
Apartments for Rent in the 40516 ZIP Code of Lexington, KY (61 Rentals)Page 2 of 2


Valore at the Baxter

Hartford Place

1582 Martha Ct

Pinewood Place
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

New Circle Apartments

The Columns

Heritage Hills

New Circle Apartments

Liberty Commons
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

2501-2509 Mackenzie Ln
Lexington, KY Local Guide

How much does it cost to rent an apartment in 40516?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 40516 Studio Apartments | $1,243 | $625 | $1,531 |
| 40516 1 Bedroom Apartments | $1,508 | $830 | $2,766 |
| 40516 2 Bedroom Apartments | $1,800 | $910 | $2,840 |
| 40516 3 Bedroom Apartments | $2,245 | $815 | $4,183 |
Browse Apartments in the 40516 Zip Code of Lexington
Explore Lexington
Frequently Asked Questions about the 40516 ZIP Code
What is the current pricing and availability for apartments for rent in the 40516 ZIP Code?
As of today, September 05, 2026, there are currently 61 available 40516 apartments priced from $625 to $4,183, with an average monthly rent of $1,711.
How much are Studio apartments in 40516?
There are currently 13 Studio Apartments in 40516 with rent ranges from $625 to $1,531 with an average price of $1,243.
What is the current price range for One Bedroom 40516 Apartments for rent?
Today's rental pricing for One Bedroom Apartments in 40516 ranges from $830 to $2,766 with an average monthly rent of $1,508.
What does renting a Two Bedroom Apartment in 40516 cost?
The monthly rent prices of Two Bedroom Apartments currently available in 40516 range from $910 to $2,840. Today's average rental price for Two Bedrooms here is $1,800.
How expensive are 40516 Three Bedroom Apartments?
There are currently 11 Three Bedroom Apartments listings available in 40516 on ApartmentHomeLiving.com. The pricing ranges from $815 to $4,183 - averaging $2,245 for the location.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington
Written by: Catrina Cowart
Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky, and I'm happy to talk to you about some of the neighborhoods that I've found to be particularly charming in this small city.
Articles, How-To's, and Tips

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.