Concord vs Lexington-Fayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lexington-Fayette is 19% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,088/mo in Concord — saving $2,100/year.
Rent by Unit Size
| Unit Size | Concord | Lexington-Fayette | Difference |
|---|---|---|---|
| Studio | $755 | $595 | $160 |
| 1 Bedroom | $912 | $719 | $193 |
| 2 Bedrooms | $1,088 | $913 | $175 |
| 3 Bedrooms | $1,418 | $1,047 | $371 |
| 4 Bedrooms | $1,586 | $1,300 | $286 |
| Median Income | $53,649 | $47,838 | $5,811 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/yr
Lexington-Fayette
- Studio
- $595/mo
- 1 BR
- $719/mo
- 2 BR
- $913/mo
- 3 BR
- $1,047/mo
- 4 BR
- $1,300/mo
- Median Income
- $47,838/yr
Frequently Asked Questions
Is Concord or Lexington-Fayette cheaper to rent in?
Lexington-Fayette is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,088/mo in Concord. That's $175/mo or $2,100/year more expensive in Concord (19% higher).
What is the 2-bedroom rent in Concord vs Lexington-Fayette?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Lexington-Fayette, a 2-bedroom FMR is $913/month.
How do incomes compare between Concord and Lexington-Fayette?
The median household income in Concord is $53,649/year. In Lexington-Fayette it is $47,838/year. Concord has the higher median income.
What is the studio rent in Concord vs Lexington-Fayette?
A studio apartment Fair Market Rent in Concord is $755/mo. In Lexington-Fayette it is $595/mo.