
Apartments for Rent in the Downtown Lexington Neighborhood of Lexington, KY Under $1,200 (70 Rentals)


Total Monthly Price
Studios180 - Short/Long Term Leases

The Flats at 345

Total Monthly Price
The Axis at 1435

Belmont Run Apartments

The Wyatt

MidTown Apartments

Total Monthly Price
The Studios at Belmont - MAJOR UTILITIES INCL

Kampus Properties STUDENT HOUSING

The Oaks at Woodland
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Total Monthly Price
Signature

Limestone Square/Medical Villas

VELO Lexington

Latitude Lexington

Artek Lofts

Total Monthly Price
Preserve Lexington

The Stretch

Davis Park Station

Meadowthorpe Landing - Senior Housing

Ferrill Square Apartments - 55+ Community
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.

Rosetown Apartments

Total Monthly Price
444 S Ashland Ave, Unit B-07

807 Press Ave, Unit 1

Total Monthly Price
400 S Ashland Ave, Unit #1

123 Montmullin St

329 Wilson St

314 Transylvania Park

904 Tates Creek Rd

571 Pemberton St

522 E 7th St
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.

227 E 7th St

402 Gunn St

562 Woodland Ave

610 Elm Tree Ln

422 Aylesford Pl

418 Chestnut St

614 Ohio St

308 E 7th St

1217 Hammond Ave

633 Ohio St
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!

704 Jackson St

Matthews House Apartments

Hub Limestone

Bluegrass Commons Bluegrass Commons

Hub Limestone

Medical Villas

Lincoln Terrace Apartments

524 W Third St

Hub Lexington Upper

University Flats
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

How much does it cost to rent an apartment in Downtown Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lexington Studio Apartments | $1,419 | $810 | $2,349 |
| Downtown Lexington 1 Bedroom Apartments | $1,468 | $740 | $3,001 |
| Downtown Lexington 2 Bedroom Apartments | $1,535 | $854 | $2,364 |
| Downtown Lexington 3 Bedroom Apartments | $1,676 | $1,000 | $3,000 |
| Downtown Lexington 4 Bedroom Apartments | $1,289 | $739 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 70 rentals with your search options within a 2 mile radius of the Downtown Lexington Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Downtown Lexington, Lexington, KY Local Guide
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Downtown Lexington, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Downtown Lexington
How much are Studio apartments in Downtown Lexington?
There are currently 328 Studio Apartments in Downtown Lexington with rent ranges from $810 to $2,349 with an average price of $1,419.
What is the current price range for One Bedroom Downtown Lexington Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Lexington ranges from $740 to $3,001 with an average monthly rent of $1,468.
What does renting a Two Bedroom Apartment in Downtown Lexington cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Lexington range from $854 to $2,364. Today's average rental price for Two Bedrooms here is $1,535.
How expensive are Downtown Lexington Three Bedroom Apartments?
There are currently 33 Three Bedroom Apartments listings available in Downtown Lexington on ApartmentHomeLiving.com. The pricing ranges from $1,000 to $3,000 - averaging $1,676 for the location.
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

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.

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.