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Fair Market Rent Prices in Lexington-Fayette, KY :
$533 $617 $796 $1,143 $1,377
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lexington-Fayette are high compared to the national average. This FMR area is more expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lexington-Fayette is $796 per month.

The previous year, rent for a two-bedroom home was $776 per month. This is a 2.58% increase year-over-year.

This FMR rate applies to Keene, KY, North Middletown, KY, Millersburg, KY, Clay City, KY, Wilmore, KY, Cynthiana, KY, Paris, KY, Versailles, KY, Winchester, KY, Nicholasville, KY and other cities within the region. The Metro Code or CBSA code for this region is METRO30460M30460.

Additionally, This Fair Market Rent (FMR) area Lexington-Fayette, KY MSA spans six counties or cities in Kentucky which ares listed in the table below. Estimated population of Lexington-Fayette, KY MSA FMR area is 472,099 people based on latest Census data.

Compared to the rest of Kentucky, the Lexington-Fayette FMR area is more expensive than 99% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lexington-Fayette. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lexington-Fayette

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 568
1-BR 1-Bedroom $ 658
2-BR 2-Bedroom $ 848
3-BR 3-Bedroom $ 1217
4-BR 4-Bedroom $ 1467
Change Year:

The counties, cities, towns, and regions listed below fall into the Lexington-Fayette, KY MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Lexington.

County / Region Est. Population
Bourbon County, KY Metro 19,985
Clark County, KY Metro 35,613
Fayette County, KY Metro 295,803
Jessamine County, KY Metro 48,586
Scott County, KY Metro 47,173
Woodford County, KY Metro 24,939
Zip Codes in Lexington-Fayette, KY MSA

There are 49 unique zip codes in this Fair Market Rent (FMR) area:

40312, 40324, 40339, 40340, 40348, 40356, 40357, 40361, 40383, 40390, 40391, 40392, 40502, 40503, 40504, 40505, 40506, 40507, 40508, 40509, 40510, 40511, 40512, 40513, 40514, 40515, 40516, 40517, 40522, 40523, 40524, 40526, 40533, 40536, 40544, 40555, 40574, 40575, 40576, 40577, 40578, 40579, 40580, 40581, 40582, 40583, 40588, 40591 and 41031

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