ZIP 40517
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 40517 usually run 1.1% below trend in February and 1.3% above it in September, about $33 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 40517 is 0.3% below its high of $1,387 in August 2026, at $1,383 as of September 2026.
Rent in ZIP 40517 changed +1.5% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.
From 2019 to 2024, rent in ZIP 40517 rose 48.7% while median household income rose 25.3% ($42,817 to $53,670). Rent outpaced income.
Rent in ZIP 40517 is 55.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 9 of the last 12 months.
30% of the median household income ($53,670) is $1,342 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,180); a 2-bedroom is $1,390.
3rd cheapest of 11 ZIP codes in Lexington.
ZIP 40505, 6 miles away, rents for 13% less ($1,197/mo), about $2,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 40517. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 40517 (Lexington, KY) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 41% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 40517 in Lexington, KY has changed in 5 years
The median rent in ZIP 40517 in Lexington, KY stood at $952 in 2021 and currently runs about $1,383, reflecting a 45.3% increase over the period. Household income in the area moved from $46,716 to $53,670 across the same window, up 14.9% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 4.4% since 2021, moving from about 37,296 residents to roughly 35,656. College-educated residents now make up 41% of adults here, versus 36.7% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 40517 in Lexington, KY look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 40517
Last updated: October 17, 2026
ZIP code 40517 covers Lexington, KY. The median rent here is $1,383/mo as of October 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,390/mo.
At 31% of local median household income ($53,670/yr), ZIP 40517 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.
Frequently asked questions
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How does ZIP 40517 compare to other ZIPs in Kentucky?
How does ZIP 40517 compare to the rest of Lexington?
At $1,383/mo, rent takes ~31% of ZIP 40517's median household income ($53,670/yr). The standard benchmark is 30%.
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