Apartments in 40505

1 - 20 of 20 Results
19
$1,800
1012 Liberty Rd Lexington, KY
4 BR | May. 17, 2024
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Dog Friendly
House
Storage
23
$800
1851 Dalton Ct Lexington, KY
1 BR | Ask for Availability
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Heat Included
Dog Friendly
Cat Friendly
Surface Parking
Storage
4
$800
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
M L King
5
$850 - 1,025
1555 Eastland Pkwy Lexington, KY
Studio - 1 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Storage
Dishwasher
23
$800
150 Northland Dr Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
1
$925
1749 Liberty Rd Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
25
$1,050
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
M L King
12
$1,175
Lexington, KY
2 BR | May. 2, 2024
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Dog Friendly
House
Meadows - Loudon
46
$1,695
Lexington, KY
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
1
$750
Lexington, KY
1 BR | Available Now
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Storage
Disability Access
M L King
14
$950
Lexington, KY
2 BR | Available Now
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House
Air Conditioning
In Unit Laundry
2
$995 - 1,125
1825 Liberty Rd Lexington, KY
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
11
$1,050
Lexington, KY
2 BR | Available Now
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Storage
Disability Access
Dishwasher
23
$1,800
Lexington, KY
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Surface Parking
Storage
$1,500
563 Emerson Dr Lexington, KY
2 BR | May. 8, 2024
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Dog Friendly
Cat Friendly
House
Meadows - Loudon
10
$1,400
Lexington, KY
3 BR | May. 10, 2024
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Dog Friendly
Cat Friendly
Storage
M L King
4
$539 - 719
1508 Continental Square Dr. Lexington, KY
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,500
Lexington, KY
3 BR | May. 31, 2024
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Dog Friendly
Cat Friendly
House
Storage
Meadows - Loudon
6
$555 - 725
PER ROOM
& UNIT
431 Rogers Road P-2 Lexington, KY
1 - 3 BR | Available Now
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1
$950
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
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Air Conditioning
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1 - 20 of 20 Results
  1. Home
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  3. 40505

How much does it cost to rent an apartment in 40505?

40505 apartments
Bed Type Average Rent Range
Studio $850 $540 - $900
1BR $800 $570 - $1,010
2BR $1,050 $690 - $1,500
3BR $1,450 $1,400 - $1,500
4+BR $1,800 $1,700 - $1,800
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 40 units for rent in this area. The average rent in 40505 is $950, 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:
April Rent Report

Welcome to the April 2024 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Lexington Rent Prices Increase From March to April

Lexington rent prices increased over the last month. From March to April, the city experienced a 1.31% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $929.0.

When we take a look at the two-bedroom comparison from March to April, Lexington experienced a 1.33% increase for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,146.0.

April Prices: Lexington vs. Surrounding Areas

Nicholasville, KY
Winchester, KY
Frankfort, KY
Lexington, KY
Richmond, KY
Millersburg, KY
$1,228
$947
$920
$917
$736
$712
$0
$400
$800
$1,200
$1,600
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 3 of the Lexington suburbs 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 Nicholasville, KY, Winchester, KY, Frankfort, KY .

  • Rent decreased in Richmond, KY, Millersburg, KY.

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

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

April 2024 Pricing Trends: Lexington vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Lexington, KY
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$917
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Lexington, KY $917.0 1.78% $1,131.0 -0.96%
Richmond, KY $736.0 -3.54% $863.0 -3.25%
Nicholasville, KY $1,228.0 3.02% $1,485.0 1.43%
Winchester, KY $947.0 0.32% $1,029.0 1.38%
Frankfort, KY $920.0 1.10% $1,301.0 -1.29%
Millersburg, KY $712.0 -0.14% $901.0 0.11%

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.