Housing in Fayette County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Fayette County averages $1,164/month for a 2‑bedroom in 2024, compared to the Kentucky median of $967 and the national median of $1,413. Local renters spend approximately 32% of household income on rent, equal to the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Fayette County FMR Area are $958 for a studio, $1,171 for 1‑bedroom, $1,381 for 2‑bedroom, $1,892 for 3‑bedroom, and $2,106 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $217 increase for a 2-bedroom in Fayette County shows a 19% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Fayette County was 4.2% in 2024, compared to Kentucky at 5.1% and the national rate of 4.0%.

Find the rent price that is best for you!

Towns near Lexington

City
County
State
Miles
Fayette
KY
0.0
Jessamine
KY
10.4
Jessamine
KY
10.4
Woodford
KY
13.3
Scott
KY
14.0
Woodford
KY
14.5
Jessamine
KY
14.9
Clark
KY
16.8
Bourbon
KY
18.6
Madison
KY
20.9
Scott
KY
21.6
Bourbon
KY
22.4
Franklin
KY
25.5
Scott
KY
26.0
Bourbon
KY
26.5
Madison
KY
27.8
Harrison
KY
28.2
Madison
KY
32.3
Harrison
KY
35.1

Renter Qualifications

What rental criteria are used to evaluate your rental application?

Learn how criteria affect you!

Lexington KY weather

Weather Today

Lexington, KY

61° F

Clear Sky
9:28 pm - Jun 2, 2026 (MDT)

Jobs in Lexington
Find jobs by
When using our services you support  “A Safe Home for Every Person”
Sitemap