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Apartments in 40508

31 - 51 of 51 Results
41
The Flats At 345 Apartment for rent in Lexington, KY
$970 - 1,595
The Flats At 345
345 Blackburn Ave Lexington, KY
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
In Unit Laundry
14
805 Press Avenue Apartment for rent in Lexington, KY
$825
805 Press Avenue
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
48
Limestone Square Apartments Apartment for rent in Lexington, KY
$620 - 920
PER ROOM
& UNIT
Limestone Square Apartments
129 Transcript Avenue Lexington, KY
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Student
Virtual Tour
In Unit Laundry
18
398 Linden Walk Apartment for rent in Lexington, KY
$655 - 990
398 Linden Walk
Lexington, KY
1 - 2 BR | Available Now
Contact
Air Conditioning
7
417 Woodland Ave Apartment for rent in Lexington, KY
$540 - 550
417 Woodland Ave
Lexington, KY
1 - 5 BR | Available Now
Contact
In Unit Laundry
Dishwasher
20
The Wyatt Apartment for rent in Lexington, KY
$525 - 909
PER
ROOM
The Wyatt
2.2
497 Angliana Avenue Lexington, KY
1 - 4 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Student
16
178 Leader Avenue Apartment for rent in Lexington, KY
$825
178 Leader Avenue
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
23
521/527 E. Main Street Apartment for rent in Lexington, KY
$1,195
521/527 E. Main Street
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Aylesford Place
14
145 Transcript Avenue Apartment for rent in Lexington, KY
$1,495
PER
ROOM
145 Transcript Avenue
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
14
Bluegrass Commons Apartment for rent in Lexington, KY
$950
Bluegrass Commons
165 Virginia Avenue Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
18
135 Transcript Avenue Apartment for rent in Lexington, KY
$1,095
PER
BED
135 Transcript Avenue
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Short-term
Air Conditioning
12
426 E 5th St Apartment for rent in Lexington, KY
$1,050
426 E 5th St
Lexington, KY
Studio | Available Now
Contact
House
20
159 Gazette Avenue Apartment for rent in Lexington, KY
$845
159 Gazette Avenue
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
21
140 Gazette Avenue Apartment for rent in Lexington, KY
$1,400
PER
BED
140 Gazette Avenue
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
9
425 N Martin Luther King Blvd Apartment for rent in Lexington, KY
$845
425 N Martin Luther King Blvd
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
3
418 E Maxwell Apartment for rent in Lexington, KY
$2,025 - 2,700
PER
ROOM
418 E Maxwell
Lexington, KY
3 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
Aylesford
1
235 Lexington Apartment for rent in Lexington, KY
$1,875
PER
ROOM
235 Lexington
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
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Dishwasher
Historic South Hill
2
312 South Upper Apartment for rent in Lexington, KY
$1,500
PER
ROOM
312 South Upper
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
Historic South Hill
1
$1,740
232 Conn Terrace
Lexington, KY
4 BR | Available Now
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Student
1
$1,740
236 Conn Terrace
Lexington, KY
4 BR | Available Now
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Student
1
$1,700
257 Lexington Ave
Lexington, KY
4 BR | Available Now
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Student
31 - 51 of 51 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 $750 $700 - $1,050
1BR $880 $610 - $1,260
2BR $1,060 $980 - $1,780
3BR $1,230 $840 - $1,800
4+BR $1,740 $1,500 - $1,800
Frequently Asked Questions

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

Rentable.co has 51 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 $750 per month.

Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 109 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 $607.

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:
May Rent Report

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

Lexington Rent Prices Increase From April to May

Lexington rent prices increased over the last month. From April to May, the city experienced a 2.65% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $1,085.0.

When we take a look at the two-bedroom comparison from April to May, Lexington experienced a 0.67% increase for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,345.0.

May Prices: Lexington vs. Surrounding Areas

Nicholasville, KY
Georgetown, KY
Lexington, KY
Frankfort, KY
Millersburg, KY
Winchester, KY
Richmond, KY
Harrodsburg, KY
$1,475
$1,215
$1,057
$929
$795
$778
$734
$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.

May 2025 Pricing Trends: Lexington vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Lexington, KY
$4,098
$3,173
$2,343
$2,342
$1,887
$1,310
$1,243
$1,230
$1,057
$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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Lexington, KY $1,057.0 2.13% $1,336.0 0.98%
Nicholasville, KY $1,475.0 0.00% $1,511.0 -0.20%
Winchester, KY $778.0 -9.01% $1,072.0 1.61%
Georgetown, KY $1,215.0 -2.57% $1,603.0 -2.44%
Frankfort, KY $929.0 -0.64% $1,794.0 3.22%
Richmond, KY $734.0 0.55% $985.0 0.72%
Harrodsburg, KY $699.0 0.00% $804.0 -0.99%
Millersburg, KY $795.0 0.00% $905.0 -4.84%

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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