Rent in Lexington-Fayette, KY MSA
The Fair Market Rent (FMR) for a two-bedroom home in Lexington-Fayette, KY MSA is $1,272/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Lexington-Fayette, KY MSA has an FMR of $1,272/month (FY2026). That is 31% above the national median of $974. Lexington-Fayette, KY MSA ranks #474 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Lexington-Fayette, KY MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $883 |
| 1 bedroom | $1,079 |
| 2 bedrooms | $1,272 |
| 3 bedrooms | $1,743 |
| 4 bedrooms | $1,940 |
Nearby on the rent ranking
- Memphis, TN-MS-AR HUD Metro FMR Area$1,274/mo
- Dayton-Kettering-Beavercreek, OH MSA$1,273/mo
- Meade County, SD HUD Metro FMR Area$1,273/mo
- Louisville, KY-IN HUD Metro FMR Area$1,272/mo
- Lyon County, NV HUD Metro FMR Area$1,272/mo
- Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area$1,271/mo
Frequently asked questions
- How much is rent in Lexington-Fayette, KY MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Lexington-Fayette, KY MSA is $1,272 per month for HUD fiscal year 2026. A one-bedroom is $1,079 and a three-bedroom is $1,743 per month.
- What is the studio and one-bedroom Fair Market Rent in Lexington-Fayette, KY MSA?
- For FY2026, HUD's efficiency/studio FMR in Lexington-Fayette, KY MSA is $883 per month and the one-bedroom FMR is $1,079 per month.
- How is the Fair Market Rent for Lexington-Fayette, KY MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Lexington-Fayette, KY MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Lexington-Fayette, KY MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Lexington-Fayette, KY MSA compare nationally?
- Lexington-Fayette, KY MSA ranks #474 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.