Apartments in 40505

1 - 17 of 17 Results

5

200 The Ascent1555 Apartment for rent in Lexington, KY

$925 - 1,125

200 The Ascent1555

1555 Eastland Pkwy Lexington, KY

Studio - 1 BR | Available Now

Contact

Heat Included

Dog Friendly

Cat Friendly

Storage

Dishwasher

1

Revive 1749 - All Utilities Incl Apartment for rent in Lexington, KY

$975 - 1,175

Revive 1749 - All Utilities Incl

1749 Liberty Rd Lexington, KY

1 - 2 BR | Available Now

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Dog Friendly

Cat Friendly

Storage

Disability Access

21

511 Freeman Dr Apartment for rent in Lexington, KY

$1,699

511 Freeman Dr

Lexington, KY

4 BR | Available Now

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Dog Friendly

Cat Friendly

House

1

Fhw916 Apartment for rent in Lexington, KY

$975

Fhw916

916 N Limestone St Lexington, KY

1 BR | Available Now

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Dog Friendly

Cat Friendly

Surface Parking

Storage

Disability Access

1

Fhw914 Apartment for rent in Lexington, KY

$975

Fhw914

914 N Limestone St Lexington, KY

1 BR | Available Now

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Dog Friendly

Cat Friendly

Surface Parking

Storage

Disability Access

1

Vat1855 Apartment for rent in Lexington, KY

$925

Vat1855

1855 Dalton Ct Lexington, KY

1 BR | Available Now

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Heat Included

Dog Friendly

Cat Friendly

Surface Parking

Storage

2

400 Gatehouse Apartment for rent in Lexington, KY

$1,025 - 1,205

400 Gatehouse

1825 Liberty Rd Lexington, KY

1 - 2 BR | Available Now

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Dog Friendly

Cat Friendly

Storage

15

202 Hillcrest Ave Apartment for rent in Lexington, KY

$1,549

202 Hillcrest Ave

Lexington, KY

3 BR | Available Now

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Dog Friendly

Cat Friendly

House

17

125 Devonin Ave Apartment for rent in Lexington, KY

$1,500

125 Devonin Ave

Lexington, KY

Studio | Available Now

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Dog Friendly

Cat Friendly

House

M L King

0

Heritage Hills - 1 Bedroom 1 Bath - New Ownership Apartment for rent in Lexington, KY

$725

Heritage Hills - 1 Bedroom 1 Bath - New Ownership

1708 Jennifer Rd Lexington, KY

Studio - 1 BR | Ask for Availability

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0

Heritage Hills - 1 Bedroom 1 Bath - New Ownership Apartment for rent in Lexington, KY

$699 - 775

Heritage Hills - 1 Bedroom 1 Bath - New Ownership

1708 Jennifer Rd Lexington, KY

1 BR | Ask for Availability

Contact

0

1582 Martha Ct Apartment for rent in Lexington, KY

$899 - 1,050

1582 Martha Ct

Lexington, KY

2 BR | Ask for Availability

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1

Lev Apartment for rent in Lexington, KY

$1,100

Lev

1940 1942 Wickland Dr Lexington, KY

2 BR | Available Now

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1

Had1318 Apartment for rent in Lexington, KY

$825

Had1318

1318 Highland Park Dr Lexington, KY

1 BR | Available Now

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Dog Friendly

Cat Friendly

Balcony/Deck/Patio

Meadows - Loudon

4

Continental Square Apartment for rent in Lexington, KY

$539 - 719

Continental Square

3.6

1508 Continental Square Dr. Lexington, KY

Studio - 2 BR | Available Now

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Dog Friendly

Cat Friendly

6

Parkway Plaza Apartment for rent in Lexington, KY

$555 - 725

PER ROOM
& UNIT

Parkway Plaza

2.3

431 Rogers Road P-2 Lexington, KY

1 - 3 BR | Available Now

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1

673 Anniston Dr Apartment for rent in Lexington, KY

$950

673 Anniston Dr

Lexington, KY

2 BR | Available Now

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Air Conditioning

In Unit Laundry

1 - 17 of 17 Results

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Lexington
40505

Find an Apartment in 40505

Looking for apartments for rent in the 40505 zip code of Lexington, KY? Rentable has a variety of options available for you! Currently, there are 36 units for rent in this area. The average rent in 40505 is $980, and you can find studio units starting at just $539.

The top neighborhoods in 40505 are M and L King. These neighborhoods offer convenient access to nearby amenities and parks, making it a great location to consider when searching for a new apartment.

If you're looking for apartments near 40505 in Lexington, KY, Rentable has you covered. We have a wide range of options available to suit your needs and preferences. Explore our listings today and find your perfect rental in the 40505 area!

Lexington:
May Rent Report

Welcome to the May 2025 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2025 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

$1,400

$1,050

$700

$350

$0

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

Jan. 2025

Feb. 2025

Mar. 2025

Apr. 2025

May. 2025

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 2.65% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $1,085.0.

When we take a look at the two-bedroom comparison from April to May, Lexington experienced a 0.67% increase for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,345.0.

May Prices: Lexington vs. Surrounding Areas

Nicholasville, KY

Georgetown, KY

Lexington, KY

Frankfort, KY

Millersburg, KY

Winchester, KY

Richmond, KY

Harrodsburg, KY

$1,475

$1,215

$1,057

$929

$795

$778

$734

$699

$0

$500

$1,000

$1,500

$2,000

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 Richmond, KY .
Rent decreased in Nicholasville, KY, Winchester, KY, Georgetown, KY, Frankfort, KY, Harrodsburg, KY, Millersburg, KY.
2 suburbs are currently priced higher than the city of Lexington.
5 suburbs are currently priced lower than the city of Lexington.

May 2025 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

$4,098

$3,173

$2,343

$2,342

$1,887

$1,310

$1,243

$1,230

$1,057

$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	$1,057.0	2.13%	$1,336.0	0.98%
Nicholasville, KY	$1,475.0	0.00%	$1,511.0	-0.20%
Winchester, KY	$778.0	-9.01%	$1,072.0	1.61%
Georgetown, KY	$1,215.0	-2.57%	$1,603.0	-2.44%
Frankfort, KY	$929.0	-0.64%	$1,794.0	3.22%
Richmond, KY	$734.0	0.55%	$985.0	0.72%
Harrodsburg, KY	$699.0	0.00%	$804.0	-0.99%
Millersburg, KY	$795.0	0.00%	$905.0	-4.84%

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.