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ZIP Code · KY

ZIP 40504

Pop. 25,816·Fayette County·32nd most expensive ZIP in Kentucky
Median rent (all units)
$1,476/mo
Year-over-Year
+27.4%
Month-over-Month
+4.5%
vs US Median
-$489
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 40504 · $1,476
More affordable than 75% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$840
1 BR
$1,030
2 BR
$1,210
3 BR
$1,660
4 BR+
$1,850
Research median
$1,210/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,712/yr
At $1,476/mo median
Location
StateKY
CountyFayette County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 27.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+27.4% YoY, +4.5% MoM), not inventory.
Demographics

Who lives here

ZIP 40504 (Lexington, KY) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 33.1% of residents hold a bachelor's degree or higher.

Population
25,816
Median income
$46,055
Median age
29.6
Renters
66%
Age distribution
17.1%
39.9%
20.9%
12.7%
Under 1817.1%
18–3439.9%
35–5420.9%
55–649.5%
65+12.7%
Gender
52.2%
47.8%
Male52.2%
Female47.8%
Race & ethnicity
60.2%
17%
18.5%
White60.2%
Black17%
Hispanic18.5%
Asian1.7%
Other2.6%
Education (25+)
16.3%
26.1%
24.6%
33.1%
No HS diploma16.3%
HS diploma26.1%
Some college24.6%
Bachelor's+33.1%
Housing tenure
34%
66%
Owner34%
Renter66%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 40504 in Lexington, KY has changed in 5 years

Income
$39,257 → $46,055
up 17.3%
Population
26,437 → 25,816
down 2.3%
Renter share
68.4% → 66%
-2.4 pts
Bachelor's+
33.4% → 33.1%
-0.3 pts

On the earnings side, the typical household in ZIP 40504 in Lexington, KY now reports about $46,055, up from $39,257 in 2021. Headcount in the area went from 26,437 to 25,816 between 2021 and 2024, a 2.3% change. About 66% of households rent today, against 68.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 40504

About renting in ZIP 40504

Last updated: July 20, 2026

ZIP code 40504 covers Lexington, KY. The median rent here is $1,476/mo as of July 2026. A 1-bedroom rents for a median of $1,030/mo. A 2-bedroom rents for a median of $1,210/mo.

At 38% of local median household income ($46,055/yr), ZIP 40504 ranks as moderate compared to the national benchmark of 30%. Rents have increased 27.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40504?

As of July 20, 2026, the median monthly rent in ZIP 40504 (Lexington, KY) is $1,476. This is based on aggregated data from public sources and community submissions.

How does ZIP 40504 rent compare to the US average?

ZIP 40504's median rent of $1,476/mo is $489 (25%) below the US national median of $1,965/mo.

How does ZIP 40504 compare to other ZIPs in Kentucky?

ZIP 40504 falls in the middle range for Kentucky, ranking #32 out of 83 ZIPs at $1,476/mo.

How much income do you need to rent in ZIP 40504?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,476/mo in ZIP 40504. The local median household income is $46,055/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 40504?

Rent in ZIP 40504 has increased 27.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40504 an affordable place to rent?

ZIP 40504 is considered moderate for renters. At $1,476/mo, rent takes approximately 38% of the local median household income ($46,055/yr). The standard benchmark is 30%. ZIP 40504 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 40504 residents rent vs. own?

According to Census data, approximately 66% of ZIP 40504 households are renters, while 34% are owner-occupied. With a majority renter population, ZIP 40504 has a strong rental market.

How does ZIP 40504 compare to the rest of Lexington?

ZIP 40504 is more affordable than Lexington overall. At $1,476/mo, it's $75 below the Lexington citywide median of $1,551/mo.

When was rent data for ZIP 40504 last updated?

Rent data for ZIP 40504 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
38%
MODERATE

At $1,476/mo, rent takes ~38% of ZIP 40504's median household income ($46,055/yr). The standard benchmark is 30%.

ZIP 40504 38%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40504 (Lexington, KY)

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