19 Cheap Apartments for rent in Lexington, KY

Last updated July 18 at 1:00pm UTC
109 Hagerman
Aylesford Place-Woodland Park
Lexington, KY
Updated July 17 at 11:01pm UTC
1 Bedroom
$400
2840 Ryan Circle
Lexington
Lexington, KY
Updated July 12 at 2:58am UTC
2 Bedrooms
$650
3204 Baird Court
Lexington
Lexington, KY
Updated July 11 at 11:15pm UTC
2 Bedrooms
$600
430 Oak Street
Georgetown
Lexington, KY
Updated July 9 at 11:10pm UTC
2 Bedrooms
$650
1674 Alexandria Drive
Lexington
Lexington, KY
Updated April 7 at 12:40am UTC
1 Bedroom
$495
525 W Main St
West Suburb
Lexington, KY
Updated July 15 at 10:35am UTC
2 Bedrooms
$500
1833 Marietta Drive
Eastland Parkway
Lexington, KY
Updated July 7 at 4:03pm UTC
2 Bedrooms
$550
265 Lyndhurst Pl
Aylesford Place-Woodland Park
Lexington, KY
Updated July 18 at 9:15am UTC
1 Bedroom
$625
423 Aylesford Pl
Aylesford Place-Woodland Park
Lexington, KY
Updated July 14 at 5:16pm UTC
Studio
$635
243 Stone Ave
Aylesford Place-Woodland Park
Lexington, KY
Updated July 12 at 5:24pm UTC
1 Bedroom
$550
326 Woodland Ave
Aylesford Place-Woodland Park
Lexington, KY
Updated July 11 at 1:25am UTC
1 Bedroom
$575
340 Madison Pl
Woodward Heights
Lexington, KY
Updated July 4 at 9:16am UTC
Studio
$675
421 Aylesford Pl
Aylesford Place-Woodland Park
Lexington, KY
Updated July 18 at 9:16am UTC
Studio
$635
1697 Gerald Dr
Lexington
Lexington, KY
Updated July 16 at 5:12pm UTC
2 Bedrooms
$575
305 Lake St
Nicholasville
Nicholasville, KY
Updated July 6 at 7:27am UTC
2 Bedrooms
$635

July 2018 Lexington Rent Report

Welcome to the July 2018 Lexington Rent Report. Lexington rents increased over the past month. In this report, we'll evaluate trends in the Lexington rental market, including comparisons to similar cities nationwide.

View full Lexington Rent Report
Rent Report
Lexington

July 2018 Lexington Rent Report

Welcome to the July 2018 Lexington Rent Report. Lexington rents increased over the past month. In this report, we'll evaluate trends in the Lexington rental market, including comparisons to similar cities nationwide.

Lexington rents increased significantly over the past month

Lexington rents have increased 0.5% over the past month, but are down moderately by 1.3% in comparison to the same time last year. Currently, median rents in Lexington stand at $660 for a one-bedroom apartment and $850 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in March. Lexington's year-over-year rent growth lags the state average of -0.8%, as well as the national average of 1.4%.

Lexington rents more affordable than many large cities nationwide

As rents have fallen moderately in Lexington, many large cities nationwide have seen prices increase, in some cases substantially. Lexington is also more affordable than most large cities across the country.

  • Lexington's median two-bedroom rent of $850 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.3% decline in Lexington.
  • While rents in Lexington fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Miami (+1.8%).
  • Renters will find more reasonable prices in Lexington than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Lexington.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start 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, comparing only units that are available across both time periods 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. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.