Lexington, KY 2025 Q3 Multifamily Market Overview

Market Overview

‍The Lexington metropolitan area multifamily market remains resilient in Q3 2025, as asking rents climbed to approximately $1,240 per unit (a 3.3 % year-over-year increase) while occupancy held near 92.9 %. Overall vacancy is projected at 6.9 % for year-end, down from 7.5 % in 2024, and the development pipeline remains modest at roughly 160 units under construction, supporting medium-term rent growth momentum.

‍About The Kirkland Company

‍The Kirkland Company is a commercial real-estate investment firm with deep expertise across the Midwest and Southeast. Their Q3 2025 Lexington multifamily market report draws on local data for rents, occupancy, vacancy trends, and development activity, providing owners, developers and investors actionable insight into positioning and timing.To read the full report, click here.