Apartments in 40508

1 - 30 of 66 Results
12
$883 - 1,227
330 Newtown Pike Lexington, KY
1 - 3 BR | Available Now
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Luxury
Air Conditioning
Covered Parking
Disability Access
Dishwasher
12
$1,679
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
22
$2,250
Lexington, KY
2 BR | Aug. 4, 2026
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
11
$1,695
Lexington, KY
3 BR | Dec. 8, 2025
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
14
$1,050
Lexington, KY
2 BR | Aug. 7, 2026
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Historic South Hill
1
$1,200
145 Virginia Ave Lexington, KY
1 BR | Jan. 1, 2026
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Surface Parking
Storage
Disability Access
Dishwasher
North Elizabeth St
13
$1,595
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
19
$739
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Aylesford
18
$1,595 - 2,250
Lexington, KY
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
14
$1,800
Lexington, KY
3 BR | Aug. 7, 2026
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Downtown
11
$1,200 - 1,550
Lexington, KY
1 - 2 BR | Available Now
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Historic South Hill
3
$1,195 - 1,725
345 Blackburn Ave Lexington, KY
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
15
$1,350
Lexington, KY
3 BR | Dec. 10, 2025
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Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
10
$875
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
10
$1,295
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$945 - 1,145
129 Transcript Ave #2 Lexington, KY
1 BR | Jul. 10, 2026
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Dog Friendly
Cat Friendly
Surface Parking
Storage
North Elizabeth St
24
$1,025
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
St. Martins Village
1
$820 - 1,120
129 Transcript Ave #2 Lexington, KY
1 - 3 BR | Jun. 10, 2026
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Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
7
$995
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
M L King
11
$1,450
Lexington, KY
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
1
$1,299
550 Georgetown St Lexington, KY
2 BR | Available Now
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House
Surface Parking
Storage
12
$1,195
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
19
$1,250
Lexington, KY
1 BR | Available Now
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House
M L King
14
$2,300
Lexington, KY
2 BR | Aug. 4, 2026
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Dog Friendly
Cat Friendly
House
Dishwasher
Historic South Hill
14
$850
Lexington, KY
2 BR | Aug. 7, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Historic South Hill
29
$2,400
Lexington, KY
4 BR | Aug. 1, 2026
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House
1
$1,145 - 1,225
325 Blackburn Ave Lexington, KY
1 BR | Jan. 9, 2026
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Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
1
$900
817 W High St Lexington, KY
1 BR | Jan. 1, 2026
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Heat Included
Dog Friendly
Cat Friendly
Surface Parking
Storage
21
$1,550
Lexington, KY
4 BR | Dec. 9, 2025
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Dishwasher
M L King
9
$1,200
Lexington, KY
2 BR | Aug. 7, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Historic South Hill
1 - 30 of 66 Results
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  3. 40508

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

40508 apartments
Bed Type Average Rent Range
Studio $870 $850 - $1,050
1BR $1,120 $660 - $1,350
2BR $1,060 $930 - $2,250
3BR $1,230 $820 - $1,870
4+BR $1,740 $1,450 - $2,400
Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 153 available units in this area. The average rent in 40508 is $1,160, with the lowest rent for a 1-bedroom floor plan starting at $657.

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:
December Rent Report

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

Lexington Rent Prices Decrease From November to December

Lexington rent prices decreased over the last month. From November to December, 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 November to December, 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 $.

December 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.

December 2025 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 December 1 BR M/M % Change 2 BR December 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.