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Apartments in 40508

1 - 30 of 76 Results
12
$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
8
$650
308 East 7th
308 E 7th St Lexington, KY
Studio | May. 2, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
M L King
14
$3,750
Fpr305
305 Grosvenor Ave Lexington, KY
1 BR | Available Now
Contact
Heat Included
Storage
Aylesford
18
$1,095
PER
BED
135 Transcript Avenue
Lexington, KY
2 BR | Jul. 31, 2024
Contact
Dog Friendly
Cat Friendly
Student
Short-term
Air Conditioning
14
$950
Bluegrass Commons
165 Virginia Avenue Lexington, KY
1 BR | Aug. 1, 2024
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
21
$1,400
PER
BED
140 Gazette Avenue
Lexington, KY
2 BR | Aug. 1, 2024
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
6
$850
Ukpress Llc
823 Press Ave Lexington, KY
1 BR | Aug. 7, 2024
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
16
$825
178 Leader Avenue
Lexington, KY
1 BR | Jul. 31, 2024
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
21
$900
544 Pemberton
544 Pemberton St Lexington, KY
2 BR | Jun. 30, 2024
Contact
Dog Friendly
14
$825
805 Press Avenue
Lexington, KY
1 BR | Aug. 1, 2024
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
25
$725
568 N Broadway St
Lexington, KY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
13
$1,975
584 Bolivar St
Lexington, KY
2 BR | Aug. 6, 2024
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
20
$845
159 Gazette Avenue
Lexington, KY
1 BR | Aug. 1, 2024
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
14
$1,495
PER
ROOM
145 Transcript Avenue
Lexington, KY
3 BR | Aug. 1, 2024
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
24
$1,100
Njl145
145 Virginia Ave Lexington, KY
1 BR | Aug. 12, 2024
Contact
Surface Parking
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
23
$1,195
521/527 E. Main Street
Lexington, KY
1 BR | Jun. 15, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Aylesford Place
27
$1,100
Mcl
145-155 Virginia Ave Lexington, KY
1 BR | Aug. 12, 2024
Contact
Surface Parking
Storage
Disability Access
Dishwasher
North Elizabeth St
7
$1,095
227 E 7th St
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
M L King
12
$1,125
459 Georgetown St
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
7
$825
367 N Martin Luther King Blvd
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$1,175
343 Chestnut St
Lexington, KY
3 BR | Available Now
Contact
House
18
$675 - 695
550 Smith St
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
25
$2,750
356 Merino St #101
Lexington, KY
3 BR | Jul. 25, 2024
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Woodward Heights
19
$1,395
434 N Martin Luther King Blvd #101
Lexington, KY
2 BR | Aug. 1, 2024
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
7
$925
545 Ohio St
Lexington, KY
1 BR | Apr. 30, 2024
Contact
Dog Friendly
Cat Friendly
House
9
$625
183 E 7th St
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
M L King
4
$1,095
423 N Martin Luther King Blvd
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
4
$825 - 1,420
PER
ROOM
Signature
840 Angliana Ave Lexington, KY
1 - 4 BR | Aug. 17, 2024
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Pleasant Green Hill
20
$825 - 1,200
522 E 7th St
Lexington, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
11
$950
907 Charles Ave
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
1 - 30 of 76 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 $730 $580 - $1,010
1BR $860 $620 - $1,200
2BR $1,060 $820 - $1,700
3BR $1,230 $700 - $2,390
4+BR $1,740 $1,450 - $2,400
Frequently Asked Questions

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

Rentable.co has 76 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 $960 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 $862 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 $725 per month.

Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 140 available units in this area. The average rent in 40508 is $900, with the lowest rent for a studio floor plan starting at $575.

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:
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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