Lexington-Fayette vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 27% cheaper for renters. A 2-bedroom rents for $720/mo vs $913/mo in Lexington-Fayette — saving $2,316/year.
Rent by Unit Size
| Unit Size | Lexington-Fayette | Springfield | Difference |
|---|---|---|---|
| Studio | $595 | $490 | $105 |
| 1 Bedroom | $719 | $583 | $136 |
| 2 Bedrooms | $913 | $720 | $193 |
| 3 Bedrooms | $1,047 | $925 | $122 |
| 4 Bedrooms | $1,300 | $987 | $313 |
| Median Income | $47,838 | $37,539 | $10,299 |
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
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Lexington-Fayette or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $913/mo in Lexington-Fayette. That's $193/mo or $2,316/year more expensive in Lexington-Fayette (27% higher).
What is the 2-bedroom rent in Lexington-Fayette vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Lexington-Fayette is $913/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Lexington-Fayette and Springfield?
The median household income in Lexington-Fayette is $47,838/year. In Springfield it is $37,539/year. Lexington-Fayette has the higher median income.
What is the studio rent in Lexington-Fayette vs Springfield?
A studio apartment Fair Market Rent in Lexington-Fayette is $595/mo. In Springfield it is $490/mo.