Average Rent in Lexington-Fayette, KY
The Fair Market Rent for a 2-bedroom in Lexington-Fayette, KY is $1,272 per month, based on HUD data. With a median household income of $70,717, a household would spend 21.6% of income on housing at Fair Market Rent. Rent has increased 8.1% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $883 |
| 1 Bedroom | $1,079 |
| 2 Bedroom | $1,272 |
| 3 Bedroom | $1,743 |
| 4 Bedroom | $1,940 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $70,717 |
| Rent Burden (2BR FMR / Income) | 21.6% |
| Income Needed for 2BR (30% rule) | $50,880/yr |