The striker got his 100th Premier League goal for the Foxes in a 3-0 win over Crystal Palace at home.
The result put Leicester in a better position to finish in the top four in the Premier League.
And Rodgers feels the Englishman's decision to stay at Leicester is a key reason for his adoration among supporters.
Speaking about Vardy post-game, manager Rodgers said: "I think as things stand he's a legend here now for the rest of his time at the club, it's just what he adds to that status over the rest of his career.
"It's hard to knock players if they do want to move on because their careers are so short but he's obviously felt really comfortable.
"He's found a real home here, he is adored by the supporters and they absolutely love him and he has gone on and hit this milestone and I'm sure he'll continue to create an incredible legacy here. I'm lucky to have him.
"It's all individual choice, players will move on and clubs will lose players but his is an example that if you decide to stay you can continue to develop."