2-Bedroom Apartment Rent in Lexington, KY
Median asking rent for a 2-bedroom apartment in Lexington, Kentucky as of July 2026. That's +19% lower than the citywide median of $1,551 and +24% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Lexington
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Lexington
Compare Lexington's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Morehead | $870 |
| 2 | Corbin | $900 |
| 3 | Russellville | $900 |
| 4 | Bardstown | $920 |
| 5 | Richmond | $950 |
| 6 | Radcliff | $1,010 |
| 7 | Lawrenceburg | $1,020 |
| 8 | Paducah | $1,050 |
| 9 | Nicholasville | $1,060 |
| 10 | Paris | $1,060 |
| 11 | Versailles | $1,060 |
| 12 | Winchester | $1,060 |
| 13 | Murray | $1,080 |
| 14 | Hopkinsville | $1,130 |
| 15 | Elizabethtown | $1,140 |
Most expensive cities for a 2-bedroom in Kentucky
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Prospect | $2,000 |
| 2 | Hebron | $1,670 |
| 3 | Burlington | $1,580 |
| 4 | Independence | $1,500 |
| 5 | Florence | $1,430 |
| 6 | Louisville | $1,408 |
| 7 | Vine Grove | $1,360 |
| 8 | Cold Spring | $1,330 |
| 9 | Erlanger | $1,300 |
| 10 | Fort Thomas | $1,290 |
| 11 | Alexandria | $1,280 |
| 12 | Lexington (this page) | $1,261 |
| 13 | Fort Wright | $1,236 |
| 14 | Shepherdsville | $1,230 |
| 15 | Oak Grove | $1,200 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Lexington.
| City | Distance | 2-Bedroom rent | vs Lexington |
|---|---|---|---|
| Nicholasville, KY | 11.3 mi | $1,060 | $-201 (-16%) |
| Georgetown, KY | 15.9 mi | $1,140 | $-121 (-10%) |
| Versailles, KY | 17 mi | $1,060 | $-201 (-16%) |
| Richmond, KY | 21.9 mi | $950 | $-311 (-25%) |
| Paris, KY | 22.4 mi | $1,060 | $-201 (-16%) |
| Winchester, KY | 24.3 mi | $1,060 | $-201 (-16%) |
| Frankfort, KY | 29.8 mi | $1,180 | $-81 (-6%) |
| Lawrenceburg, KY | 33.6 mi | $1,020 | $-241 (-19%) |
| Shelbyville, KY | 51.1 mi | $1,180 | $-81 (-6%) |
| Alexandria, KY | 62.1 mi | $1,280 | +$19 (+2%) |
| Independence, KY | 63.1 mi | $1,500 | +$239 (+19%) |
| Cold Spring, KY | 68.4 mi | $1,330 | +$69 (+5%) |
2-Bedroom rent in Lexington — common questions
How much is a 2-bedroom apartment in Lexington?
As of July 2026, the median 2-bedroom apartment rent in Lexington, Kentucky is $1,261 per month. This is +19% below the citywide median of $1,551.
What income do you need to afford a 2-bedroom in Lexington?
Using the standard 30% rent-to-income rule, you would need an annual income of about $50,440 ($4,203/month gross), which works out to roughly $24.25/hour at a full-time job.
Is Lexington expensive for a 2-bedroom compared to the rest of the US?
Lexington's 2-bedroom median of $1,261 is +24% below the national 2-bedroom median of $1,655. It ranks in the 24th percentile of US cities tracked.
How does Lexington rank for 2-bedroom rent in Kentucky?
Among the 39 cities in Kentucky with 2-bedroom data, Lexington ranks #28 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Lexington?
Yes — nearby cities with cheaper 2-bedroom rents include Nicholasville ($1,060), Georgetown ($1,140), Versailles ($1,060).