Apartments in 40507

1 - 4 of 4 Results
27
$1,145 - 1,745
180 N Martin Luther King Boulevard Lexington, KY
Studio | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
16
$955
121 N Martin Luther King Blvd Unit 102 Lexington, KY
1 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
Historic South Hill
2
$1,395
180 N Martin Luther King Blvd Lexington, KY
Studio | Jul. 6, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Fitness Center
Storage
13
$1,500
Lexington, KY
2 BR | Jul. 1, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1 - 4 of 4 Results
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How much does it cost to rent an apartment in 40507?

40507 apartments
Bed Type Average Rent Range
Studio $1,250 $1,150 - $1,400
Find an Apartment in 40507
Looking for apartments for rent in 40507 Lexington, KY? Rentable has a variety of options available in this area. Currently, there are 5 units available for rent in the 40507 zip code. The average rent in 40507 is $1,250, and you can find studio units starting at $1,145.

If you're looking for a vibrant neighborhood, Aylesford is a top choice in 40507. It offers a great community atmosphere and a range of amenities.

When you live in 40507, you'll have convenient access to nearby parks, points of interest, and neighborhoods. Take advantage of the beautiful parks in the area, explore the local shops and restaurants, or immerse yourself in the cultural attractions nearby.

Are you ready to find your next rental? Explore Rentable's apartments near 40507 and discover the perfect place to call home in Lexington, KY.

Lexington:
June Rent Report

Welcome to the June 2026 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2026 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
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
Jun. 2026
1 BR       2 BR

Lexington Rent Prices Decrease From May to June

Lexington rent prices decreased over the last month. From May to June, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from May to June, Lexington experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $.

June Prices: Lexington vs. Surrounding Areas

Rent Prices in Lexington and Surrounding Areas

Rent prices have decreased 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 0 of the Lexington suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Lexington suburbs

  • Rents did not decrease in any of the Lexington suburbs.

June 2026 Pricing Trends: Lexington vs. National Comparisons

Lexington Rent Prices More Affordable Than Major Cities

Rent growth in Lexington over the past year has been declining. 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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change

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.