Rent by ZIP · Fayette County
Rent in Lexington, KY 40507
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,230 (+7% vs FY2026). Renters in this ZIP code pay a median $862 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $860 | $800 | +7.5% | $774–946 | $606 ±$198 |
| 1 bedroom | $1,050 | $980 | +7.1% | $945–1,155 | $909 ±$206 |
| 2 bedrooms | $1,230 | $1,150 | +7% | $1,107–1,353 | $1,710 ±$145 |
| 3 bedrooms | $1,690 | $1,580 | +7% | $1,521–1,859 | – |
| 4 bedrooms | $1,830 | $1,750 | +4.6% | $1,647–2,013 | – |
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 40507
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 |
|---|---|---|---|
| 40508 | Lexington | $1,390 | $1,028 |
| 40505 | Lexington | $1,200 | $995 |
| 40509 | Lexington | $1,760 | $1,355 |
| 40504 | Lexington | $1,190 | $1,020 |
| 40510 | Lexington | $1,580 | – |
| 40503 | Lexington | $1,450 | $1,238 |
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.