Updated 2 Days Ago
Location
122 S Hanover Ave, Lexington, KY 40502, USA
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Property Overview
Located in a convenient Lexington setting, this home offers a strong mix of everyday practicality and appealing features. It stands out for its well-rounded value, with characteristics that may suit buyers looking for comfort, accessibility, and a desirable location.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Middle school nearby
- Covered parking
Great for
Social life
Amenities for 122 S Hanover Ave
Apartment Amenities
| 2 Floors | Ceiling Fan |
| Hardwood Floor | Natural Gas |
| Walk-in Closet |
Appliances
| Dishwasher | Electric |
Building
| Exterior Type: Brick | Laundry Room |
Grounds
| Garage Parking |
Other
| Three Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 122 S Hanover Ave
Property Status: Active Contact Chris to schedule a showing. One of the best locations you can find and with a one car garage! Do not miss this Chevy Chase 1 bed/bath unit that is located within a 4plex. Located on one of the best streets in Lexington and ready now! The property has 2 levels that maximizes the incredible space. Generous sized living space and ready for you to make it your own. You are only a couple minutes to campus, grocery stores, UK hospital and all the restaurants and shopping you could want. The amazing deck on the 2nd floor provides a unique space that takes the unit to another level. Please reach out today to schedule a showing. The garage space in the rear is available for an extra $200/month if so desired! Tenant is responsible for all utilities. One year lease preferred and pets are considered on a case by case Office Phone: (859) 278-7501 Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 122 S Hanover Ave compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 457 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.3 mile away
- Covered parking
- Garage, covered, or indoor parking is available at this address
- Images available
- There are at least 10 photos of this address
- Walk-in closet
- Rentals here may include more closet space than average
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Zip code | 40502 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Lexington
1-bedroom apartments at 122 S Hanover Ave cost about 79% more than the average rent price for 1-bedroom apartments in Lexington.
Median rents as of Aug 8 2026.
Lexington
| Month | Median Rent |
|---|---|
| August 2024 | $1,044 |
| September 2024 | $1,005 |
| October 2024 | $1,002 |
| November 2024 | $1,009 |
| December 2024 | $997 |
| January 2025 | $998 |
| February 2025 | $997 |
| March 2025 | $994 |
| April 2025 | $970 |
| May 2025 | $985 |
| June 2025 | $1,046 |
| July 2025 | $1,035 |
| August 2025 | $1,009 |
| September 2025 | $995 |
| October 2025 | $996 |
| November 2025 | $995 |
| December 2025 | $990 |
| January 2026 | $959 |
| February 2026 | $966 |
| March 2026 | $954 |
| April 2026 | $969 |
| May 2026 | $964 |
| June 2026 | $987 |
| July 2026 | $981 |
| August 2026 | $962 |
Affordability calculator
Can I afford to live at 122 S Hanover Ave?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$68,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $68,000 annually to afford this 1-bedroom monthly rent price of $1,700.
For more information on rent affordability, visit our rent calculator.
Schools near 122 S Hanover Ave
Fcps Virtual Academy
701 east main st
lexington, KY, 40502
K-12Public
Ashland Elementary School
195 n ashland ave
lexington, KY, 40502
K-5Public
A
Fayette Pre-School
465 springhill dr
lexington, KY, 40503
PKPublic
Fayette County Preschool
165 springhill dr
lexington, KY, 40503
PKPublic
Booker T. Washington Elementary School
707 howard st
lexington, KY, 40508
PK, K-5Public
C+
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Internet available near 122 S Hanover Ave
Getting around Lexington near 122 S Hanover Ave
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 122 S Hanover Ave, Lexington
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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