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Apartments in 40508

1 - 30 of 76 Results
12
$1,061
330 Newtown Apartments
330 Newtown Pike Lexington, KY
2 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Disability Access
Dishwasher
14
$2,999 - 3,750
Fpr305
305 Grosvenor Ave Lexington, KY
5 BR | Available Now
Contact
Heat Included
Storage
Aylesford
27
$1,100
Mcl
145-155 Virginia Ave Lexington, KY
1 BR | Available Now
Contact
Surface Parking
Storage
Disability Access
Dishwasher
North Elizabeth St
5
$800
240 East Third
240 E Third St Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
28
$700 - 750
148 Rand Ave
Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
45
$1,875 - 2,125
220 Cedar St
Lexington, KY
2 BR | Aug. 5, 2025
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
10
$700
707-709 Paul Ave
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
St. Martins Village
23
$1,300
Vintage, Renovated Sf House! High Ceilings, Hw Floors, Covered Porch, Off-street Parking!
770 Maple Ave Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Surface Parking
Balcony/Deck/Patio
21
$2,100
584 Bolivar St
Lexington, KY
2 BR | Aug. 5, 2025
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
13
$1,300
832 W High St
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Woodward Heights
16
$1,925 - 1,950
650 S Mill St Unit 312
Lexington, KY
2 BR | Aug. 5, 2025
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
34
$729
261 Lyndhurst Pl
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Aylesford
7
$1,100
314 Transylvania Park
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Aylesford
8
$1,025
227 E 7th St
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
M L King
2
$850
The Heights, Llc
817 W High St Lexington, KY
1 BR | Dec. 11, 2024
Contact
Heat Included
Dog Friendly
Cat Friendly
Surface Parking
Storage
1
$1,095 - 1,145
903B The Flats At 345 Phase 2
325 Blackburn Ave Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
1
$1,300
Pre-leasing Now For Fall Semester 2025
179 Prall St Lexington, KY
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
Disability Access
Downtown
8
$1,525
369 S Broadway Park
Lexington, KY
3 BR | Aug. 7, 2025
Contact
Dishwasher
North Elizabeth St
5
$750
626 N Martin Luther King Blvd
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
M L King
10
$825
513 N Limestone
Lexington, KY
1 BR | Available Now
Contact
15
$1,395
903 Whitney Ave
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
4
$895 - 1,480
PER
ROOM
Signature
840 Angliana Ave Lexington, KY
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Pleasant Green Hill
18
$1,200
610 Elm Tree Ln
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,045
702 Medical Villas
129 Transcript Ave #2 Lexington, KY
1 BR | Jul. 11, 2025
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
North Elizabeth St
18
$895
752 Florida St
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
M L King
13
$1,900
115 Hagerman Ct
Lexington, KY
3 BR | Aug. 6, 2025
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony/Deck/Patio
13
$1,050
1208 Hammond Ave
Lexington, KY
2 BR | Available Now
Contact
House
Pleasant Green Hill
22
$1,800
112 Hagerman Ct
Lexington, KY
3 BR | Aug. 6, 2025
Contact
House
Historic South Hill
14
$1,200
105 Hagerman Ct
Lexington, KY
3 BR | Available Now
Contact
House
Historic South Hill
14
$2,100
572 Bolivar Ct
Lexington, KY
2 BR | Aug. 5, 2025
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
Historic South Hill
1 - 30 of 76 Results
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  2. Lexington
  3. 40508

How much does it cost to rent an apartment in 40508?

40508 apartments
Bed Type Average Rent Range
Studio $820 $500 - $1,300
1BR $890 $600 - $1,280
2BR $1,100 $770 - $2,110
3BR $1,350 $750 - $2,300
4+BR $2,200 $540 - $3,750
Frequently Asked Questions

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

Rentable.co has 76 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 $887 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 $1,095 per month.

What is the average rent for a studio apartment in 40508?

The average rent for a studio apartment in 40508 is around $824 per month.

Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 148 available units in this area. The average rent in 40508 is $1,060, with the lowest rent for a studio floor plan starting at $499.

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:
November Rent Report

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

$1,250
$940
$630
$310
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Lexington Rent Prices Increase From October to November

Lexington rent prices increased over the last month. From October to November, the city experienced a 0.11% increase for the price of a one-bedroom apartment. The rent price for a Lexington one-bedroom apartments currently stands at $939.0.

When we take a look at the two-bedroom comparison from October to November, Lexington experienced a -0.17% decrease for the price of a two-bedroom apartment. The rent price for a Lexington two-bedroom apartments currently stands at $1,184.0.

November Prices: Lexington vs. Surrounding Areas

Nicholasville, KY
Georgetown, KY
Frankfort, KY
Lexington, KY
Winchester, KY
Richmond, KY
$1,454
$1,299
$984
$938
$914
$760
$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 3 of the Lexington suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Winchester, KY, Frankfort, KY, Georgetown, KY .

  • Rent decreased in Richmond, KY, Nicholasville, KY.

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

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

November 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
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$938
$0
$1,400
$2,800
$4,200
$5,600
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 November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Lexington, KY $938.0 -0.32% $1,186.0 -0.42%
Richmond, KY $760.0 -0.78% $978.0 0.21%
Winchester, KY $914.0 1.67% $1,034.0 9.07%
Nicholasville, KY $1,454.0 -3.77% $1,537.0 -3.27%
Frankfort, KY $984.0 1.23% $1,661.0 -4.87%
Georgetown, KY $1,299.0 5.52% $1,369.0 7.71%

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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