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Apartments in 40508

1 - 30 of 69 Results
12
$883 - 1,227
330 Newtown Apartments
330 Newtown Pike Lexington, KY
1 - 3 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
29
$675 - 725
148 Rand Ave
Lexington, KY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
13
$1,875
220 Cedar St
Lexington, KY
2 BR | Aug. 5, 2025
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
12
$975
227 E 7th St
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
M L King
1
$1,300
Pre-leasing Now For Fall Semester 2025
179 Prall St Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Disability Access
Downtown
1
$800 - 1,000
700 Lsa
129 Transcript Ave #2 Lexington, KY
1 - 3 BR | Jul. 11, 2025
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
North Elizabeth St
11
$1,100
806 Charles Ave
Lexington, KY
2 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Disability Access
15
$1,545
434 N Martin Luther King Blvd #101
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
9
$825
513 N Limestone
Lexington, KY
1 BR | Available Now
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8
$1,525
369 S Broadway Park
Lexington, KY
3 BR | Aug. 7, 2025
Contact
Dishwasher
North Elizabeth St
21
$1,695
585 S Upper St Unit 106
Lexington, KY
2 BR | Aug. 9, 2025
Contact
House
Air Conditioning
Dishwasher
Downtown
13
$1,025
1208 Hammond Ave
Lexington, KY
2 BR | Available Now
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House
Pleasant Green Hill
12
$1,399
425 Chestnut St
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
16
$659 - 729
261 Lyndhurst Pl
Lexington, KY
Studio - 1 BR | Jan. 1, 2025
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Dog Friendly
Cat Friendly
Aylesford
7
$895
347 E 2nd St
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
23
$1,295
460 Chestnut St
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$850
The Heights, Llc
817 W High St Lexington, KY
1 BR | Available Now
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
$700
838 W High St
Lexington, KY
1 BR | Jan. 1, 2025
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Woodward Heights
1
$925
240-242 E 4th St
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
4
$875 - 1,485
PER
ROOM
Signature
840 Angliana Ave Lexington, KY
1 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Student
Luxury
Pleasant Green Hill
15
$1,250
903 Whitney Ave
Lexington, KY
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
17
$1,150
610 Elm Tree Ln
Lexington, KY
2 BR | Available Now
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Dog Friendly
Cat Friendly
8
$1,399
1017 Jane St
Lexington, KY
3 BR | Jan. 10, 2025
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Dog Friendly
Cat Friendly
House
Pleasant Green Hill
1
$1,300
832 W High St
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Woodward Heights
3
$1,150 - 1,675
903 The Flats At 345
345 Blackburn Ave Lexington, KY
1 - 2 BR | Jun. 6, 2025
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Disability Access
14
$1,699
638 N Limestone St
Lexington, KY
2 BR | Dec. 25, 2024
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
M L King
15
$1,925
118 Hagerman Ct
Lexington, KY
3 BR | Aug. 6, 2025
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House
Historic South Hill
1
$900
918 Charles Ave
Lexington, KY
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
1 - 30 of 69 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 $1,050 $660 - $1,300
1BR $880 $610 - $1,270
2BR $1,060 $840 - $1,810
3BR $1,250 $810 - $2,230
4+BR $2,200 $540 - $3,750
Frequently Asked Questions

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

Rentable.co has 69 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 $1,050 per month.

Find an Apartment in 40508
Looking for apartments for rent in the 40508 zip code in Lexington, KY? Rentable currently has 155 available units in this area. The average rent in 40508 is $1,060, with the lowest rent for a 5-bedroom floor plan starting at $540.

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:
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
$0
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
$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 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
$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 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.

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