Rentometer, Inc. | Data as of 10/23/2025
Lexington‑Fayette is a vibrant city known for its historic districts, bustling downtown, and the renowned University of Kentucky campus. The rental market reflects the city’s dynamic lifestyle, offering a wide variety of apartments and single‑family homes that cater to students, young professionals, and growing families alike. Neighborhoods such as Chevy Chase, College Town, and the Old Oakwood area provide easy access to cultural attractions, dining, and green spaces like the iconic Lexington Green, making the city an appealing place to call home.
Apartment rentals in Lexington‑Fayette span a broad range of options. Studios are typically found in the $900s, while one‑bedroom units commonly sit in the $1100s. Two‑bedroom apartments often fall within the $1300‑$1400 range, and larger three‑bedroom layouts are generally available in the $1700s. For those seeking spacious living, four‑plus‑bedroom apartments can be found in the $2000‑$2200 range, offering ample room for families or shared living arrangements. These apartments are frequently located near transit corridors and key employment hubs, providing convenient commutes.
Single‑family homes also play a significant role in the local rental landscape. One‑bedroom houses are usually listed in the $1100‑$1200 bracket, while two‑bedroom homes commonly range from $1400 to $1500. Three‑bedroom houses are typically priced in the $1900s, and larger four‑plus‑bedroom properties often command rates in the $2400‑$2600 range. Many of these homes are situated in family‑friendly neighborhoods such as Beaumont and Hamburg, close to parks, schools, and shopping districts, reinforcing Lexington‑Fayette’s reputation as a welcoming and well‑rounded rental market.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $976 | $880 | $680 - $1,555 | $750 - $1,259 |
| Apartment | 1 Bedroom | $1,097 | $1,020 | $550 - $3,367 | $870 - $1,260 |
| Apartment | 2 Bedroom | $1,478 | $1,343 | $650 - $4,699 | $1,190 - $1,650 |
| Apartment | 3 Bedroom | $1,718 | $1,790 | $950 - $2,808 | $1,401 - $1,969 |
| Apartment | 4+ Bedroom | $2,172 | $2,450 | $774 - $3,345 | $1,700 - $2,500 |
| House | 1 Bedroom | $1,273 | $1,347 | $825 - $1,575 | $1,199 - $1,575 |
| House | 2 Bedroom | $1,494 | $1,400 | $650 - $3,500 | $1,175 - $1,600 |
| House | 3 Bedroom | $1,940 | $1,937 | $725 - $5,500 | $1,650 - $2,200 |
| House | 4+ Bedroom | $2,636 | $2,500 | $1,400 - $6,400 | $2,100 - $2,895 |
In the current period, the average rent in Lexington-Fayette was $977 for Studio, $1,107 for 1 Bedroom, $1,483 for 2 Bedroom, $1,904 for 3 Bedroom, and $2,472 for 4+ Bedroom.
Data provided by Rentometer, Inc.