Homes & Apartments for Rent in 40515

Apartment for rent at 3351 Cove Lake Dr, Lexington, KY 40515

Welcome to 600 Cove Lake Village, presented by Cowgill Asset Management. We have several units available for lease. For more information and to schedule a showing, please contact us. Fitness Center, Off-Street Parking, Grilling Area, Bark Park, Saltwater Swimming Pool, Pet Friendly, On-Site Manager, Community Laundry Room, Online Portal, Clubhouse, Picnic Area, Quick Access to Lextran, Stove, Refrigerator, Microwave, Dishwasher, Sewer, Trash and A Portion of The Water, Saltwater swimming pool, Community Laundry room, In-Unit Washer & Dryer & Trash And A Portion of Water. Pet Friendly.

Apartment for rent at Resort at Lake Crossing, 3601 Brookewind Way, Lexington, KY 40515

Featured

Managed by Resort at Lake Crossing

$1,116 - $1,409

Apartment1-2 Beds1-2 Baths

Resort at Lake Crossing

3601 Brookewind Way, Lexington, KY 40515

We've Gone Virtual. Current residents, please contact us to schedule an appointment.Nestled in an exclusive residential neighborhood in Lexington, Ky, The Resort At Lake Crossing is a rental community that offers an ideal balance of luxury and modern resort-style living. With one, two and three-bedroom apartments, our pet-friendly Lexington, KY apartments for rent are just minutes from the many premier dining, shopping and entertainment hotspots of downtown Lexington. Experience the lifestyle that you deserve by relaxing on the deck by our resort-style swimming pool, challenging friends to a game of tennis or golf or socializing at our modern clubhouse.

Apartment for rent at Forty 57, 4057 Mooncoin Way, Lexington, KY 40515

Featured

Managed by Forty 57

$1,204 - $1,738

Apartment1-3 Beds1-2 Baths

Forty 57

4057 Mooncoin Way, Lexington, KY 40515

Self-guided tours available. Enjoy community amenities including a refreshing wading pool and infinity pool, a self-serve car wash, a 24-hour fitness center, a movie theater and so much more. Your beautiful new pet-friendly apartment includes a gourmet kitchen featuring granite countertops with stone backsplash and walk-in closets. Your new apartment in Lexington is tucked away in a quiet, secluded residential area, while still being just minutes from downtown Lexington, the University of Kentucky and a variety of great shops, restaurants, theaters and museums. Forty57 is in the outstanding Fayette County School District and is near several area parks.

House for rent at 3237 Mount Foraker Dr, Lexington, KY 40515

Featured

Managed by Classic Real Estate

$1,595

House3 Beds2 Baths1,100 ft²

3237 Mount Foraker Dr

Lexington, KY 40515

Ranch home with 3 bedrooms, 2 full bathrooms, living room and sun porch. Detached oversized 2 car garage and fenced backyard. No Pets. No Smoking. All Classic Real Estate Inc residents are enrolled in the Resident Benefits Package (rbp) for $39.95/month which includes liability insurance, credit building to help boost the resident's credit score with timely rent payments, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program and much more. More details upon application. Fenced & Range Refrigerator Dishwasher.

Updated - today

Managed by Home Forward

$1,350

Townhouse2 Beds2.5 Baths1,223 ft²

1188 Ashford Lane

Lexington, KY 40515

This spacious 2 bedroom, 2.5 bathroom townhome is located off Tate's Creek near the Hartland neighborhood. Private lane of townhomes makes the street feel quiet and secluded. Designated parking in front of unit and visitor parking marked out. Spacious living room with a beautiful decorative fireplace. Open concept flow into the dining room and kitchen- dining room overlooks the back patio. Kitchen outfitted with matching black appliances and layout makes it easy to cook and entertain guests in the dining room. Closets for storage and half bath on the lower level for guests. Both bedrooms upstairs boast ensuite full bathrooms.

