Lexington-Fayette vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lexington-Fayette is 25% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,137/mo in Salem — saving $2,688/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Salem | Difference |
|---|---|---|---|
| Studio | $595 | $741 | $146 |
| 1 Bedroom | $719 | $913 | $194 |
| 2 Bedrooms | $913 | $1,137 | $224 |
| 3 Bedrooms | $1,047 | $1,411 | $364 |
| 4 Bedrooms | $1,300 | $1,615 | $315 |
| Median Income | $47,838 | $53,953 | $6,115 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Lexington-Fayette or Salem cheaper to rent in?
Lexington-Fayette is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,137/mo in Salem. That's $224/mo or $2,688/year more expensive in Salem (25% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Lexington-Fayette and Salem?
The median household income in Lexington-Fayette is $47,838/year. In Salem it is $53,953/year. Salem has the higher median income.
What is the studio rent in Lexington-Fayette vs Salem?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Salem it is $741/mo.