Studios340 - All Inclusive Pricing
340 Legion Dr,
Lexington, KY 40504
Studio - 1 Bed | $1,255 - $1,995
Rental Market Trends in Lexington, KY
Updated July 2026
The average rent in Lexington, KY is $1,125/month.
Rent in Lexington is 32% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,125/month
Average Rent
687 Sq Ft
Average Size
+3.7%
Change / Year
2,917
Available Apartments
Lexington rent varies by unit size and layout:
- Studio apartments in Lexington average $973 per month.
- One-bedroom apartments in Lexington average $1,125 per month.
- Two-bedroom apartments in Lexington average $1,403 per month.
- Three-bedroom apartments in Lexington average $1,786 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lexington, KY?
In the past year, rent has increased by 3.7%, which averages out to $42 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Lexington, KY
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
28%
$700 - $1,000/month
37%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Lexington?
Based on current rent prices, Shriners, Lansdowne and West Lexington are the most affordable neighborhoods in Lexington.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lexington?
Based on current rent prices, Historic South Hill, Liberty Area and Beaumont Farms are the most expensive neighborhoods in Lexington.
Neighborhood
Average Rent
Average Sq Ft
Which Lexington neighborhoods have the most rentals available?
The neighborhoods in Lexington with the most apartments available are South Lexington, Red Mile and South Broadway Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lexington, KY?
Because the average rent in Lexington is $1,125, you’ll want to make about $3,750 per month or $45,000 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Lexington, KY is 7.2% lower than the national average. Generally, housing in Lexington is 22.8% less expensive than the national average, with rent falling between $973 - $1,786. You can expect to pay 0.8% more for groceries, 11.9% less for utilities, and 4.4% less for transportation.
How does Lexington, KY compare to other nearby cities and neighborhoods?
Use the tool below to compare Lexington, KY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Lexington Area GuideStudio
-
$836/month
One Bedroom
$921/month
$892/month
Two Bedroom
$1,152/month
$1,798/month
Three Bedroom
$1,590/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Lexington?
The average rent in Lexington is $1,125 per month, which is 32.4% lower than the national average of $1,663.
What is the average rent for a house in Lexington?
The average rent for a house in Lexington, KY is $1,871 per month.
What is the average rent for a townhome in Lexington?
The average rent for a townhome in Lexington, KY is $1,524 per month.
Are rents going up or down in Lexington?
Rents in Lexington, KY are increasing, with prices up 3.7% year-over-year and $42 more per month.
What rent range is most common in Lexington?
In Lexington, KY, 37% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.