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ZIP Code · KY

ZIP 40513

Pop. 11,032·Fayette County·1st most expensive ZIP in Kentucky
Median rent (all units)
$2,461/mo
Year-over-Year
Stable
Month-over-Month
-2.8%
vs US Median
+$496
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40513 · $2,461
More expensive than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,400
2 BR
$1,650
3 BR
$2,260
4 BR+
$2,520
Research median
$1,650/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
$29,532/yr
At $2,461/mo median
Location
StateKY
CountyFayette County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 40513 (Lexington, KY) is majority owner-occupied, has a median income above the national average, 73.4% of residents hold a bachelor's degree or higher.

Population
11,032
Median income
$128,013
Median age
45.5
Renters
27.1%
Age distribution
22.5%
13.6%
28.7%
15.3%
19.9%
Under 1822.5%
18–3413.6%
35–5428.7%
55–6415.3%
65+19.9%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
74.2%
19.4%
White74.2%
Black1.6%
Hispanic4%
Asian19.4%
Other0.8%
Education (25+)
15.6%
73.4%
No HS diploma1.9%
HS diploma9.2%
Some college15.6%
Bachelor's+73.4%
Housing tenure
72.9%
27.1%
Owner72.9%
Renter27.1%

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

2021 vs 2026

How ZIP 40513 in Lexington, KY has changed in 5 years

Income
$116,773 → $128,013
up 9.6%
Population
10,850 → 11,032
up 1.7%
Renter share
24.9% → 27.1%
+2.2 pts
Bachelor's+
65.4% → 73.4%
+8.0 pts
Median age
44.7 → 45.5
+0.8 yrs

Census figures show median household income at $128,013 today, compared with $116,773 five years earlier. Census counts show ZIP 40513 in Lexington, KY adding about 182 residents over the five-year window, up 1.7% on net. The renter share has risen from 24.9% to 27.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 65.4% to 73.4% across the same window.

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Local insights

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About renting in ZIP 40513

Last updated: July 20, 2026

ZIP code 40513 covers Lexington, KY. The median rent here is $2,461/mo as of July 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,650/mo.

At 23% of local median household income ($128,013/yr), ZIP 40513 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40513?

As of July 20, 2026, the median monthly rent in ZIP 40513 (Lexington, KY) is $2,461. This is based on aggregated data from public sources and community submissions.

How does ZIP 40513 rent compare to the US average?

ZIP 40513's median rent of $2,461/mo is $496 (25%) above the US national median of $1,965/mo.

How does ZIP 40513 compare to other ZIPs in Kentucky?

ZIP 40513 is one of the pricier ZIP codes in Kentucky, ranking #1 out of 83 ZIPs tracked at $2,461/mo.

How much income do you need to rent in ZIP 40513?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,461/mo in ZIP 40513. The local median household income is $128,013/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40513?

Rent in ZIP 40513 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 40513 an affordable place to rent?

ZIP 40513 is considered very affordable for renters. At $2,461/mo, rent takes approximately 23% of the local median household income ($128,013/yr). The standard benchmark is 30%. ZIP 40513 falls comfortably within that range.

What percentage of ZIP 40513 residents rent vs. own?

According to Census data, approximately 27.1% of ZIP 40513 households are renters, while 72.9% are owner-occupied. ZIP 40513 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40513 compare to the rest of Lexington?

ZIP 40513 is pricier than Lexington as a whole. At $2,461/mo, it's $910 above the Lexington citywide median of $1,551/mo.

When was rent data for ZIP 40513 last updated?

Rent data for ZIP 40513 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,461/mo, rent takes ~23% of ZIP 40513's median household income ($128,013/yr). The standard benchmark is 30%.

ZIP 40513 23%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40513 (Lexington, KY)

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