Many people are curious about how many new apartments are currently being built in Lexington. According to Apartments.com, there are 248 recently constructed rental listings in Lexington (as of 2026). While this is a significant number, it still represents only a portion of the total rental housing stock in Lexington.

So, when were the remaining rental properties in Lexington generally built? Buildings constructed in the 1970s account for the largest share at 18 percent (11,107 units), followed by those from the 1990s at 15 percent (9,441 units), and another 15 percent (9,095 units) from the 1980s (rentcafe.com, as of 2026). Nearly half of the rental inventory consists of buildings that are between 30 and 50 years old.

The most pressing question is likely about rental prices. The average rent in Lexington is around $1,358 as of 2026, which is a 1.57 percent increase from the previous year (apartmentlist.com). Other sources report figures ranging from $1,351 to $1,400. Studios average $1,004, one-bedroom units are $1,140, two-bedroom units are $1,383, and three-bedroom units are around $1,835.

Given the relatively low proportion of new constructions, it's important to note that options for new rental properties in Lexington may be limited. However, new constructions often feature the latest insulation materials and smart technologies, which can lead to lower maintenance costs, and they frequently come with construction warranties, reducing concerns about major repairs in the initial years.

On the other hand, what advantages do older buildings offer? Properties built in the 1970s to 1990s generally have more spacious layouts, and being in established neighborhoods, they often benefit from mature landscaping and infrastructure. However, it's also important to consider that major repairs, such as plumbing or roofing, may be on the horizon, which could lead to unexpected costs.

Lexington is also a place where many Korean families prefer to live due to its school districts. While you can refer to ratings from sources like GreatSchools or Niche, keep in mind that district boundaries can change frequently, so it's advisable to verify the assigned school for a specific address before signing a lease. If you're moving to Kentucky for the first time, be aware that property taxes and insurance conditions may differ from your previous state.

You might wonder how Kentucky's four seasons and humidity affect buildings. In Lexington, where summer humidity is high, older buildings with poor insulation and ventilation can lead to issues like mold or high cooling costs. New constructions often come equipped with modern ventilation systems, making them relatively advantageous in this regard.

From an investment perspective, you may be contemplating which option is better. In a market like Lexington, where the proportion of new constructions is low, well-maintained older properties can still secure stable rental demand. However, if a building is approaching the time for plumbing or roofing replacements, unexpected large expenses could impact profitability, so it's wise to consider this as well. I cannot guarantee a specific return on investment.

Insurance costs are another aspect to consider. Older buildings with aging plumbing or roofs may have higher insurance premiums, so it's advisable to check estimated insurance costs before signing a lease.

You may also be curious about how living arrangements differ. New constructions often feature open floor plans, ample storage space, and in-unit laundry facilities, enhancing practical usability. Older buildings may have more distinctly separated rooms and shared laundry facilities, but some families may actually prefer this layout. In areas like Lexington, where suburban neighborhoods are developed, you can find older townhouses with yards, which could be a great option for families with children.

In a market like Lexington, where new supply is limited, finding well-maintained older properties seems like a realistic choice. This article does not constitute investment or legal advice, and it is recommended to consult with a professional before making any agreements.