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24 Cheap Apartments for rent in Lexington, KY

Last updated September 20 at 6:58pm UTC
Caballo Run
522 Hollow Creek Road
Lexington, KY
Updated September 20 at 12:20pm UTC
1 Bedroom
$599
2 Bedrooms
$699
Tates Creek Crossing
1143 Centre Pkwy
Lexington, KY
Updated September 20 at 12:20pm UTC
1 Bedroom
$625
2 Bedrooms
$695
Longwood Apartments
710 Eureka Springs Drive
Lexington, KY
Updated September 20 at 12:34pm UTC
Studio
Ask
1 Bedroom
$570
2 Bedrooms
$695
Bourbon Court
1800 Augusta Ct
Lexington, KY
Updated September 20 at 2:11pm UTC
Studio
Ask
1 Bedroom
$525
2 Bedrooms
$550
Cedarwood Apartments
180 Codell Dr
Lexington, KY
Updated September 20 at 12:32pm UTC
Studio
$439
1 Bedroom
$549
2 Bedrooms
$679
189 Donabrook Court
Lexington
Lexington, KY
Updated September 20 at 12:58am UTC
2 Bedrooms
$625
219 W. Seventh St.
Lexington
Lexington, KY
Updated September 19 at 12:35pm UTC
Studio
$625
2145 Will Fant Drive
Idle Hour Neighbors
Lexington, KY
Updated September 15 at 9:36pm UTC
2 Bedrooms
$675
335 Old Virginia Ave
South Broadway Park
Lexington, KY
Updated September 8 at 5:41pm UTC
1 Bedroom
$625
103 Devine Ave
Lexington
Lexington, KY
Updated September 7 at 2:07am UTC
3 Bedrooms
$650
418 Price
St. Martins Village
Lexington, KY
Updated September 5 at 6:49pm UTC
3 Bedrooms
$600
1310 Dale Dr
Winchester
Winchester, KY
Updated September 5 at 9:44am UTC
2 Bedrooms
$675
1116 Dale Dr
Winchester
Winchester, KY
Updated August 30 at 9:26am UTC
2 Bedrooms
$625
1312 Dale Dr
Winchester
Winchester, KY
Updated August 30 at 9:26am UTC
2 Bedrooms
$600
Results within 5 miles of Lexington, KY
2781 Jacquelyn Lane
Masterson Station
Lexington, KY
Updated September 18 at 2:40am UTC
1 Bedroom
$625
Results within 10 miles of Lexington, KY
340 Madison Pl
Woodward Heights
Lexington, KY
Updated August 24 at 2:40am UTC
Studio
$635
1214 Hammond Avenue
Lexington
Lexington, KY
Updated August 10 at 3:00am UTC
1 Bedroom
$550
321 N Broadway
Georgetown
Georgetown, KY
Updated August 9 at 10:34pm UTC
1 Bedroom
$625
107 Southview Drive
Nicholasville
Nicholasville, KY
Updated September 15 at 4:35am UTC
2 Bedrooms
$550
236 N Second Street
Richmond
Richmond, KY
Updated August 22 at 6:56pm UTC
1 Bedroom
$500

September 2018 Lexington Rent Report

Welcome to the September 2018 Lexington Rent Report. Lexington rents declined 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

September 2018 Lexington Rent Report

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

Lexington rents declined slightly over the past month

Lexington rents have declined 0.2% over the past month, and have decreased significantly by 2.1% in comparison to the same time last year. Currently, median rents in Lexington stand at $660 for a one-bedroom apartment and $840 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Lexington's year-over-year rent growth lags the state average of -0.2%, as well as the national average of 1.0%.

Lexington rents more affordable than many large cities nationwide

As rents have fallen significantly 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 $1,180. Nationwide, rents have grown by 1.0% over the past year compared to the 2.1% decline in Lexington.
  • While rents in Lexington fell significantly over the past year, many cities nationwide saw increases, including Phoenix (+2.5%), Atlanta (+1.5%), and San Francisco (+1.1%).
  • Renters will find more reasonable prices in Lexington than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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.