38 Cheap Apartments for rent in Lexington, KY

Last updated November 24 at 3:57am UTC
468 N Limestone
North Upper Street
Lexington, KY
Updated November 16 at 10:18am UTC
1 Bedroom
$595
2157 Cypress
Garden Springs
Lexington, KY
Updated October 12 at 10:49am UTC
1 Bedroom
$600
419 Aylesford Pl
Aylesford Place-Woodland Park
Lexington, KY
Updated November 23 at 10:00am UTC
Studio
$595
730 Terrace View Drive
Lexington
Lexington, KY
Updated November 21 at 1:41am UTC
2 Bedrooms
$550
208 Transcript
North Elizabeth Street
Lexington, KY
Updated November 2 at 2:37am UTC
2 Bedrooms
$675
152 BELT LINE AVE
Lexington
Lexington, KY
Updated November 17 at 10:58am UTC
2 Bedrooms
$650
1439 N Forbes
Meadowthrope
Lexington, KY
Updated November 24 at 3:56am UTC
2 Bedrooms
$675
421 Redding Road
Lexington
Lexington, KY
Updated October 6 at 10:04am UTC
1 Bedroom
$625
261 Lyndhurst Pl
Aylesford Place-Woodland Park
Lexington, KY
Updated November 21 at 2:03am UTC
1 Bedroom
$625
1580 Alexandria Dr
Lexington
Lexington, KY
Updated October 29 at 6:19pm UTC
1 Bedroom
$650
151 Curley Avenue
Lexington
Lexington, KY
Updated November 15 at 1:50am UTC
1 Bedroom
$600
1674 Alexandria Drive
Lexington
Lexington, KY
Updated October 5 at 2:09am UTC
1 Bedroom
$500
1096 Armstrong Mill
Lexington
Lexington, KY
Updated November 23 at 10:43am UTC
1 Bedroom
$650
568 N Broadway
North Upper Street
Lexington, KY
Updated November 17 at 1:37am UTC
Studio
$650
457 Lenney
Lexington
Lexington, KY
Updated November 24 at 3:57am UTC
2 Bedrooms
$600
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November 2017 Lexington Rent Report

Welcome to the November 2017 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

November 2017 Lexington Rent Report

Welcome to the November 2017 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 significantly over the past month

Lexington rents have declined 0.5% over the past month, but have increased moderately by 2.2% 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 decreases after an increase in July. Lexington's year-over-year rent growth leads the state average of 1.9%, but trails the national average of 2.7%.

Lexington rents more affordable than many large cities nationwide

As rents have increased moderately in Lexington, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Lexington is still more affordable than most large cities across the country.

  • Lexington's median two-bedroom rent of $850 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 2.2% increase in Lexington.
  • While Lexington's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • 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.