Apartments in 40509

1 - 25 of 25 Results
119
$918 - 1,392
300 Quinton Ct Lexington, KY
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
30
$1,475 - 2,909
2785 Polo Club Blvd Lexington, KY
1 - 3 BR | Available Now
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Cat Friendly
Luxury
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Surface Parking
21
3D Tour
$1,195 - 2,405
2365 Sir Barton Road Lexington, KY
1 - 2 BR | Available Now
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Luxury
In Unit Laundry
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Fitness Center
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25
$1,289 - 2,760
3170 Mapleleaf Dr Lexington, KY
1 - 3 BR | Available Now
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Luxury
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Surface Parking
11
$894 - 984
2875 Palumbo Dr. Lexington, KY
1 BR | Available Now
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Luxury
Section 8
Air Conditioning
11
$895
2845 Palumbo Drive Lexington, KY
1 BR | Available Now
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Luxury
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Balcony/Deck/Patio
8
$1,195
Lexington, KY
2 BR | Available Now
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Surface Parking
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Dishwasher
27
$1,050
2856 Hanna Pl Lexington, KY
2 BR | Ask for Availability
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Surface Parking
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Disability Access
35
$2,995
3376 Winchester Rd Lexington, KY
3 BR | May. 10, 2024
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Disability Access
24
$1,049 - 2,019
1809 Meeting St Lexington, KY
1 - 3 BR | Available Now
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10
$1,100
Lexington, KY
2 BR | May. 14, 2024
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Dishwasher
13
$1,250
Lexington, KY
3 BR | Available Now
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18
$1,500
Lexington, KY
Studio | Available Now
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House
28
$1,395
Lexington, KY
3 BR | Available Now
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Cat Friendly
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Surface Parking
Storage
23
$995 - 1,335
2498 Aristocracy Circle Lexington, KY
1 - 2 BR | Available Now
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Luxury
Townhome
Section 8
In Unit Laundry
Balcony/Deck/Patio
134
$3,750
Lexington, KY
5 BR | Available Now
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Storage
Dishwasher
Andover Forest
41
$2,395
Lexington, KY
3 BR | Available Now
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Storage
6
$740 - 880
175 N. Mt. Tabor Road Lexington, KY
1 - 2 BR | Available Now
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15
$595 - 930
3.2
175 N. Locust Hill Drive Lexington, KY
1 - 2 BR | Available Now
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Luxury
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Balcony/Deck/Patio
25
$1,895
Lexington, KY
3 BR | Available Now
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House
Storage
10
$685 - 875
305 Lindenhurst Dr Lexington, KY
1 - 2 BR | Available Now
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1
$1,050
Pinewood Court Lexington, KY
3 BR | Available Now
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Townhome
0
$1,027 - 1,198
PER
ROOM
Blackford Parkway Lexington, KY
2 - 3 BR | Ask for Availability
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1
$1,075
Lexington, KY
2 BR | Available Now
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Surface Parking
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1
$899
2841 Ryan Cir Lexington, KY
2 BR | Available Now
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1 - 25 of 25 Results
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  3. 40509

How much does it cost to rent an apartment in 40509?

40509 apartments
Bed Type Average Rent Range
Studio $1,500 $1,500 - $1,500
1BR $1,200 $680 - $1,510
2BR $1,260 $810 - $1,890
3BR $1,400 $1,130 - $2,550
Find an Apartment in 40509
Looking for apartments for rent near 40509 in Lexington, KY? Rentable has 132 units available for rent in this area. The average rent for apartments in 40509 is $1,320, with 1-bedroom units starting at $681.

With a range of floor plans and rental options available, Rentable's apartments near 40509 are sure to have something that fits your needs. Take a look at our listings and find your perfect rental in the 40509 area of Lexington, KY.

Lexington:
May Rent Report

Welcome to the May 2024 Lexington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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

$1,350
$1,010
$680
$340
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
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 0.65% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $935.0.

When we take a look at the two-bedroom comparison from April to May, Lexington experienced a 2.18% increase for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,171.0.

May Prices: Lexington vs. Surrounding Areas

Nicholasville, KY
Georgetown, KY
Lexington, KY
Frankfort, KY
Winchester, KY
Richmond, KY
Versailles, KY
Millersburg, KY
$1,239
$1,071
$929
$919
$913
$729
$695
$675
$0
$450
$900
$1,350
$1,800
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 Nicholasville, KY .

  • Rent decreased in Richmond, KY, Winchester, KY, Frankfort, KY, Georgetown, KY, Millersburg, KY, Versailles, KY.

  • 2 suburbs are currently priced higher than the city of Lexington.

  • 5 suburbs are currently priced lower than the city of Lexington.

May 2024 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
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$929
$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 $929.0 1.31% $1,146.0 1.33%
Nicholasville, KY $1,239.0 0.90% $1,497.0 0.81%
Richmond, KY $729.0 -0.95% $865.0 0.23%
Winchester, KY $913.0 -3.59% $1,066.0 3.60%
Frankfort, KY $919.0 -0.11% $1,509.0 15.99%
Georgetown, KY $1,071.0 -1.02% $1,192.0 2.94%
Millersburg, KY $675.0 -5.20% $910.0 1.00%
Versailles, KY $695.0 0.00% $1,199.0 0.00%

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.