523 1/2 Ohio St
LexingtonKY40508
Cheap Homes for Rent in the Downtown Lexington Neighborhood of Lexington, KY from $900 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lexington area of Lexington.
767 Maple Ave
LexingtonKY40508
556 W Fifth St
LexingtonKY40508
1216 Hammond Ave
LexingtonKY40508
566 N Martin Luther King Blvd
LexingtonKY40508
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.
401 Roosevelt Blvd
LexingtonKY40508
419 E Fifth St
LexingtonKY40508
493 Bob-O-Link Dr
LexingtonKY40503
616 Bellaire Ave
LexingtonKY40508
405 Roosevelt Blvd
LexingtonKY40508
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
401 Springhill Dr
LexingtonKY40503
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$1,4002 Bedroom Apartments Available Now
507 Michigan St, Unit 1
507 Michigan StLexington, KY 40508
443 Hawkins Ave
LexingtonKY40508
409 Roosevelt Blvd
LexingtonKY40508
101 S Hanover Ave
LexingtonKY40502
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.
434 N Martin Luther King Blvd
LexingtonKY40508
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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 | $1,867 | $995 | $3,950 |
| Downtown Lexington 3 Bedroom Homes for Rent | $1,714 | $1,095 | $2,500 |
| Downtown Lexington 4 Bedroom Homes for Rent | $2,526 | $1,645 | $4,500 |
| Downtown Lexington 5 Bedroom Homes for Rent | $4,029 | $2,395 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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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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 Meadowthorpe Landing - Senior Housing priced from $770. 562 Woodland Ave has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Downtown Lexington apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadowthorpe Landing - Senior Housing | One Bedroom | 1BR,1BA | $770 |
| 562 Woodland Ave | 0 Beds, 1 Baths | Studio,1BA | $875 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $935 |
| The Axis at 1435 | Studio | Studio,1BA | $970 |
| MidTown Apartments | Woodland | 1BR,1BA | $1,005 |
Best Value Apartments for Rent in Downtown Lexington, KY
As of July 22, 2026 the best value apartment in the Downtown Lexington area is the $0.53 price per square foot 525: 4 bed - 4.5 Bath Model at Latitude Lexington in the in the Downtown Lexington neighborhood starting from $774. The second greatest value Downtown Lexington apartment is the 2 Bedroom w/ Study Model at Limestone Square/Medical Villas starting at $1,240 with a $1.31 price per square foot in the Montclair 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. |
|---|---|---|---|
| Latitude Lexington | 525: 4 bed - 4.5 Bath | 4BR,4.5BA | $0.53 |
| Limestone Square/Medical Villas | 2 Bedroom w/ Study | 2BR,2BA | $1.31 |
| The Flats at 345 | Two Bedroom | 2BR,2BA | $1.88 |
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.67 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.63 |
| Meadowthorpe Landing - Senior Housing | One Bedroom | 1BR,1BA | $1.17 |
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1.95 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.36 |
| 562 Woodland Ave | 0 Beds, 1 Baths | Studio ,1BA | $2.03 |
| The Axis at 1435 | Studio Courtyard | Studio ,1BA | $2.58 |
Don'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.
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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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Best Local Schools in Downtown Lexington, Lexington, KY
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Frequently Asked Questions about Downtown Lexington
What type of rentals are currently available in Downtown Lexington?
There are currently 490 Apartments for Rent in Downtown Lexington, KY with pricing that ranges from $700 to $3,345. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lexington ranging from $995 to $5,000.
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 $995 to $5,000 with an average monthly rent of $2,301.
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 $1,000 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,645 and Four Bedroom Apartments start at $739.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.