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Apartments in 40507

1 - 6 of 6 Results
7
$130 - 968
Rose Tower
Deal
2.8
137 Rose St Lexington, KY
Studio - 1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
48
$1,895
Coming In August! Beautiful Townhouse In Opera House Square! In Downtown Area
541 W Short St Unit 27 Lexington, KY
2 BR | Aug. 12, 2024
Contact
House
Surface Parking
Storage
Dishwasher
Woodward Heights
12
$749
264 E High St
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Aylesford
18
$1,160
256 E High St
Lexington, KY
2 BR | May. 8, 2024
Contact
Dog Friendly
Cat Friendly
Aylesford
2
$1,145 - 1,545
906 Studios180
180 N Martin Luther King Blvd Lexington, KY
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Fitness Center
Storage
27
$1,145 - 1,745
Studios180
180 N Martin Luther King Boulevard Lexington, KY
Studio | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
1 - 6 of 6 Results
  1. Home
  2. Lexington
  3. 40507

How much does it cost to rent an apartment in 40507?

40507 apartments
Bed Type Average Rent Range
Studio $1,350 $1,150 - $1,550
1BR $860 $750 - $970
2BR $850 $130 - $1,900
Frequently Asked Questions

How many apartments are available in 40507 on Rentable.co?

Rentable.co has 6 apartments available for rent in 40507.

What is the average rent for an apartment in 40507?

The average rent for an apartment in 40507 is around $1,150 per month.

What is the average rent for a one-bedroom apartment in 40507?

The average rent for a one-bedroom apartment in 40507 is around $858 per month.

What is the average rent for a studio apartment in 40507?

The average rent for a studio apartment in 40507 is around $1,345 per month.

What is the average rent for a two-bedroom apartment in 40507?

The average rent for a two-bedroom apartment in 40507 is around $850 per month.

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 11 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:
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.

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