Average Rent in Lexington-Fayette, KY

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Current Versus Historical Lexington-Fayette, KY Rents

Lexington-Fayette rentals average $925 for a studio rental to $1,725 for a 4-bedroom rental. The median price of all currently available listings is $997, or roughly $15 per square feet.

For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $153 (19.88%) year-over-year from $771 to $925. 1-bedroom rentals prices have increased by $20 (2.48%) year-over-year from $805 to $825. 2-bedroom rentals prices have increased by $3 (0.26%) year-over-year from $1,092 to $1,095. 3-bedroom rentals prices have increased by $12 (0.74%) year-over-year from $1,586 to $1,598. 4-bedroom rentals prices have decreased by $193 (-9.24%) year-over-year from $2,091 to $1,898. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.18% this month. 1-bedroom rents have gone down by 0.28% this month. 2-bedroom rents have gone up by 0.03% this month. 3-bedroom rents have gone up by 6.23% this month. 4-bedroom rents have gone down by 3.75% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$18.46	$925	$771 (19.88%)	$813 (13.78%)
1 BR	$14.57	$825	$805 (2.48%)	$815 (1.27%)
2 BR	$14.62	$1,095	$1,092 (0.26%)	$1,104 (-0.83%)
3 BR	$15.14	$1,598	$1,586 (0.74%)	$1,598 (-0.05%)
4+ BR	$16.47	$1,898	$2,091 (-9.24%)	$2,256 (-15.88%)

Historical Rents in Lexington-Fayette, KY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lexington-Fayette

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Lexington-Fayette

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Lexington-Fayette

There are a total of 1 counties located by Lexington-Fayette, KY. One county in the area is Fayette, KY. The average rent for rentals in these counties is $997. That's roughly around $15 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Fayette, KY. Its average rent per month is $997. Vice versa, with an average rent of $997, Fayette, KY is the most expensive county by Lexington-Fayette, KY.

Typically, rent for studios in Lexington-Fayette, KY is on par with the other counties nearby. In comparison, rent for one bedroom listings in Lexington-Fayette, KY is on par with the other counties nearby. Finally, rent for two bedrooms in Lexington-Fayette, KY is on par with the other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Fayette, KY	$925	$825	$1,095	$997

Top Zipcodes Near Lexington-Fayette

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Lexington-Fayette Average Rents

What is the average rent price in Lexington-Fayette, KY?

The average monthly rental price for Lexington-Fayette, KY apartments for rent is approximately $997. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lexington-Fayette, KY rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lexington-Fayette, KY.

How much is a studio apartment in Lexington-Fayette, KY?

The average monthly rental price for studio apartments is $925 and an average price per square feet of $18.46. There are a total of 10 studio apartment listings currently available for rent in Lexington-Fayette.

How much is a one bedroom apartment in Lexington-Fayette, KY?

The average monthly rental price for one bedroom apartments is $825 and an average price per square feet of $14.57. There are a total of 31 one bedroom apartment listings currently available for rent in Lexington-Fayette.

How much is a two bedroom apartment in Lexington-Fayette, KY?

The average monthly rental price for two bedroom apartments is $1,095 and an average price per square feet of $14.62. There are a total of 19 two bedroom apartment listings currently available for rent in Lexington-Fayette.

How have rent prices in Lexington-Fayette, KY changed this year?

Rent prices for rentals in Lexington-Fayette, KY can fluctuate yearly. Specifically, studio rental prices have changed by 0.20%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.00%, three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in Lexington-Fayette, KY?

A reasonable rent price in Lexington-Fayette, KY is around $798/month. You can search for these reasonably priced rental listings on RentHop.