1 Bedroom Apartments for Rent in the Downtown Lexington Neighborhood of Lexington, KY (133 Rentals)

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Park Plaza Apartments
$1,414 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $3,695

Total Monthly Price
$1,279 - $3,695
1 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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$1,660 - $1,720
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $2,384

Total Monthly Price
$1,015 - $2,384
1 Bedroom Apartments Available Aug 15

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840 Angliana AveLexington, KY 40508
Student Housing
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  • Utilities Included
  • 3D Tour

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 123 Montmullin St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

123 Montmullin St

LexingtonKY40508

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 402 Gunn St

$900 - $1,025

1 Bedroom Rentals

Available Now

402 Gunn St

LexingtonKY40508

Downtown Lexington - One of the Best Affordable Neighborhoods in Lexington

Named as one of the Best Affordable Neighborhoods to rent in Lexington by our Local Expert Catrina Cowart. See how it ranks!

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431 E High St
1 Bedroom Apartments

431 E High St

431 E High StLexington, KY 40507
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The Dakota
1 Bedroom Apartments

The Dakota

1211 Richmond RdLexington, KY 40502
  • Smoke Free
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1435 N Forbes Rd
1 Bedroom Apartments

1435 N Forbes Rd

1435 N Forbes RdLexington, KY 40511
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256 E High St
1 Bedroom Apartments

256 E High St

256 E High StLexington, KY 40507
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568 N Broadway
1 Bedroom Apartments

568 N Broadway

568 N BroadwayLexington, KY 40508
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433 E Maxwell St
1 Bedroom Apartments

433 E Maxwell St

433 E Maxwell StLexington, KY 40508

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

Downtown Lexington, Lexington, KY Local Guide

Largest Available Downtown Lexington 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in the Downtown Lexington area of Lexington, KY is found at Latitude Lexington and is listed at 810 square feet priced from $1,419. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
Latitude Lexington525: 1 Bed - 1 Bath810 Sq Ft$1,419
Preserve LexingtonA3760 Sq Ft$1,355
260 Lexington Avenue1BR/1.0BA746 Sq Ft$1,450
Trifecta on Red Mile - Newly Renovated!Trifecta on Red Mile - One Bedroom691 Sq Ft$1,095
The Oaks at Woodland1 Bed, 1 bath600 Sq Ft$1,071
Gateway Lofts LexingtonWildcat598 Sq Ft$1,474
Ferrill Square Apartments - 55+ CommunityOne Bedroom550 Sq Ft$806
Artek Lofts1 Bed, 1 Bath Flat500 Sq Ft$1,180
Park Plaza ApartmentsPenthouse496 Sq Ft$1,576
MidTown ApartmentsLimestone480 Sq Ft$1,200

Cheapest Available Downtown Lexington 1 Bedroom Apartments

Currently the lowest priced 1 Bedroom apartment unit Downtown Lexington of Lexington, KY is the NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... Model starting from $745 at VELO Lexington. The average price for all 1 Bedroom apartments in Downtown Lexington is currently $1,476. Here is today’s list of the cheapest available 1 Bedroom options in the area:

Apartment ListingModel NamePriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...$745
Ferrill Square Apartments - 55+ CommunityOne Bedroom$806
Preserve LexingtonA1$999
The Oaks at Woodland1 Bed, 1 bath$1,071
Trifecta on Red Mile - Newly Renovated!Trifecta on Red Mile - One Bedroom$1,095
The Axis at 1435One Bedroom Courtyard$1,115
Artek Lofts1 Bed, 1 Bath Flat$1,180
MidTown ApartmentsLimestone$1,200
Latitude Lexington525: 1 Bed - 1 Bath$1,419

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Lexington, KY. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about 1 Bedroom Downtown Lexington Apartments

What is the Cheapest apartment in Downtown Lexington with 1 Bedroom?

Currently the most affordable 1 Bedroom in Downtown Lexington is at VELO Lexington listed at $745.

How much is the average rent for a 1 Bedroom Downtown Lexington Apartment?

The average rent for a 1 Bedroom Apartment in Downtown Lexington is $1,476.

What is the largest available 1 Bedroom Downtown Lexington Apartment for rent?

Today's apartment with the most square footage in Downtown Lexington is a 810 square feet unit starting from $1,419 at Latitude Lexington.

What is the average size for Downtown Lexington 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Downtown Lexington is currently 430 sq ft.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington

Written by: Catrina Cowart

Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky, and I'm happy to talk to you about some of the neighborhoods that I've found to be particularly charming in this small city.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.