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Apartments in 40508

1 - 30 of 54 Results
12
330 Newtown Apartments Apartment for rent in Lexington, KY
$883 - 1,227
330 Newtown Apartments
330 Newtown Pike Lexington, KY
1 - 3 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Disability Access
Dishwasher
1
Pio617 Apartment for rent in Lexington, KY
$1,100
Pio617
617 Ohio St Lexington, KY
2 BR | Jun. 10, 2025
Contact
Balcony/Deck/Patio
Dishwasher
7
192 York St Apartment for rent in Lexington, KY
$999
192 York St
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
M L King
18
835 W Maxwell St Apartment for rent in Lexington, KY
$1,725
835 W Maxwell St
Lexington, KY
2 BR | Available Now
Contact
House
Woodward Heights
1
903B The Flats At 345 Phase 2 Apartment for rent in Lexington, KY
$1,095 - 1,145
903B The Flats At 345 Phase 2
325 Blackburn Ave Lexington, KY
1 BR | Jun. 10, 2025
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
1
The Heights, Llc Apartment for rent in Lexington, KY
$850
The Heights, Llc
817 W High St Lexington, KY
1 BR | Aug. 3, 2025
Contact
Heat Included
Dog Friendly
Cat Friendly
Surface Parking
Storage
1
Njl145 Apartment for rent in Lexington, KY
$1,200
Njl145
145 Virginia Ave Lexington, KY
1 BR | Aug. 10, 2025
Contact
Surface Parking
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
15
109 Hagerman Ct Apartment for rent in Lexington, KY
$750
109 Hagerman Ct
Lexington, KY
1 BR | Aug. 6, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Historic South Hill
12
401 Roosevelt Blvd Apartment for rent in Lexington, KY
$1,095
401 Roosevelt Blvd
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
St. Martins Village
10
117 Hagerman Ct Apartment for rent in Lexington, KY
$735
117 Hagerman Ct
Lexington, KY
1 BR | Aug. 6, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Historic South Hill
32
115 W Loudon Ave Apartment for rent in Lexington, KY
$950
115 W Loudon Ave
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Air Conditioning
M L King
20
525 Smith St Apartment for rent in Lexington, KY
$1,249
525 Smith St
Lexington, KY
2 BR | Jun. 7, 2025
Contact
Dog Friendly
Cat Friendly
House
10
415 N Martin Luther King Blvd Apartment for rent in Lexington, KY
$715
415 N Martin Luther King Blvd
Lexington, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
7
137 Eddie St Apartment for rent in Lexington, KY
$1,150
137 Eddie St
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
M L King
11
422 E Second St Apartment for rent in Lexington, KY
$825
422 E Second St
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
16
787 Bennett Ave Apartment for rent in Lexington, KY
$725
787 Bennett Ave
Lexington, KY
1 BR | Available Now
Contact
Pleasant Green Hill
14
529 Smith St Apartment for rent in Lexington, KY
$1,099
529 Smith St
Lexington, KY
2 BR | Jun. 7, 2025
Contact
Dog Friendly
Cat Friendly
House
17
423 N Martin Luther King Blvd Apartment for rent in Lexington, KY
$795
423 N Martin Luther King Blvd
Lexington, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
4
Signature Apartment for rent in Lexington, KY
$1,040
PER
ROOM
Signature
840 Angliana Ave Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Pleasant Green Hill
3
903 The Flats At 345 Apartment for rent in Lexington, KY
$1,220 - 1,775
903 The Flats At 345
345 Blackburn Ave Lexington, KY
1 - 2 BR | Jun. 13, 2025
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
14
405 Roosevelt Apartment for rent in Lexington, KY
$1,495
405 Roosevelt
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
St. Martins Village
6
$795
468 N. Limestone
Lexington, KY
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
18
$1,595
908 Charles Ave
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
38
$729
265 Lyndhurst Pl
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Aylesford
12
$1,000
812 W. Maxwell Street Unit 2
Lexington, KY
1 BR | Jul. 30, 2025
Contact
House
Woodward Heights
1
$1,350
2 Bedroom Near Law School!
120 Montmullin St Unit A Lexington, KY
2 BR | Jul. 1, 2025
Contact
Dog Friendly
Cat Friendly
House
Downtown
1
$1,500
627 N Martin Luther King Blvd
Lexington, KY
4 BR | Jun. 17, 2025
Contact
Dishwasher
M L King
1
$1,500
631 North Broadway Unit 103
Lexington, KY
4 BR | Available Now
Contact
House
M L King
1
$1,800
724 Charles Ave
Lexington, KY
4 BR | Jun. 15, 2025
Contact
Dog Friendly
Cat Friendly
House
1
$899
Race
Race St Lexington, KY
3 BR | Available Now
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1 - 30 of 54 Results
  1. Home
  2. Lexington
  3. 40508

