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Section 8 rent in Lexington-Fayette, KY

FY2025 HUD Small Area Fair Market Rents for the Lexington-Fayette, KY MSA, covering 56 ZIP codes.

$1,171Avg 2BR FMR / mo
$1,288Avg 2BR at 110% Standard
56ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$730$804$1,090$884
1 Bedroom$890$984$1,340$1,083
2 Bedrooms$1,060$1,171$1,590$1,288
3 Bedrooms$1,440$1,589$2,160$1,748
4 Bedrooms$1,630$1,790$2,430$1,969

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$2,342$28,104
Triplex3 × 2BR$3,513$42,156
Fourplex4 × 2BR$4,684$56,208
Fourplex4 × 3BR$6,356$76,272

Gross scheduled rent before vacancy, maintenance and management. Run any Kentucky multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 56 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
40514 $1,340 $1,590 $2,160 $2,430
40513 $1,260 $1,500 $2,040 $2,290
40509 $1,190 $1,410 $1,920 $2,160
40515 $1,150 $1,370 $1,860 $2,090
40516 $1,110 $1,320 $1,790 $2,020
40510 $1,100 $1,300 $1,770 $1,980
40503 $1,090 $1,290 $1,750 $1,970
40511 $1,090 $1,290 $1,750 $1,970
40370 $1,050 $1,230 $1,660 $1,820
40517 $1,030 $1,220 $1,660 $1,860
40506 $1,010 $1,200 $1,630 $1,830
40512 $1,010 $1,200 $1,630 $1,830
40522 $1,010 $1,200 $1,630 $1,830
40523 $1,010 $1,200 $1,630 $1,830
40524 $1,010 $1,200 $1,630 $1,830

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Lexington-Fayette, KY?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Lexington-Fayette, KY MSA is $1,171 per month, ranging from $1,060 to $1,590 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,288.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Lexington-Fayette, KY, 2-bedroom SAFMRs run from $1,060 to $1,590 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Kentucky?
RealG searches live listings across Kentucky, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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These are the rents. RealG finds the properties.

Every Kentucky listing analyzed against real HUD rates and graded A–D. The AI agent calls the sellers.

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