Rent by ZIP · Fayette County
Rent in Lexington, KY 40502
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,370 (+8.7% vs FY2026). Renters in this ZIP code pay a median $1,089 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $950 | $870 | +9.2% | $855–1,045 | $645 ±$372 |
| 1 bedroom | $1,170 | $1,070 | +9.3% | $1,053–1,287 | $960 ±$50 |
| 2 bedrooms | $1,370 | $1,260 | +8.7% | $1,233–1,507 | $1,188 ±$68 |
| 3 bedrooms | $1,890 | $1,730 | +9.2% | $1,701–2,079 | $1,685 ±$94 |
| 4 bedrooms | $2,040 | $1,920 | +6.3% | $1,836–2,244 | $2,500 ±$1,100 |
Small Area FMRs for the Lexington-Fayette, KY MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Lexington-Fayette, KY MSA, 2 bedrooms: $1,416.
What renters pay in 40502
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 40503 | Lexington | $1,450 | $1,238 |
| 40504 | Lexington | $1,190 | $1,020 |
| 40505 | Lexington | $1,200 | $995 |
| 40507 | Lexington | $1,230 | $1,710 |
| 40508 | Lexington | $1,390 | $1,028 |
| 40509 | Lexington | $1,760 | $1,355 |
Fair Market Rents across Fayette County, KY · All KY counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.