Lafayette vs Lexington-Fayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 23% cheaper for renters. A 2-bedroom rents for $741/mo vs $913/mo in Lexington-Fayette — saving $2,064/year.
Rent by Unit Size
| Unit Size | Lafayette | Lexington-Fayette | Difference |
|---|---|---|---|
| Studio | $502 | $595 | $93 |
| 1 Bedroom | $626 | $719 | $93 |
| 2 Bedrooms | $741 | $913 | $172 |
| 3 Bedrooms | $958 | $1,047 | $89 |
| 4 Bedrooms | $1,134 | $1,300 | $166 |
| Median Income | $38,989 | $47,838 | $8,849 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/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 Lafayette or Lexington-Fayette cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $913/mo in Lexington-Fayette. That's $172/mo or $2,064/year more expensive in Lexington-Fayette (23% higher).
What is the 2-bedroom rent in Lafayette vs Lexington-Fayette?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Lexington-Fayette, a 2-bedroom FMR is $913/month.
How do incomes compare between Lafayette and Lexington-Fayette?
The median household income in Lafayette is $38,989/year. In Lexington-Fayette it is $47,838/year. Lexington-Fayette has the higher median income.
What is the studio rent in Lafayette vs Lexington-Fayette?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Lexington-Fayette it is $595/mo.