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Apartments in 40508

31 - 49 of 49 Results
14
$825
805 Press Avenue
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
48
$620 - 920
PER ROOM
& UNIT
Limestone Square Apartments
129 Transcript Avenue Lexington, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
In Unit Laundry
7
$540 - 550
417 Woodland Ave
Lexington, KY
1 - 5 BR | Available Now
Contact
In Unit Laundry
Dishwasher
20
$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
$825
178 Leader Avenue
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
14
$1,495
PER
ROOM
145 Transcript Avenue
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
18
$1,095
PER
BED
135 Transcript Avenue
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Short-term
Air Conditioning
14
$950
Bluegrass Commons
165 Virginia Avenue Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
21
$1,400
PER
BED
140 Gazette Avenue
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
20
$845
159 Gazette Avenue
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
12
$1,050
426 E 5th St
Lexington, KY
Studio | Available Now
Contact
House
18
$655 - 990
398 Linden Walk
Lexington, KY
1 - 2 BR | Available Now
Contact
Air Conditioning
9
$845
425 N Martin Luther King Blvd
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,875
PER
ROOM
235 Lexington
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Historic South Hill
3
$2,025 - 2,700
PER
ROOM
418 E Maxwell
Lexington, KY
3 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Aylesford
2
$1,500
PER
ROOM
312 South Upper
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Historic South Hill
1
$1,740
232 Conn Terrace
Lexington, KY
4 BR | Available Now
Contact
Student
1
$1,740
236 Conn Terrace
Lexington, KY
4 BR | Available Now
Contact
Student
1
$1,700
257 Lexington Ave
Lexington, KY
4 BR | Available Now
Contact
Student
31 - 49 of 49 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 $1,000 $670 - $1,050
1BR $880 $620 - $1,150
2BR $1,060 $960 - $1,820
3BR $1,230 $820 - $1,770
4+BR $1,740 $1,700 - $1,740
Frequently Asked Questions

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

Rentable.co has 49 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 $995 per month.

Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 122 available units in this area. The average rent in 40508 is $1,060, with the lowest rent for a studio floor plan starting at $589.

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

$1,400
$1,050
$700
$350
$0
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
1 BR       2 BR

Lexington Rent Prices Decrease From April to May

Lexington rent prices decreased over the last month. From April to May, 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 April to May, 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 $.

May 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.

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

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