Rent in Lexington, KY
Across Lexington's 37 ZIP codes, a 2-bedroom typically rents for about $1,416 a month, with figures from $995–$1,710. The highest typical rent is in 40507 ($1,710) and the lowest in 40505 ($995). 13 ZIPs have ZIP-level figures from HUD or Census; the other 24 use the county Fair Market Rent. Owner-occupied homes in Fayette County pay about 0.87% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $986 | $606–$1,176 | 37 |
| 1 bed | $1,205 | $765–$1,378 | 37 |
| 2 beds | $1,416 | $995–$1,710 | 37 |
| 3 beds | $1,948 | $1,303–$1,948 | 37 |
| 4 beds | $2,108 | $1,183–$2,500 | 37 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Lexington ZIP codes
2 beds- 40502$1,188–$1,416
- 40503$1,238–$1,416
- 40504$1,020–$1,416
- 40505$995–$1,416
- 40506$1,416
- 40507$1,416–$1,710
- 40508$1,028–$1,416
- 40509$1,355–$1,416
- 40510$1,416
- 40511$1,068–$1,416
- 40512$1,416
- 40513$1,416–$1,457
- 40514$1,416–$1,635
- 40515$1,328–$1,416
- 40516$1,125–$1,416
- 40517$1,112–$1,416
- 40522$1,416
- 40523$1,416
- 40524$1,416
- 40526$1,416
- 40533$1,416
- 40536$1,416
- 40544$1,416
- 40546$1,416
- 40555$1,416
- 40574$1,416
- 40575$1,416
- 40576$1,416
- 40577$1,416
- 40578$1,416
- 40579$1,416
- 40580$1,416
- 40581$1,416
- 40582$1,416
- 40583$1,416
- 40588$1,416
- 40591$1,416
Frequently asked questions
- What is the average rent for a 2-bedroom in Lexington, KY?
- About $1,416 a month: the median of the typical rents in 37 ZIP codes, which range from $995–$1,710. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lexington, KY?
- About $1,205 a month: the median of the typical rents in 37 ZIP codes, which range from $765–$1,378. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lexington, KY?
- About $1,948 a month: the median of the typical rents in 37 ZIP codes, which range from $1,303–$1,948. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lexington, KY?
- About $986 a month: the median of the typical rents in 37 ZIP codes, which range from $606–$1,176. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lexington, KY?
- About $2,108 a month: the median of the typical rents in 37 ZIP codes, which range from $1,183–$2,500. Figures are gross rent (rent plus tenant-paid utilities).
- Which Lexington ZIP code has the highest rent?
- For a 2-bedroom, 40507 has the highest typical rent at $1,710 a month, and 40505 the lowest at $995.
- What is the property tax rate in Lexington, KY?
- Owner-occupied homes in Fayette County pay a typical 0.87% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Lexington rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).