What is the median rent in Lexington, KY?

Name: Median rent in Lexington, KY, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Lexington, KY is $1,164 (±$18) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 62,598 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Lexington, the median gross rent went from $896 in 2015–2019 to $1,164 in 2020–2024 (+29.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,164 (±$18)
Rented homes: 62,598 (±1,295)
$2,000 or more: 6.2%
Since 2015–2019: +29.9%

How much rent costs in Lexington

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Lexington	Fayette County	Kentucky	United States
Less than $500	4.0% (±0.7 points)	4.0%	11.4%	6.3%
$500 to $999	31.3% (±1.5 points)	31.3%	42.1%	20.2%
$1,000 to $1,499	41.3% (±1.7 points)	41.3%	32.5%	28.1%
$1,500 to $1,999	17.2% (±1.5 points)	17.2%	10.1%	21.1%
$2,000 to $2,499	4.0% (±0.7 points)	4.0%	2.6%	12.0%
$2,500 to $2,999	1.4% (±0.7 points)	1.4%	0.7%	5.5%
$3,000 or more	0.8% (±0.3 points)	0.8%	0.7%	6.8%

The most common range is $1,000 to $1,499, paid by 41.3% of renting households.

6.2% of rented homes in Lexington cost $2,000 or more a month.

Lexington against Fayette County, its state and the nation

Estimate (90% margin of error)
	Lexington	Fayette County	Kentucky	United States
Median gross rent	$1,164 (±$18)	$1,164 (±$18)	$967 (±$5)	$1,413
Rented homes paying rent	62,598 (±1,295)	62,598 (±1,295)	525,744 (±5,281)	42,849,984

In Lexington, median gross rent is not measurably different from Fayette County ($1,164).

It is also higher than in Kentucky ($967).

It is lower than the national figure ($1,413).

Statewide, it ranks 84 of 376.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Lexington has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$896 (±$12)	$1,164 (±$18)	+29.9%	Up after inflation
Households that rent	45.6% (±0.8 points)	46.2% (±0.8 points)	+0.6 percentage points	Not a measurable change
Rental vacancy rate	4.8% (±0.7 points)	3.8% (±0.7 points)	−1.0 percentage points	Measurable decrease

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Lexington

Nearest places with a published estimate, compared with Lexington
Place	Distance	Median gross rent	Compared with this place
Lexington	—	$1,164 (±$18)	—
Nicholasville	12 mi	$1,147 (±$69)	Not measurably different
Midway	14 mi	$976 (±$60)	Lower
Versailles	15 mi	$1,160 (±$72)	Not measurably different
Winchester	15 mi	$916 (±$35)	Lower
Paris	15 mi	$832 (±$48)	Lower
Georgetown	16 mi	$1,255 (±$58)	Higher
Wilmore	16 mi	$975 (±$189)	Not measurably different
Stamping Ground	20 mi	$1,077 (±$459)	Not measurably different

Nearby places with a measurably lower figure: Midway, KY ($976), Winchester, KY ($916), Paris, KY ($832).

Nearby places with a measurably higher figure: Georgetown, KY ($1,255).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lexington

What is the average rent in Lexington, KY?

The Census Bureau publishes the median rather than the average: the median gross rent in Lexington is $1,164 (±$18) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Lexington?

In Lexington, the median gross rent went from $896 in 2015–2019 to $1,164 in 2020–2024 (+29.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Lexington cost more than $2,000 a month?

6.2% of rented homes in Lexington have a gross rent of $2,000 or more a month, and 4.0% cost less than $500.

Is rent in Lexington higher than in Fayette County?

In Lexington, median gross rent is not measurably different from Fayette County ($1,164).

It is also higher than in Kentucky ($967).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lexington-Fayette urban county, Kentucky (place:46027, in state:21).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.