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Apartments in 40508

61 - 77 of 77 Results
21
$895
2053 Coburn Blvd
Lexington, KY
1 BR | Available Now
Contact
Furnished
Storage
Idle Hour Neighbors
14
$825
805 Press Avenue
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
48
$620 - 920
PER ROOM
& UNIT
Limestone Square Apartments
129 Transcript Avenue Lexington, KY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
In Unit Laundry
14
$1,495
PER
ROOM
145 Transcript Avenue
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
12
$1,050
426 E 5th St
Lexington, KY
Studio | Available Now
Contact
House
20
$845
159 Gazette Avenue
Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
North Elizabeth St
14
$950
Bluegrass Commons
165 Virginia Avenue Lexington, KY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
Surface Parking
2
$1,500
PER
ROOM
312 South Upper
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Historic South Hill
1
$1,875
PER
ROOM
235 Lexington
Lexington, KY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Historic South Hill
3
$2,025 - 2,700
PER
ROOM
418 E Maxwell
Lexington, KY
3 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Aylesford
$800
413 E 4th St
Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
0
$1,300
217 West 4th
217 W 4th St Lexington, KY
Studio | Available Now
Contact
1
$1,740
232 Conn Terrace
Lexington, KY
4 BR | Available Now
Contact
Student
1
$1,740
236 Conn Terrace
Lexington, KY
4 BR | Available Now
Contact
Student
1
$1,700
257 Lexington Ave
Lexington, KY
4 BR | Available Now
Contact
Student
0
$1,295
Modern Comfort: 2-bed, 1-bath Residence With Spacious Layout & Contemporary Amenities!
248 E 5th St Lexington, KY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$2,400
Now Leasing For Fall ‘25
416-2 E Maxwell St Lexington, KY
3 BR | Aug. 1, 2025
Contact
Balcony/Deck/Patio
Dishwasher
Aylesford
61 - 77 of 77 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 $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 77 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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