18 Cheap Apartments for rent in Lexington, KY

Last updated May 20 at 7:24pm UTC
535 S Upper St Apt 422
University of Kentucky
Lexington, KY
Updated May 18 at 10:47am UTC
1 Bedroom
$670
1349 Devonport Drive, #28
Calumet
Lexington, KY
Updated May 17 at 10:14am UTC
1 Bedroom
$595
132 BELT LINE AVE
Lexington
Lexington, KY
Updated May 16 at 11:53am UTC
1 Bedroom
$650
1350 Dix Drive
Lexington
Lexington, KY
Updated May 8 at 4:14am UTC
2 Bedrooms
$675
305 Poage Court
Pickway Korner
Lexington, KY
Updated April 12 at 11:07am UTC
2 Bedrooms
$650
1674 Alexandria Drive
Lexington
Lexington, KY
Updated April 7 at 12:40am UTC
1 Bedroom
$495
424 Hanson Street
Paris
Paris, KY
Updated May 16 at 1:46pm UTC
2 Bedrooms
$575
1050 Hickory Hill Dr
Nicholasville
Nicholasville, KY
Updated April 27 at 10:08am UTC
2 Bedrooms
$400
509 N Limestone
North Upper Street
Lexington, KY
Updated May 15 at 6:46pm UTC
2 Bedrooms
$675
419 Aylesford Pl
Aylesford Place-Woodland Park
Lexington, KY
Updated April 28 at 1:56am UTC
Studio
$595
321 N Broadway
Georgetown
Georgetown, KY
Updated May 8 at 4:14am UTC
Studio
$500
Results within 5 miles of Lexington, KY
244 Evansdale Avenue
Richmond
Richmond, KY
Updated May 15 at 10:07am UTC
2 Bedrooms
$675
Results within 10 miles of Lexington, KY
439 Ohio Street
Lexington
Lexington, KY
Updated May 16 at 11:56am UTC
2 Bedrooms
$600
2016 Cornerstone
Liberty Area
Lexington, KY
Updated May 16 at 8:37pm UTC
2 Bedrooms
$625
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

May 2018 Lexington Rent Report

Welcome to the May 2018 Lexington Rent Report. Lexington rents remained steady 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

May 2018 Lexington Rent Report

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

Lexington rents held steady over the past month

Lexington rents have remained steady over the past month, but are down moderately by 1.7% year-over-year. Currently, median rents in Lexington stand at $660 for a one-bedroom apartment and $840 for a two-bedroom. Lexington's year-over-year rent growth lags the state average of -0.5%, as well as the national average of 1.5%.

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 $840 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.7% 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 Denver (+1.6%).
  • Renters will find more reasonable prices in Lexington than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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.