Average Rent in Lexington, KY (2026)
Typical asking rent in Lexington is $1,552. Across the 12 ZIP codes with data it runs from $1,288 to $2,461, so which side of town you buy on matters as much as the city average. Data as of June 2026.
Rent by ZIP code in Lexington
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 40513 | Fayette County | $2,461 | +59% |
| 40514 | Fayette County | $2,017 | +30% |
| 40511 | Fayette County | $1,871 | +21% |
| 40507 | Fayette County | $1,605 | +3% |
| 40509 | Fayette County | $1,602 | +3% |
| 40515 | Fayette County | $1,552 | 0% |
| 40503 | Fayette County | $1,551 | 0% |
| 40504 | Fayette County | $1,476 | -5% |
| 40502 | Fayette County | $1,412 | -9% |
| 40517 | Fayette County | $1,373 | -12% |
| 40505 | Fayette County | $1,363 | -12% |
| 40508 | Fayette County | $1,288 | -17% |
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Lexington sits in the Lexington-Fayette, KY metro area.
Other Kentucky cities
Would a rental in Lexington cash flow?
Start the analyzer with the Lexington median rent of $1,552 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.