How much does it cost to rent an apartment in 40508?

40508 apartments
Bed Type Average Rent Range
Studio $800 $720 - $1,050
1BR $880 $670 - $1,280
2BR $1,060 $1,010 - $1,780
3BR $1,230 $910 - $1,580
4+BR $1,740 $1,500 - $2,500
Frequently Asked Questions

How many apartments are available in 40508 on Rentable.co?

Rentable.co has 54 apartments available for rent in 40508.

What is the average rent for an apartment in 40508?

The average rent for an apartment in 40508 is around $1,060 per month.

What is the average rent for a one-bedroom apartment in 40508?

The average rent for a one-bedroom apartment in 40508 is around $883 per month.

What is the average rent for a two-bedroom apartment in 40508?

The average rent for a two-bedroom apartment in 40508 is around $1,061 per month.

What is the average rent for a studio apartment in 40508?

The average rent for a studio apartment in 40508 is around $795 per month.

Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 112 available units in this area. The average rent in 40508 is $1,060, with the lowest rent for a 1-bedroom floor plan starting at $669.

The top neighborhoods in 40508 are Downtown, Historic South Hill, and Aylesford. Living in one of these neighborhoods will give you easy access to all that downtown Lexington has to offer, including restaurants, shops, and entertainment venues.

If you enjoy spending time outdoors, there are several parks near the 40508 zip code. One popular option is Woodland Park, which features walking trails, a playground, and picnic areas. Additionally, nearby Gratz Park offers a serene green space in the heart of the city.

If you're searching for apartments near 40508, Rentable has a variety of options that may suit your needs. Browse our listings to find the perfect rental in this vibrant area of Lexington.

Lexington:
June Rent Report

Welcome to the June 2025 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
1 BR       2 BR

Lexington Rent Prices Increase From May to June

Lexington rent prices increased over the last month. From May to June, the city experienced a 0.83% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $1,094.0.

When we take a look at the two-bedroom comparison from May to June, Lexington experienced a -0.97% decrease for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,332.0.

June Prices: Lexington vs. Surrounding Areas

Nicholasville, KY
Georgetown, KY
Lexington, KY
Frankfort, KY
Millersburg, KY
Richmond, KY
Winchester, KY
Harrodsburg, KY
$1,475
$1,173
$1,085
$884
$795
$740
$704
$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.

June 2025 Pricing Trends: Lexington vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
Lexington, KY
$4,101
$3,197
$2,350
$2,316
$1,870
$1,341
$1,263
$1,247
$1,085
$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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Lexington, KY $1,085.0 2.65% $1,345.0 0.67%
Nicholasville, KY $1,475.0 0.00% $1,514.0 0.20%
Winchester, KY $704.0 -9.51% $1,078.0 0.56%
Georgetown, KY $1,173.0 -3.46% $1,533.0 -4.37%
Richmond, KY $740.0 0.82% $990.0 0.51%
Frankfort, KY $884.0 -4.84% $1,886.0 5.13%
Harrodsburg, KY $699.0 0.00% $803.0 -0.12%
Millersburg, KY $795.0 0.00% $1,057.0 16.80%

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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