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7 Studio Apartments for rent in Lexington, KY

Featured
Cedarwood Apartments
180 Codell Dr
Lexington, KY
Updated April 24 at 06:13pm
Studio
$439
Featured
BelleFontaine Apartments
2216 Dinsmore Drive
Lexington, KY
Updated April 24 at 09:47am
Studio
$625
Featured
Springs at Hamburg
2151 West Meeting Street
Lexington, KY
Updated April 24 at 06:26pm
Studio
$916
261 Lyndhurst PL - 11
261 Lyndhurst Pl
Lexington, KY
Updated April 24 at 06:52pm
Studio
$695
1081 Dove Run Road
1081 Dove Run Road
Lexington, KY
Updated April 24 at 04:57pm
Studio
$840
287 S Limestone
287 South Limestone
Lexington, KY
Updated April 24 at 04:57pm
Studio
$1,500
Results within 10 miles of Lexington
125 Quinn Drive
125 Quinn Dr
Nicholasville, KY
Updated April 24 at 04:57pm
Studio
$2,000

April 2019 Lexington Rent Report

Welcome to the April 2019 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 Rent Report

April 2019 Lexington Rent Report

Welcome to the April 2019 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 rent trends were flat over the past month

Lexington rents have remained flat over the past month, however, they have increased slightly by 1.1% year-over-year. Currently, median rents in Lexington stand at $660 for a one-bedroom apartment and $850 for a two-bedroom. Lexington's year-over-year rent growth leads the state average of 1.0%, but trails the national average of 1.3%.

    Lexington rents more affordable than many large cities nationwide

    As rents have increased slightly in Lexington, a few large cities nationwide have seen rents grow more quickly. 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 $1,170. Nationwide, rents have grown by 1.3% over the past year compared to the 1.1% increase in Lexington.
    • While Lexington's rents rose slightly over the past year, the city of Minneapolis saw a decrease of 0.1%.
    • Renters will find more reasonable prices in Lexington than most large cities. For example, San Francisco has a median 2BR rent of $3,110, 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.

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