Studios340 - All Inclusive Pricing
340 Legion Dr,
Lexington, KY 40504
$1,255 - $1,995 | Studio - 1 Bed
Downtown Lexington
Lexington, KY
Downtown Lexington - Lexington, KY
Area Guide
A charming downtown district that’s home to the University of Kentucky
University
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College Town
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Entertainment
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Charming
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Small Business
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Home to the prestigious University of Kentucky, Downtown Lexington is a thriving business district with a college-town feel. Local restaurants, bars, breweries, and shops line this neighborhood, especially off of Main Street. Downtown is also home to Rupp Arena, an expansive indoor arena that hosts university basketball games, live concerts, and more. For a more intimate theater experience, check out Kentucky Theatre off East Main Street. Downtown Lexington features a few historic sites, including the Mary Todd Lincoln House, home of the First Lady. There is plenty of student housing in this neighborhood, along with apartments that range from affordable to upscale.
Rent Trends
As of July 2025, the average apartment rent in Downtown Lexington is $2,217 for a studio, $2,418 for one bedroom, $3,007 for two bedrooms, and $3,761 for three bedrooms. Apartment rent in Downtown Lexington has decreased by -2.2% in the past year.
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Studio
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486 sq ft
Average Sq Ft
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$2,217/month
Average Rent
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1 BR
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687 sq ft
Average Sq Ft
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$2,418/month
Average Rent
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2 BR
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983 sq ft
Average Sq Ft
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$3,007/month
Average Rent
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3 BR
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1,387 sq ft
Average Sq Ft
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$3,761/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Explorium
- State Botanical Garden of Kentucky
- Waveland State Historic Site
- Kentucky Horse Park
Military Bases
Airports
- Blue Grass
Top Apartments in Downtown Lexington
Houses for Rent in Downtown Lexington
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.