If you’re searching for a new place to live in Lexington-Fayette, rent prices are probably one of the most important factors in your decision. Apartment rental prices in Lexington-Fayette neighborhoods have continued to increase over the years. Luckily, even in 2026, there are some Lexington-Fayette neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in Lexington-Fayette for renters is sorted by lowest median rental rates compared to the Lexington-Fayette average.

Population 5,027
-45%
Median Rent $764 / month
45% less expensive than Lexington-Fayette
Population 2,229
-34%
Median Rent $929 / month
34% less expensive than Lexington-Fayette
Population 4,466
-29%
Median Rent $996 / month
29% less expensive than Lexington-Fayette
Population 781
-28%
Median Rent $1,013 / month
28% less expensive than Lexington-Fayette
Population 4,852
-25%
Median Rent $1,053 / month
25% less expensive than Lexington-Fayette
Population 6,611
-23%
Median Rent $1,077 / month
23% less expensive than Lexington-Fayette
Population 1,567
-23%
Median Rent $1,077 / month
23% less expensive than Lexington-Fayette
Population 2,187
-21%
Median Rent $1,100 / month
21% less expensive than Lexington-Fayette
Population 1,698
-20%
Median Rent $1,117 / month
20% less expensive than Lexington-Fayette
Population 6,880
-20%
Median Rent $1,119 / month
20% less expensive than Lexington-Fayette
Is This the Right Place for You? Local Insights Report
  • Uncover the key details before you move
  • Use local data to guide a smarter investment
  • Compare neighborhoods side by side
Local Insights Report