
What is the cheapest apartment in Martin Luther King?
How many apartments are available in Martin Luther King?
What salary do I need to live comfortably in Martin Luther King?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$54,000/year
30 percent rule -- using our average rent of $1,347/mo.
Comfortable income
$65,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,195/mo), you need to earn at least $48,000/year.
Median household income in Martin Luther King is $67,631 , about 5% above the comfortable-living threshold.
Cost of living in Martin Luther King
Overall prices in Martin Luther King 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 Martin Luther King's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,347 |
| Utilities | $320 |
| Groceries | $510 |
| Transportation | $763 |
| Healthcare | $372 |
| Other goods and services | $595 |
| Estimated total | $3,907/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.
Explore Martin Luther King Apartments
Browse all 2 communities with daily-updated pricing and availability.