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Apartments in Tate's Creek Lexington

1 - 2 of 2 Results
41
$2,750
Cumberland Hills 240403
841 Edgewood Dr Lexington, KY
3 BR | Available Now
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47
$3,100
4833 Coral Creek Cir
Lexington, KY
4 BR | Available Now
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Hartland Homeowners
1 - 2 of 2 Results
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  2. Lexington
  3. Tate's Creek
Frequently Asked Questions

How many apartments are available in Tate's Creek on Rentable.co?

Rentable.co has over 3 apartments available near Tate's Creek.

How many apartments are available in Lexington, KY on Rentable.co?

Rentable.co has over 12,510 apartments available in Lexington.

What is the average rent for a studio apartment in Lexington, KY?

The average rent for a studio apartment in Lexington is around $850 per month.

What is the average rent for a one-bedroom apartment in Lexington, KY?

The average rent for a one-bedroom apartment in Lexington is around $940 per month.

What is the average rent for a two-bedroom apartment in Lexington, KY?

The average rent for a two-bedroom apartment in Lexington is around $1,250 per month.

How expensive is it to rent an apartment in Lexington, KY?

For a two-bedroom apartment in Lexington, the average rent price is $1,250 per month, which is lower than the national average of $1,620 per month.

Can I afford an apartment for rent in Lexington, KY?

Based on average rent prices in Lexington, to afford a studio apartment you would need an annual household income of $34,000 to live comfortably.

Tate's Creek Neighborhood Summary

Tate’s Creek is a ‘burb of Lexington that sits just outside the beltline, just South of the city. This area tends to be popular with graduate students because it is only minutes from campus and Downtown Lexington, but does not have the roarin’ college vibe that many other centrally located neighborhoods possess. Though this area contains many shops and restaurants, they are far more spread out. Regardless, the community here is quite diverse, ranging from families to young professionals to college students. The residents of Tate’s Creek mostly live in single-family homes or apartment complexes.

Lexington:
May Rent Report

Welcome to the May 2024 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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

$1,350
$1,010
$680
$340
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Lexington Rent Prices Increase From April to May

Lexington rent prices increased over the last month. From April to May, the city experienced a 0.65% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $935.0.

When we take a look at the two-bedroom comparison from April to May, Lexington experienced a 2.18% increase for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,171.0.

May Prices: Lexington vs. Surrounding Areas

Nicholasville, KY
Georgetown, KY
Lexington, KY
Frankfort, KY
Winchester, KY
Richmond, KY
Versailles, KY
Millersburg, KY
$1,239
$1,071
$929
$919
$913
$729
$695
$675
$0
$450
$900
$1,350
$1,800
Median 1 BR Rent

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, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Nicholasville, KY .

  • Rent decreased in Richmond, KY, Winchester, KY, Frankfort, KY, Georgetown, KY, Millersburg, KY, Versailles, KY.

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

  • 5 suburbs are currently priced lower than the city of Lexington.

May 2024 Pricing Trends: Lexington vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Lexington, KY
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$929
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

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.

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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Lexington, KY $929.0 1.31% $1,146.0 1.33%
Nicholasville, KY $1,239.0 0.90% $1,497.0 0.81%
Richmond, KY $729.0 -0.95% $865.0 0.23%
Winchester, KY $913.0 -3.59% $1,066.0 3.60%
Frankfort, KY $919.0 -0.11% $1,509.0 15.99%
Georgetown, KY $1,071.0 -1.02% $1,192.0 2.94%
Millersburg, KY $675.0 -5.20% $910.0 1.00%
Versailles, KY $695.0 0.00% $1,199.0 0.00%

Methodology

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.

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