Short-term rentals (STRs) in Fayette County, Kentucky, specifically in Lexington, are legal but subject to comprehensive regulations set by the Lexington-Fayette Urban County Government. These rentals are commonly referred to as "Short-Term Rentals" and include both hosted and un-hosted options. Owners must obtain a Special Fees License, which requires annual renewal, along with a Zoning Compliance Permit and a Business License. Properties that thrive include urban apartments and residential homes, with increasing popularity for cabins and rural properties. The market caters primarily to tourists, especially during events like the Kentucky Bourbon Festival, while also accommodating business travelers throughout the year. The regulations implemented limit occupancy and require adherence to safety codes, reflecting the city's efforts to regulate this growing sector. For further details about regulations and licensing, visit the official government website at.