Zip Code
Average Rent in 40516
40516 is a zip code in Lexington-Fayette, KY MSA. It ranks #11 out of 25 for places to rent. 40516 is in
the state of
Kentucky, the county of
Fayette County, the congressional district of
District 06 and the cities of
Fenwick, Lexington. Dwellsy has rental data there are no sections, 8 neighborhoods and no rental communities in 40516.The average rent over the last 3 months for places in 40516 is $1,418 which represents an increase of 100% over the same period.
Rental Price Comparison
The average rent for places in zip 40516 currently stands at $1,418.
In comparison, places in the average state, specifically Kentucky, is less expensive, with an average rent of $1,296. This represents a difference of -9% when compared to 40516.
Meanwhile, in the average msa of Lexington-Fayette, KY MSA, the average rent for the same type of housing is $1,401, showing a less expensive of -1% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,850. This constitutes a more expensive by +30% when compared to the rent in 40516.
$1,418
40516
VS$1,296
-9%
KY, state
$1,401
-1%
Lexington-Fayette, KY MSA, msa
$1,850
+30%
USA, us
Average price for rental listings over the last 3 months. Last updated May 10 2026
