Rent by ZIP · Fayette County
Rent in Lexington, KY 40503
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,450 (-0.7% vs FY2026). Renters in this ZIP code pay a median $1,168 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,010 | $1,010 | 0% | $909–1,111 | $728 ±$50 |
| 1 bedroom | $1,230 | $1,240 | -0.8% | $1,107–1,353 | $872 ±$78 |
| 2 bedrooms | $1,450 | $1,460 | -0.7% | $1,305–1,595 | $1,238 ±$114 |
| 3 bedrooms | $2,000 | $2,000 | 0% | $1,800–2,200 | $1,593 ±$107 |
| 4 bedrooms | $2,160 | $2,230 | -3.1% | $1,944–2,376 | $1,818 ±$408 |
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 40503
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 |
|---|---|---|---|
| 40502 | Lexington | $1,370 | $1,188 |
| 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.