445 Davidson Ct
LexingtonKY40508
Cheap Homes for Rent in Downtown Lexington Neighborhood of Lexington, KY from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lexington area of Lexington.
453 Race St
LexingtonKY40508
1456 Meadowthorpe Avenue, Unit Apartment #2
1456 Meadowthorpe Avenue
LexingtonKY40511
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.
401 Roosevelt Blvd
LexingtonKY40508
529 Smith St
LexingtonKY40508
509 W 3rd St
LexingtonKY40508
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.
137 Eddie St
LexingtonKY40508
Showing Results 1-7, Page 1 of 1
Downtown Lexington, Lexington, KY Local Guide
How much does it cost to rent a home in Downtown Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lexington 2 Bedroom Homes for Rent | $1,505 | $950 | $2,500 |
| Downtown Lexington 3 Bedroom Homes for Rent | $1,454 | $899 | $1,800 |
| Downtown Lexington 4 Bedroom Homes for Rent | $2,814 | $1,800 | $4,800 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Downtown Lexington Neighborhood of Lexington, KY.
Explore Lexington
Downtown Lexington, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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Cheapest Available Downtown Lexington Apartments for Rent
The cheapest available apartment rental in the Downtown Lexington area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Rose Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Downtown Lexington apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $850 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $854 |
Best Value Apartments for Rent in Downtown Lexington, KY
As of June 02, 2025 the best value apartment in the Downtown Lexington area is the $1.83 price per square foot 4 x 3 End Unit Model at Burley Properties in the in the Downtown Lexington neighborhood starting from $2,500. The second greatest value Downtown Lexington apartment is the Two Bedroom Model at The Stretch starting at $865 with a $0.88 price per square foot in the Downtown Lexington neighborhood. Here is today’s list of the best values for Downtown Lexington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Burley Properties | 4 x 3 End Unit | 4BR,3BA | $1.83 |
| The Stretch | Two Bedroom | 2BR,2BA | $0.88 |
| Signature | The Secretariat | 2BR,2BA | $1.13 |
| MidTown Apartments | Euclid | 2BR,2BA | $1.84 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
| Hub Limestone | 2x1 A | 2BR,1BA | $1.72 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.29 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $1.89 |
| Preserve Lexington | A1 | 1BR,1BA | $2.43 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Lexington
What type of rentals are currently available in Downtown Lexington?
There are currently 478 Apartments for Rent in Downtown Lexington, KY with pricing that ranges from $725 to $4,182. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lexington ranging from $800 to $4,800.
What is the current price range for Rental Homes in Downtown Lexington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lexington ranges from $800 to $4,800 with an average monthly rent of $1,680.
How much are larger Three and Four Bedroom Rentals in Downtown Lexington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Lexington range from $875 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $2,450.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.