How many apartments are available in 40507 on Rentable.co?

Rentable.co has 4 apartments available for rent in 40507.

What is the average rent for an apartment in 40507?

The average rent for an apartment in 40507 is around $1,150 per month.

What is the average rent for a one-bedroom apartment in 40507?

The average rent for a one-bedroom apartment in 40507 is around $850 per month.

What is the average rent for a studio apartment in 40507?

The average rent for a studio apartment in 40507 is around $1,345 per month.

What is the average rent for a two-bedroom apartment in 40507?

The average rent for a two-bedroom apartment in 40507 is around $1,255 per month.

Apartments in 40507

Lexington:
December Rent Report

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

$1,300

$980

$650

$330

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Lexington Rent Prices Increase From November to December

Lexington rent prices increased over the last month. From November to December, the city experienced a 3.3% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $970.0.

When we take a look at the two-bedroom comparison from November to December, Lexington experienced a 2.62% increase for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,215.0.

December Prices: Lexington vs. Surrounding Areas

Nicholasville, KY

Lexington, KY

Winchester, KY

Frankfort, KY

Richmond, KY

$1,430

$939

$918

$879

$739

$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, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Winchester, KY .
Rent decreased in Nicholasville, KY, Richmond, KY, Frankfort, KY.
1 suburb is currently priced higher than the city of Lexington.
3 suburbs are currently priced lower than the city of Lexington.

December 2024 Pricing Trends: Lexington vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Lexington, KY

$4,134

$3,160

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$939

$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 December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Lexington, KY	$939.0	0.11%	$1,184.0	-0.17%
Nicholasville, KY	$1,430.0	-1.65%	$1,459.0	-5.08%
Richmond, KY	$739.0	-2.76%	$927.0	-5.22%
Winchester, KY	$918.0	0.44%	$1,082.0	4.64%
Frankfort, KY	$879.0	-10.67%	$1,705.0	2.65%

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.