Managed by Key Management

$1,289

Apartment2 Beds2 Baths1,152 ft²

4057 Mooncoin Way #D22

Lexington, KY 40515

We're proud to offer an outstanding 2Bd 2Ba highlighted with an awesome combination of features. Situated in Lexington and priced to go fast at just $1289 per month. Unwind in a convenient way of life that you'll be proud of. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Microwave, Patio, Full Size Refrigerator, City View & Granite countertops.

Featured

Managed by Henry Siegel

$3,250

House4 Beds2.5 Baths3,261 ft²

339 Manitoba Lane

Lexington, KY 40515

Available for occupancy, April 1, 2025, this beautiful new home (2018) is in Glasford Subdivision, with a minimum 2 year term. Redesigned kitchen layout has a butler's pantry, large walk-in kitchen pantry & a wider dining room. Interior is repainted, carpet/floors deep cleaned, unfurnished. Separate formal living room and the breakfast area. The powder room entry is located to the entrance hallway. 9 foot ceilings on the 1st floor and 4 beds and a large loft or fifth bed, are on the second floor.

Managed by Key Management

$1,056

Apartment1 Bed1 Bath760 ft²

4057 Mooncoin Way #A11

Lexington, KY 40515

Nice 1Bd 1Ba available with the most impressive choice of rental features. Affordably priced at just $1056 per month and centrally situated in Lexington KY 40515. Unwind in a rewarding way of life that you don't want to miss out on. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Microwave, Patio, Full Size Refrigerator, City View & Granite countertops.

Managed by Key Management

$1,279

Apartment2 Beds1 Bath826 ft²

2020 Armstrong Mill Rd #D22

Lexington, KY 40515

Awesome 2Bd 1Ba decked out with a fantastic assortment of rental amenities. Conveniently located in Lexington KY and priced low at just $1279 per month. Experience an appealing way of life that you don't want to miss out on. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Microwave, Patio & Full Size Refrigerator.

Managed by Key Management

$1,914

Apartment3 Beds2 Baths1,309 ft²

4057 Mooncoin Way #D23

Lexington, KY 40515

Available now in Lexington 40515 and loaded with an impressive array of rental features. We're excited to offer a superb 3 bed 2 bath priced to go fast at $1914 per mo. Relax in a delightful way of life that you've been looking for. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Microwave, Patio, Full Size Refrigerator, City View & Granite countertops.

Managed by Key Management

$1,009

Apartment1 Bed1 Bath662 ft²

2020 Armstrong Mill Rd #C31

Lexington, KY 40515

For rent in Lexington 40515, embrace a remarkable lifestyle that you've been looking for. Charming 1Bd 1Ba unit priced low at just $1009 per month. Highlighted with the most ideal collection of features - contact us to get more details. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Microwave, Patio & Full Size Refrigerator.

Managed by Key Management

$1,708

Apartment1 Bed1 Bath762 ft²

4390 Clearwater Way #D31

Lexington, KY 40515

1 Bd 1BA property conveniently located in Lexington 40515. Affordably priced at $1708 per month and available with exceptional rental features. Enjoy a charming lifestyle that you need to see to believe. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Full Size Refrigerator, Outdoor space, Sun Deck, City View, Courtyard, Gated Entry & Pool.

Managed by Key Management

$1,573

Apartment2 Beds2 Baths1,215 ft²

4390 Clearwater Way #E32

Lexington, KY 40515

We're proud to offer an excellent 2 bedroom 2 bathroom property situated in Lexington KY 40515. Affordably priced at just $1573 per mo and decked out with tremendous features. Unwind in a delightful way of life that you'll be proud of. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Full Size Refrigerator, Outdoor space, Sun Deck, City View, Courtyard, Gated Entry & Pool.

