Apartments in Lexington

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A Local Perspective

Lexington, KY is known throughout the country as the “Horse Capital of the World,” as well as one of the top bourbon producers in the U.S. But there is certainly more to this city than just horse farms and distilleries. It is also home to the University of Kentucky, giving it a vibrant college scene that spills over into its local restaurants, bars, shops, and entertainment venues. This city is also well known for its relatively progressive feel, fresh farm-to-table grub, and almost obsessive love of basketball. Without a doubt, Lexington is one of the best places to live in Kentucky.

Finding a Lexington Apartment

When to search

The demand for student housing is high in Lexington, so it’s important to begin the apartment search process as early as possible. Usually students begin searching for the right place around October, peaking in March, and ending in August.

How to Search

Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.

Staying in the know

Lexington’s location cannot be beat. You’re within close proximity to a number of other major cities, including Louisville, Cincinnati, Indianapolis, Nashville, and Knoxville. If you’re looking for gorgeous scenery and want a vacation from the urban atmosphere, take just a few minute drive outside of Lexington’s inner loop and visit one of the many horse farms surrounding the city. They are not only scenic, but they also compliment Lexington’s overall charm.

Apartments in Cities Near Lexington

Life in Lexington


On average, Lexington’s layout is not very friendly for those without vehicles. However, Lexington offers a great bus system called Lextran. It has many routes running in different parts of the city, allowing access many different areas.

Where to play

Lexington offers a great deal of things to do, especially for college students. If you’re a foodie, then you might be interested to know that Lexington has some of the most restaurants per capita in the country. If you’re into shopping, check out Fayette Mall, which has bragging rights as the largest mall in Kentucky. If nightlife is your thing, be sure to tour the many bourbon distilleries in the area. After all, Lexington is a major stop on the Kentucky Bourbon Trail.


Kentucky is the heart of horse racing in the United States, and there are several places to visit in Lexington that are affiliated with the historic sport. Keeneland is a world-class racing establishment located out on Versailles Road. If you like horses and horse racing, you must also visit the Kentucky Horse Park. It is a combination educational exhibit, horse museum and working horse farm, and a chance to see dozens of different types of horses up close. You should also visit some of the beautifully preserved historic homes in the area. Ashland, the Henry Clay Estate, and the Mary Todd Lincoln House are two of the best.


Kentucky is one of several states that claims to have the best barbecue in the country. The only way to tell for yourself is to visit some of the best Lexington BBQ joints, which include the Blue Door Smokehouse, and the Red State BBQ. However, not everything in Lexington has a southern flavour. For some extremely good Japanese food, visit Yamaguchi’s Sake & Tapas. Of course, that’s not to say that you can't find delicious southern-flavoured food. Gumbo Ya Ya serves, perhaps as no surprise, the best Gumbo in town. The other Cajun specialities like etouffee and jambalaya are also worth writing home about.


The simply named The Pub Lexington is a comforting English pub with all the trappings, including an excellent list of beers to choose from. If you like to hang out with students when you're at the bar, then the Two Keys Tavern is where you should head next. A back deck and some seating along the sidewalk make this the perfect place to hangout in the summer. Country Boy Brewing is an excellent place to go if you want to try some beer with a few more outlandish flavours. These guys are constantly changing what they’re brewing in order to come up with new and exciting recipes, so going back frequently is likely to meet you with a lot of different flavour options on the taps.


The historic buildings and museums in Lexington are a critical component of it's cultural landscape. The University of Kentucky Art Museum is the largest museum of art in the area, and has 4000 important works of art in it's permanent collection. Throughout the downtown area there are also a number of smaller art galleries. The Lexington Opera House is more than a hundred years old, and hosts ballet and concerts in addition to a regular opera series. The Kentucky Theatre is a beautiful historic theatre that has been restored and pressed back into service, showing a variety of classic, independent and modern films.


The Mayfest Arts Fair takes place the same weekend that Mother’s Day falls on each year. Gratz Park gets transformed into a forest of booths displaying the work of local artists and craftsmen. The food is ample, and there are lots of activities for the children. Bluegrass music is extremely popular in Kentucky, and the city celebrates it's love of the form during The Festival of the Bluegrass, the oldest of it's type in the State. One of the biggest events in the city though takes place during September, which is Hispanic Heritage Month. The Festival Latino de Lexington celebrates all aspects of Latin American culture in downtown Lexington during the festival.


The Lexington Center provides a much more relaxed shopping experience than you would expect from this type of complex. For one thing, most of the stores are smaller and independent as opposed to the typical ‘mall’ stores. In addition, the Center is also home to the Lexington Center Museum & Gallery, which brings an amazing 10,000 square foot museum space to the Center. If you're looking for a great urban shopping center that you don't have to travel far to get to, head to Victorian Square. With multiple levels of storefronts and a downtown location, it is ideal for most Lexington shoppers.


In Kentucky, sports always means horse racing to some degree. As previously mentioned, Keeneland is one great place to go to the races in Lexington, but there is also another track. The Red Mile is the other one, and you should take time to get to both. The University of Kentucky’s Wildcats enjoy a huge amount of popularity with the locals, and tickets to the basketball games at Rupp arena are often the hottest tickets in town. The Wildcats basketball team has been one of the most talented programs in the country for many years, and is tied for winning the most NCAA championships in the sport at 12.


The area around Lexington is famous for being a cyclist’s paradise. The counties around Lexington are home to over a thousand miles of bike trails, all of which wind through scenic countryside littered with historic buildings. Kayaking is also popular, with the nearby Elkhorn creek providing the perfect site for getting out on the water. Of course, one of the best ways to see the local countryside is to get out on horseback, and there are many local organizations that operate tours and trail rides on horseback. A great trail to walk or bike down is the Legacy Trail, which starts right in downtown Lexington.

August Rent Report

Welcome to the August 2022 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2022 key findings and figures for the Lexington rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lexington and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lexington average rent prices in the chart below.

Monthly Rent Report

Lexington Rent Prices Increase From July to August

Lexington rent prices increased over the last month. From July to August, the city experienced a 0.24% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $849.0.

When we take a look at the two-bedroom comparison from July to August, Lexington experienced a 3.94% increase for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,108.0.

August Prices: Lexington vs. Surrounding Areas

Rent Prices in Lexington and Surrounding Areas

Rent prices have increased in Lexington over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Lexington suburb increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Frankfort, KY .

  • Rent decreased in Nicholasville, KY, Winchester, KY.

  • 2 suburbs are currently priced higher than the city of Lexington.

  • 1 suburb is currently priced lower than the city of Lexington.

August 2022 Pricing Trends: Lexington vs. National Comparisons

Lexington Rent Prices More Affordable Than Major Cities

Rent growth in Lexington over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Lexington average rent prices appear to be relatively affordable for local residents.

The price for a Lexington one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's August 2022 National Apartment Report and data set here.

For more information about Lexington and surrounding area rent prices, take a look at the complete data set below.

Data set for Lexington and suburbs

1 BR August 1 BR M/M % Change 2 BR August 2 BR M/M % Change
Lexington, KY $847.0 -0.24% $1,066.0 5.13%
Nicholasville, KY $975.0 0.00% $1,450.0 0.00%
Frankfort, KY $874.0 6.59% $1,321.0 -1.71%
Winchester, KY $679.0 0.00% $1,034.0 0.00%


Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.