
Apartments for Rent in the Downtown Lexington Neighborhood of Lexington, KY Under $1,500 (94 Rentals)


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Trifecta on Red Mile - Newly Renovated!

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Studios180 - Short/Long Term Leases

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Park Plaza Apartments

Belmont Run Apartments

Kampus Properties STUDENT HOUSING

MidTown Apartments

The Studios at Belmont - MAJOR UTILITIES INCL

The Wyatt

The Flats at 345
Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

The Axis at 1435

The Oaks at Woodland

Gateway Lofts Lexington

Limestone Square/Medical Villas

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Signature

VELO Lexington

Latitude Lexington

Artek Lofts

The Stretch

Davis Park Station
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

MXWL

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Town & Country Apartments

Rosetown Apartments

Meadowthorpe Landing - Senior Housing

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168 Montmullin St, Unit 168 Montmullin

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326 E High St, Unit 2

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201 Price Rd, Unit Apt 223

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807 Press Ave, Unit 1

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127 Gazette Ave, Unit 1

860 S Broadway
The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent
Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

485-487-487 W 3rd St

339 S Broadway Park

812 W Maxwell St

159 Rand Ave

562 Woodland Ave

261 Lyndhurst Pl

312 S Upper St

120 Hagerman Ct

122 Hagerman Ct

823 Whitney Ave
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

172 Eddie St

434 N Martin Luther King Blvd

401 Springhill Dr

443 Hawkins Ave

405 Roosevelt Blvd

616 Bellaire Ave

493 Bob-O-Link Dr

154 E 7th St

438 Michigan St

401 Roosevelt Blvd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,332 | $875 | $1,855 |
| Downtown Lexington 1 Bedroom Apartments | $1,369 | $700 | $2,486 |
| Downtown Lexington 2 Bedroom Apartments | $1,516 | $895 | $2,632 |
| Downtown Lexington 3 Bedroom Apartments | $1,211 | $1,000 | $1,875 |
| Downtown Lexington 4 Bedroom Apartments | $1,354 | $739 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 94 rentals with your search options within a 2 mile radius of the Downtown Lexington Neighborhood of Lexington, KY.
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Downtown Lexington, Lexington, KY Local Guide
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 316 Studio Apartments in Downtown Lexington with rent ranges from $875 to $1,855 with an average price of $1,332.
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 $700 to $2,486 with an average monthly rent of $1,369.
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 $895 to $2,632. Today's average rental price for Two Bedrooms here is $1,516.
How expensive are Downtown Lexington Three Bedroom Apartments?
There are currently 29 Three Bedroom Apartments listings available in Downtown Lexington on ApartmentHomeLiving.com. The pricing ranges from $1,000 to $1,875 - averaging $1,211 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.
Helpful Local Expert Guides

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

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.
Articles, How-To's, and Tips

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.