Lexington, known as the "Horse Capital of the World," is a charming city in the heart of the Bluegrass region of Kentucky, with a rich cultural heritage and a strong sense of community. Learn about the city's unique culture and intriguing past at destinations like Mary Todd Lincoln House, the Kentucky Horse Park, Lexington Ballet Company, and the Lexington Opera House. Home to the University of Kentucky and Transylvania University, the city offers excellent educational opportunities and a local economy powered by healthcare, manufacturing, and horse racing.

Nature enthusiasts can enjoy the many parks and outdoor recreation areas, including the Raven Run Nature Sanctuary, the Legacy Trail, and McConnell Springs Park. Lexington is also known for its unique food scene, with many restaurants showcasing Southern cuisine and local flavors. Lexington also offers an impressive lineup of events like the Kentucky Derby Festival and the Keeneland Racecourse.

With its beautiful horse farms, friendly community spirit, and cultural and recreational opportunities, Lexington is a great place to call home for those who appreciate a blend of urban and rural lifestyles.

Rental Market Trends

Lexington, KY

As of February 2026, Lexington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lexington's average rent is 1.3% ($17) higher than the Kentucky average of $1,280 and 26.0% ($456) lower than the U.S. average of $1,753.

Average Rent

$1,297

Monthly ChangeMonth Over Month Change

2% ($26)

Yearly ChangeYear Over Year Change

45.9% ($1101)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,173	0.8% ($10)	39.8% ($776)
2 Beds	$1,446	1.7% ($25)	40.9% ($999)
3 Beds	$1,746	0.3% ($5)	38% ($1070)

Nearby Cities	Average Rent	Avg. Rent vs. LexingtonAverage Rent vs. Lexington	Avg. Days on MarketAverage Days on Market
Nicholasville	$1,596	23.1% ($299)	35 days
Versailles	$1,360	4.9% ($63)	30 days
Georgetown	$1,496	15.3% ($199)	36 days
Paris	$1,114	14.1% ($183)	36 days
Winchester	$1,065	17.9% ($232)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lexington Rental Market FAQs

Explore rental prices, market trends, and availability in Lexington, KY.

What is the average rent in Lexington, KY?

The average rent in Lexington, KY is $1,297 per month.

What is the rental price range for homes in Lexington, KY?

Homes in Lexington typically rent for between $821 and $2,270 per month, with an average of $1,297 per month.

What is the average rent for different bedroom sizes in Lexington, KY?

In Lexington, the average rent for a 1-bedroom home is $1,173 per month, for a 2-bedroom home, $1,446 per month, and a 3-bedroom home is $1,746 per month.

How do rent prices in Lexington, KY compare with the national average?

The average rent in Lexington is 26% ($456) lower than the national average of $1,753 per month.

How have rent prices in Lexington, KY changed recently?

The average rent in Lexington has decreased by 2.0% ($26) in the last month and decreased by 45.9% ($1,101) over the past year.

How competitive is the rental market in Lexington, KY?

The rental market in Lexington, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lexington, KY?

In Lexington, KY, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Lexington, KY?

There are currently 304 rental properties available in Lexington, KY.

Can I afford to rent a home in Lexington, KY?

Based on the current averages, a household would need an annual income of $57,840 to comfortably afford a 2-bedroom home in Lexington.