132 Luxury Apartments for rent in Lexington, KY

Last updated September 23 at 5:11AM
421 Lucille Drive
Masterson Station
Lexington, KY
Updated September 12 at 9:44AM
3 Bedrooms
$1,295
1733 Nicholasville Road
Lexington
Lexington, KY
Updated September 22 at 2:26AM
3 Bedrooms
$1,575
4421 Rivard Lane
Walnut Ridge
Lexington, KY
Updated September 23 at 2:54AM
4 Bedrooms
$1,950
345 Colony Boulevard
Chevy Chase
Lexington, KY
Updated September 23 at 2:58AM
4 Bedrooms
$1,400
1014 Lane Allen Road
Garden Springs
Lexington, KY
Updated September 21 at 12:37PM
3 Bedrooms
$1,375
2156 Millstone Way
Andover Forest
Lexington, KY
Updated September 7 at 10:54AM
4 Bedrooms
$1,695
2544 Langstane Lane
Lexington
Lexington, KY
Updated September 7 at 10:57AM
3 Bedrooms
$1,350
2926 Sullivans Trace
Lexington
Lexington, KY
Updated September 15 at 4:09AM
3 Bedrooms
$1,350
991 Star Shoot Parkway
Liberty Area
Lexington, KY
Updated August 31 at 3:22AM
3 Bedrooms
$1,850
3630 Walden Dr
Lexington
Lexington, KY
Updated September 22 at 7:22PM
3 Bedrooms
$1,200
3252 Beaumont Center Circle
Beaumont Residential
Lexington, KY
Updated September 15 at 9:31AM
5 Bedrooms
$3,025
499 East High Street
Woodland Triangle
Lexington, KY
Updated September 21 at 12:37PM
1 Bedroom
$1,600
188 Preakness Drive
Old Paris Place
Lexington, KY
Updated September 20 at 9:46AM
3 Bedrooms
$1,125
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Rent Report
Lexington

September 2017 Lexington Rent Report

Welcome to the September 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 over the past month

Lexington rents have declined 0.6% over the past month, but have increased moderately by 2.8% in comparison to the same time last year. Currently, median rents in Lexington stand at $670 for a one-bedroom apartment and $860 for a two-bedroom. Lexington's year-over-year rent growth leads the state average of 2.7%, but trails the national average of 3.0%.

Lexington rents more affordable than many large cities nationwide

Rent growth in Lexington has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Lexington is still more affordable than most large cities across the country.

  • Lexington's median two-bedroom rent of $860 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.8% rise in Lexington.
  • While rents in Lexington remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • 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.