Giddy-up! This horse capital boasts heaps of stables to lead the ponies to—and equally rustic (or contemporary: choose your flavor…) apartment units to hang your saddle in. Trot on up and let us fill you in on some of the basics on finding a pad in Bluegrass country.
Yeah, yeah, we’ve heard it, too: “renting an apartment is the same anywhere you go
Giddy-up! This horse capital boasts heaps of stables to lead the ponies to—and equally rustic (or contemporary: choose your flavor…) apartment units to hang your saddle in. Trot on up and let us fill you in on some of the basics on finding a pad in Bluegrass country.
Yeah, yeah, we’ve heard it, too: “renting an apartment is the same anywhere you go.” Not precisely. The market is a little different in each locale, due to a variety of factors. Here are some of the unique features of renting in Lex:
Orientation: The main commercial hubs are Downtown and the University of Kentucky area—which, obviously, has more of a younger, studenty feel than Downtown. If you wanna live outside of these two sectors, you’d better have a car. (Sorry, Butch Cassidy. Ye olde steed is an acceptable form of transportation only outside the urban county.) Keeneland Racecourse is west out Versailles Rd.; you’ll likely be heading out there for either the spring or fall meets. (Everybody does.) The bypass forms a solid city boundary, but things begin to feel suburbanish way before that. Moral of the story? Live as close in as possible, but be prepared to pay a premium.
Utilities: The winters are mild here, but budget some extra cash for cooling in the summer. Dang, it gets humid in this town. Subtropical? Methinks definitely. Keep your windows closed. The good news is there’s an uncommon percentage of landlords willing to pay your bills.
Leases: Call it old-fashioned, but most Lexington apartment managers and landlords are into bargaining. No, not on the price, but on the length of the lease. If you’re willing to commit, you might just get utilities, parking, and all sorts of other perks thrown in. Most landlords won’t air this info, so you’ll need to beef up your confidence and ask outright. It cuts both ways, too: a typical lease in Lex is a year, but if you present yourself as trustworthy, you may be able to talk your guy into a month-to-month situation. (Tell ‘em it’s for tax filing purposes…)
Got your bearings? Alright. One by one, now—the only hoods worth mention.
Downtown: Feels like Henry Clay is still alive down here. Everything’s old. Well, everything except those skyscrapers. Oh, and that fenced-off city block of grass. What an eyesore. Anywho, Lex’s Downtown is comparatively inexpensive compared to other inner urban centers. Modest (600 sq. ft.), renovated studio apartments right off Vine St. run around $500/month. If you need more space, $650/month will get you 800 square feet and $800/month will get you granite countertops and a $250 nonrefundable pet fee (!!).
Bohemia thrives on the margins, right? If you can manage not being in the thick of it (and, perhaps, waiting a few years for things to pick up), check out some of the areas adjacent to Downtown. For instance, the newly rejuvenated Distillery District is bringing lots of action to Manchester St. And on either side of Transy there’s a good dive bar and rad townhome options. (These are usually 2BR or 3BR and run slightly higher—due to the proximity to Downtown—than similar options in the UK area.)
UK/Arboretum: Beware of listings that claim to be “close to the university”; this usually means they’re a mile or more from campus. That said, if you want a quieter scene there are some gems to be found. Most older colonial-style homes have studios attached to them which their owners are willing to rent to youngsters. But if you’re after proximity, there’s enough to pick from directly adjacent to the UK behemoth. Expect lots of houseshares ($350/month or less for a room) in duplexes. Also, condos: luxury units typically have longer leases (sometimes up to two years). Don’t pay over $500/month for 1BR/1BA unless it’s regal. And if you’re really strapped, hunt down a few roommies. 3BR/2BAs rarely top over $1000/month.
Feel settled? Not until you sport that seersucker suit at Keeneland for the first time will you truly feel like a local. Remember who made it possible when those winnings start rollin’ in!
Apartment List has released the results for Lexington from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
These Lexington neighborhoods are insanely popular right now! Renters are hunting down properties in these places.
Searching for an apartment for rent in Lexington, KY? Look no further! Apartment List will help you find a perfect apartment near you. There are 178 available rental units listed on Apartment List in Lexington. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!
The average rent in Lexington is $3,064 for a studio, $1,174 for a one-bedroom apartment, and $1,434 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.
Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Lexington apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.
You can trust Apartment List to help you find your next Lexington, KY apartment rental! After all, everyone deserves a home they love.
Welcome to the Apartment List December 2024 Rent Report for Lexington, KY. Currently, the overall median rent in the city stands at $1,165, after falling 1.4% last month. Prices remain up 5.2% year-over-year. Read on to learn more about what’s been happening in the Lexington rental market and how it compares to trends throughout the nation as a whole.
The median rent in Lexington fell by 1.4% over the course of November, and has now increased by a total of 5.2% over the past 12 months. Lexington’s rent growth over the past year has has outpaced both state (3.3%) and national (-0.6%) averages.
Eleven months into the year, rents in Lexington have risen 7.1%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to November 2023 rents had increased 7.4%.
Lexington rents went down 1.4% in the past month, compared to the national rate of -0.8%. Among the nation's 100 largest cities, this ranks #87. Similar monthly rent growth took place in Memphis, TN (-1.4%) and Winston-Salem, NC (-1.4%).
Citywide, the median rent currently stands at $947 for a 1-bedroom apartment and $1,162 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,165. That ranks #81 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,214 for a 1-bedroom, $1,368 for a 2-bedroom, and $1,382 overall. The median rent in Lexington is 15.7% lower than the national, and is similar to the prices you would find in San Antonio, TX ($1,188) and Spokane, WA ($1,147).
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
Welcome to the Apartment List December 2024 Rent Report for Lexington, KY. Currently, the overall median rent in the city stands at $1,165, after falling 1.4% last month. Prices remain up 5.2% year-over-year. Read on to learn more about what’s been happening in the Lexington rental market and how it compares to trends throughout the nation as a whole.
Apartment List has released Lexington’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.
"Lexington renters expressed general dissatisfaction with the city overall," according to Apartment List. "Despite giving the city As and Bs in all categories, renters gave the city a C grade for overall satisfaction."
Key findings in Lexington include the following:
Renters say:
For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.
Giddy-up! This horse capital boasts heaps of stables to lead the ponies to—and equally rustic (or contemporary: choose your flavor…) apartment units to hang your saddle in. Trot on up and let us fill you in on some of the basics on finding a pad in Bluegrass country.
Yeah, yeah, we’ve heard it, too: “renting an apartment is the same anywhere you go
View Lexington City Guide
