Rentometer, Inc. | Data as of 10/23/2025
Lexington‑Fayette’s rental market blends historic charm with vibrant university life, offering a diverse mix of housing options for students, professionals, and families alike. From the tree‑lined streets of the historic downtown district to the bustling corridors near the University of Kentucky campus, renters enjoy easy access to cultural venues such as the Lexington Opera House, Rupp Arena, and the famed horse farms of the Bluegrass region. The metro area’s well‑connected transit network and expanding bike lanes further enhance mobility for residents.
Apartment choices in Lexington range from cozy studios, typically priced in the $900s, to spacious three‑ and four‑plus bedroom units that often command rates in the $1,600 to $2,000 range. One‑bedroom apartments generally hover around the $1,100s, while two‑bedroom layouts tend to fall within the $1,300‑$1,400 bracket. For those seeking single‑family homes, one‑bedroom houses align closely with the $1,100s, two‑bedroom homes approach the $1,300‑$1,400 range, and larger three‑ and four‑plus bedroom homes frequently exceed the $1,900 and $2,400 marks respectively. These varied offerings cater to a broad spectrum of budgets and lifestyle preferences.
Neighborhoods such as Chevy Chase, Beaumont, and Masterson Station stand out for their blend of modern amenities, green spaces, and community-oriented vibes. Proximity to dining hotspots on Short Street, shopping at The Summit at Fritz Farm, and cultural festivals throughout the year make Lexington‑Fayette an attractive place to call home. Whether you’re a first‑time renter, a growing family, or a graduate student, the metro’s balanced mix of affordability, convenience, and Southern hospitality ensures a welcoming environment for all.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $914 | $899 | $725 - $1,120 | $725 - $1,090 |
| Apartment | 1 Bedroom | $1,230 | $1,127 | $550 - $3,367 | $980 - $1,350 |
| Apartment | 2 Bedroom | $1,430 | $1,279 | $775 - $4,699 | $1,130 - $1,612 |
| Apartment | 3 Bedroom | $1,597 | $1,516 | $1,128 - $2,192 | $1,345 - $1,880 |
| Apartment | 4+ Bedroom | $2,688 | $1,980 | $915 - $5,550 | $1,650 - $3,345 |
| House | 1 Bedroom | $1,139 | $1,099 | $825 - $1,495 | $825 - $1,495 |
| House | 2 Bedroom | $1,623 | $1,595 | $800 - $3,500 | $1,275 - $1,850 |
| House | 3 Bedroom | $1,973 | $1,950 | $725 - $5,500 | $1,650 - $2,150 |
| House | 4+ Bedroom | $2,661 | $2,400 | $1,500 - $10,000 | $2,200 - $2,800 |
In the current period, the average rent in Lexington-Fayette, KY was $914 for Studio, $1,227 for 1 Bedroom, $1,478 for 2 Bedroom, $1,916 for 3 Bedroom, and $2,464 for 4+ Bedroom.
Data provided by Rentometer, Inc.