Managed by Key Management

$1,873

Apartment3 Beds2 Baths1,349 ft²

4390 Clearwater Way #C13

Lexington, KY 40515

We're thrilled to offer a great 3 bed 2 bath unit affordably priced at just $1873/month. Now available in Lexington and loaded with the most ideal array of rental amenities. Enjoy a rewarding way of life that you need to see to believe. Pet Friendly, Air conditioning, Private balcony/deck, Dishwasher, Garbage Disposal, Fireplace, Full Size Refrigerator, Outdoor space, Sun Deck, City View, Courtyard, Gated Entry & Pool.

Viewing 1-14 of 14 rentals in 40515

What to Know About

Living in 40515

Lexington, known as the "Horse Capital of the World," is a charming city in the heart of the Bluegrass region of Kentucky, with a rich cultural heritage and a strong sense of community. Learn about the city's unique culture and intriguing past at destinations like Mary Todd Lincoln House, the Kentucky Horse Park, Lexington Ballet Company, and the Lexington Opera House. Home to the University of Kentucky and Transylvania University, the city offers excellent educational opportunities and a local economy powered by healthcare, manufacturing, and horse racing.

Nature enthusiasts can enjoy the many parks and outdoor recreation areas, including the Raven Run Nature Sanctuary, the Legacy Trail, and McConnell Springs Park. Lexington is also known for its unique food scene, with many restaurants showcasing Southern cuisine and local flavors. Lexington also offers an impressive lineup of events like the Kentucky Derby Festival and the Keeneland Racecourse.

With its beautiful horse farms, friendly community spirit, and cultural and recreational opportunities, Lexington is a great place to call home for those who appreciate a blend of urban and rural lifestyles.

Rental Market Trends

Lexington, KY

As of April 2025, Lexington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lexington's average rent is 82.5% ($1,044) higher than the Kentucky average of $1,265 and 28.3% ($510) higher than the U.S. average of $1,799.

Average Rent

$2,309

Monthly ChangeMonth Over Month Change

1.8% ($43)

Yearly ChangeYear Over Year Change

89.9% ($1093)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,860	0.6% ($11)	80.2% ($828)
2 Beds	$2,250	3.2% ($74)	79.7% ($998)
3 Beds	$2,829	0.5% ($15)	86.2% ($1310)

Nearby Cities	Average Rent	Avg. Rent vs. LexingtonAverage Rent vs. Lexington	Avg. Days on MarketAverage Days on Market
Nicholasville	$1,485	35.7% ($824)	35 days
Versailles	$947	59% ($1362)	30 days
Georgetown	$1,617	30% ($692)	36 days
Paris	$960	58.4% ($1349)	36 days
Winchester	$1,011	56.2% ($1298)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lexington Rental Market FAQs

Explore rental prices, market trends, and availability in Lexington, KY.

What is the average rent in Lexington, KY?

The average rent in Lexington, KY is $2,309 per month.

What is the rental price range for homes in Lexington, KY?

Homes in Lexington typically rent for between $1,302 and $3,678 per month, with an average of $2,309 per month.

What is the average rent for different bedroom sizes in Lexington, KY?

In Lexington, the average rent for a 1-bedroom home is $1,860 per month, for a 2-bedroom home, $2,250 per month, and a 3-bedroom home is $2,829 per month.

How do rent prices in Lexington, KY compare with the national average?

The average rent in Lexington is 28.3% ($510) higher than the national average of $1,799 per month.

How have rent prices in Lexington, KY changed recently?

The average rent in Lexington has decreased by 1.8% ($43) in the last month and increased by 89.9% ($1,093) over the past year.

How competitive is the rental market in Lexington, KY?

The rental market in Lexington, KY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Lexington, KY?

In Lexington, KY, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Lexington, KY?

There are currently 263 rental properties available in Lexington, KY.

Can I afford to rent a home in Lexington, KY?

Based on the current averages, a household would need an annual income of $90,000 to comfortably afford a 2-bedroom home in Lexington.

Living in 40515

Lexington, KY

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