Rentometer, Inc. | Data as of 01/10/2026
Fayette County’s rental market offers a balanced mix of apartments and single‑family homes, catering to students, professionals, and families alike. Studio apartments typically rent in the $900s, while one‑bedroom units often fall within the $1100‑$1200 range. Larger floor plans, such as two‑ and three‑bedroom apartments, commonly reach the $1300‑$1500 and $1700‑$1800 brackets, respectively, and upscale four‑plus‑bedroom homes can be found in the $2500‑$2600 range. This diversity of price points reflects the county’s strong demand for quality housing across a variety of budgets.
The county’s vibrant neighborhoods enhance the appeal of its rentals. In Lexington, the historic Chevy Chase and South Hill districts blend charming early‑20th‑century architecture with walkable streets, boutique shops, and local eateries. Near the University of Kentucky campus, student‑focused apartments provide convenient access to academic resources, cultural events, and nightlife. For families, the tranquil suburbs of Nicholasville and Midway offer spacious homes on larger lots, excellent schools, and easy access to parks such as The Arboretum and McConnell Springs.
Beyond housing, Fayette County boasts a rich cultural scene and abundant outdoor recreation. Residents enjoy proximity to the Kentucky Horse Park, vibrant farmer’s markets, and a growing arts community. With its blend of urban amenities, historic charm, and natural beauty, Fayette County remains a sought‑after destination for renters seeking a welcoming Kentucky lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,000 | $982 | $790 - $1,199 | $929 - $1,120 |
| Apartment | 1 Bedroom | $1,188 | $1,199 | $199 - $2,799 | $975 - $1,394 |
| Apartment | 2 Bedroom | $1,502 | $1,389 | $825 - $4,699 | $1,200 - $1,675 |
| Apartment | 3 Bedroom | $1,667 | $1,706 | $970 - $2,346 | $1,345 - $1,993 |
| Apartment | 4+ Bedroom | $1,235 | $789 | $735 - $2,700 | $769 - $1,185 |
| House | 1 Bedroom | $1,233 | $950 | $900 - $1,850 | $900 - $1,850 |
| House | 2 Bedroom | $1,362 | $1,350 | $750 - $2,300 | $1,125 - $1,595 |
| House | 3 Bedroom | $1,955 | $1,895 | $760 - $5,500 | $1,600 - $2,200 |
| House | 4+ Bedroom | $2,701 | $2,600 | $1,350 - $6,000 | $2,150 - $3,000 |
In the current period, the average rent in Fayette was $1,129 for Studio, $1,187 for 1 Bedroom, $1,461 for 2 Bedroom, $1,925 for 3 Bedroom, and $2,526 for 4+ Bedroom.
Data provided by Rentometer, Inc.