Rent by ZIP · Fayette County
Rent in Lexington, KY 40509
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,760 (+9.3% vs FY2026). Renters in this ZIP code pay a median $1,394 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,230 | $1,120 | +9.8% | $1,107–1,353 | $1,176 ±$143 |
| 1 bedroom | $1,500 | $1,370 | +9.5% | $1,350–1,650 | $1,192 ±$76 |
| 2 bedrooms | $1,760 | $1,610 | +9.3% | $1,584–1,936 | $1,355 ±$68 |
| 3 bedrooms | $2,420 | $2,210 | +9.5% | $2,178–2,662 | $1,615 ±$72 |
| 4 bedrooms | $2,620 | $2,460 | +6.5% | $2,358–2,882 | $2,291 ±$402 |
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 40509
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 |
| 40510 | Lexington | $1,580 | – |
| 40507 | Lexington | $1,230 | $1,710 |
| 40511 | Lexington | $1,560 | $1,068 |
| 40505 | Lexington | $1,200 | $995 |
| 40513 | Lexington | $1,800 | $1,457 |
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.