What is the average apartment size in Lexington?

The average size for a Lexington, KY apartment is 899 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Lexington?

As of Jan / 2026, the average rent in Lexington is $1,351 per month, a 2.8% increase from last years average of $1,314.

How much does rent cost by apartment size in Lexington?

In Lexington, studios rent for $998 per month, one-bedroom units average $1,135 per month, two-bedrooms cost around $1,382 per month, and three-bedroom apartments rent for about $1,813 per month

What is the average apartment size in Lexington?

The typical apartment in Lexington offers about 899 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Lexington?

Studio apartments in Lexington average 434 sq. ft., one-bedrooms offer 702 sq. ft., two-bedrooms are about 1,007 sq. ft., and three-bedroom apartments average 1,313 sq. ft.

What are the most affordable neighborhoods in Lexington?

The most affordable neighborhoods in Lexington include Eastland Parkway ($943/month), Calumet ($947/month), and Cardinal Valley ($959/month), all below the citywide average of $1,351.

What are the most expensive neighborhoods in Lexington?

The most expensive neighborhoods in Lexington are Hamburg ($1,650/month), Golview Estates ($1,832/month), and Versailles - Bennett - Porter ($2,412/month), often due to premium locations and high-end amenities.

Lexington, KY Rental Market Trends

Q: What's the typical rent budget in Lexington?

The typical rent budget in Lexington ranges from $1,001 to $1,500 per month, with 54% of rentals in this range.

Q: Do most people rent or own in Lexington?

In Lexington, 46% of households rent while 54% own their homes, based on the latest U.S. Census data.

Last updated: February 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Lexington is $1,351, a 2.8% increase compared to the previous year, when the average rent was $1,314.

Studio Apartments at $998 offer the most budget-friendly option with 434 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 702 square feet for $1,135, balancing privacy and affordability.

Two-beedroom units at $1,382 offer 1,007 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,313 sq ft) for $1,813, suitable for larger households.

Average rent in Lexington, KY

Last updated: February 17, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,351	899 sq. ft.
Studio	$998	434 sq. ft.
1 Bed	$1,135	702 sq. ft.
2 Beds	$1,382	1,007 sq. ft.
3 Beds	$1,813	1,313 sq. ft.

Lexington, KY rent trends

What's the typical rent budget in Lexington, KY?

The largest share of rentals in Lexington, KY (54%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Lexington, KY?

63,981 or 46% of the households in Lexington, KY are renter-occupied while 74,097 or 54% are owner-occupied.

Most affordable neighborhoods in Lexington?

Eastland Parkway $943/month

Calumet $947/month

Cardinal Valley $959/month

All of these neighborhoods fall below the city wide average of $1,351/month.

Most expensive neighborhoods in Lexington?

Hamburg $1,650/month

Golview Estates $1,832/month

Versailles - Bennett - Porter $2,412/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Lexington, KY By Neighborhood

Neighborhood	Average Rent
Versailles - Bennett - Porter	$2,412
Golview Estates	$1,832
Hamburg	$1,650
Pickway Korner	$1,580
Willow Oak	$1,478
Masterson Station Park	$1,476
Lansdowne - Merrick	$1,474
Liberty	$1,456
Forest View	$1,445
Hunters Point	$1,413
Lakeview Estates	$1,389
Andover	$1,313
North Elizabeth	$1,309
Tanbark	$1,278
Woodhill Park	$1,219
Oaks	$1,193
Hartland	$1,174
Chippendale Square	$1,171
Pine Meadow	$1,166
Carriage	$1,165
Locust Hill	$1,140
Andover Estates	$1,110
Southeastern Hills	$1,102
Lexington Court	$1,090
Garden Springs	$1,087
Dove Creek	$1,049
Lansdowne	$1,034
Green Acres - Hollow Creek - Breckinridge	$988
Cardinal Valley	$959
Calumet	$947
Eastland Parkway	$943

Lexington | Rent Comparison by Neighborhood

Rent in Andover is 18% higher than in Andover Estates

$1,313

Andover rent is 3% lower than Lexington average

Average Rent $1,313

$1,110

Andover Estates rent is 18% lower than Lexington average

Average Rent $1,110

How Lexington Compares to Other Cities

City	Average Rent
Lexington	$1,351
Louisville	$1,308
Richmond	$975
Florence	$1,423
Covington	$1,502
Shepherdsville	$1,198
Erlanger	$1,421
Ft Mitchell	$1,207
Newport	$1,476
Shelbyville	$1,145
Hopkinsville	$978
Nicholasville	$1,449
Frankfort	$1,096
Georgetown, KY	$1,401
Berea, KY	$934
Lawrenceburg, KY	$824
Versailles, KY	$1,542
Winchester, KY	$1,159

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lexington apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.