Apartments in 40508

1 - 30 of 63 Results
12
$821 - 1,377
330 Newtown Pike Lexington, KY
1 - 3 BR | Available Now
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Luxury
Air Conditioning
Covered Parking
Disability Access
Dishwasher
1
$895
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$2,290 - 2,325
858 W Main St Lexington, KY
3 BR | Available Now
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Dishwasher
7
$1,300
400-418 Aylesford Pl Lexington, KY
2 BR | Aug. 12, 2027
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
8
$1,150
Lexington, KY
2 BR | Nov. 18, 2026
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Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
7
$895
337 Linden Walk Lexington, KY
Studio | Aug. 12, 2027
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Cat Friendly
Surface Parking
Storage
Disability Access
Aylesford
5
$895
336 Transylvania Park Lexington, KY
Studio | Aug. 12, 2027
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Cat Friendly
Air Conditioning
Surface Parking
Storage
Disability Access
10
$850
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
11
$1,199
Lexington, KY
3 BR | Available Now
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Dog Friendly
House
3
$1,245 - 1,775
345 Blackburn Ave Lexington, KY
1 - 2 BR | Jan. 8, 2027
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Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
7
$795
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$1,225 - 1,275
325 Blackburn Ave Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
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Dishwasher
1
$820 - 1,195
129 Transcript Ave #2 Lexington, KY
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
12
$1,199
Lexington, KY
3 BR | Available Now
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Dog Friendly
House
14
$1,595
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
14
$1,450
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
21
$1,650
Lexington, KY
3 BR | Available Now
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House
M L King
3
$895
317 Transylvania Park Lexington, KY
Studio | Aug. 12, 2027
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Cat Friendly
Surface Parking
Storage
Disability Access
Aylesford
1
$1,110
Lexington, KY
2 BR | Aug. 5, 2027
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Cat Friendly
House
Surface Parking
Storage
Disability Access
14
$759
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Aylesford
2
$915
350 Linden Walk Lexington, KY
Studio | Aug. 12, 2027
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Air Conditioning
Surface Parking
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Disability Access
Aylesford
9
$1,360
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
M L King
10
$825
Lexington, KY
Studio | Available Now
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Dog Friendly
Cat Friendly
Historic South Hill
14
$1,195
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
14
$1,260
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
8
$1,319
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
13
$1,275
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Aylesford
21
$1,299
Lexingon, KY
4 BR | Available Now
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Dog Friendly
House
1
$975 - 1,185
129 Transcript Ave #2 Lexington, KY
1 BR | Jul. 9, 2027
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Dog Friendly
Cat Friendly
Surface Parking
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North Elizabeth St
23
$2,300
372 Aylesford Pl Lexington, KY
4 BR | Available Now
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Aylesford
1 - 30 of 63 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 $900 $830 - $1,050
1BR $1,030 $770 - $1,430
2BR $1,210 $1,000 - $1,780
3BR $1,380 $830 - $2,310
4+BR $1,740 $1,300 - $2,300
Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 128 available units in this area. The average rent in 40508 is $1,200, with the lowest rent for a studio floor plan starting at $695.

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:
November Rent Report

Welcome to the November 2026 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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

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Nov. 2026
1 BR       2 BR

Lexington Rent Prices Decrease From October to November

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

November 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.

November 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 November 1 BR M/M % Change 2 BR November 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.