342 E High St
LexingtonKY40507
Cheap Homes for Rent in Downtown Lexington Neighborhood of Lexington, KY from $900 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lexington area of Lexington.
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532 Chestnut St
LexingtonKY40508
103 Hagerman Ct
LexingtonKY40508
113 Hagerman Ct
LexingtonKY40508
120 Montmullin St
LexingtonKY40508
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
555 N Limestone
LexingtonKY40508
712 Florence Ave
LexingtonKY40508
858 Whitney Ave
LexingtonKY40508
531 Toner St
LexingtonKY40508
438 Michigan St
LexingtonKY40508
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
550 Georgetown St
LexingtonKY40508
523 Addison Ave
LexingtonKY40504
172 Eddie St
LexingtonKY40508
101 Hagerman Ct
LexingtonKY40508
The 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.
161 Preston Ave
LexingtonKY40502
363 Aylesford Pl
LexingtonKY40508
417 Uhlan Ct
LexingtonKY40504
Showing Results 1-18, 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 | $1,853 | $1,160 | $3,600 |
| Downtown Lexington 3 Bedroom Homes for Rent | $2,074 | $1,275 | $2,700 |
| Downtown Lexington 4 Bedroom Homes for Rent | $2,756 | $1,800 | $4,000 |
| Downtown Lexington 5 Bedroom Homes for Rent | $4,750 | $4,000 | $5,500 |
| Downtown Lexington 6 Bedroom Homes for Rent | $5,100 | $5,100 | $5,100 |
Browse Homes for Rent in this Neighborhood
There are currently 18 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
- 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. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $806. 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 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
| 515 S Upper St | Near Campus | Studio,1BA | $825 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $895 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $900 |
Best Value Apartments for Rent in Downtown Lexington, KY
As of September 18, 2025 the best value apartment in the Downtown Lexington area is the $1.83 price per square foot 4 x 3 Standard 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 Standard | 4BR,3BA | $1.83 |
| The Stretch | Two Bedroom | 2BR,2BA | $0.88 |
| Latitude Lexington | 525: 1 Bed - 1 Bath | 1BR,1BA | $1.75 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1.19 |
| Hub Lexington Upper | 2x2 VIP | 2BR,2BA | $1.85 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1.75 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
| 515 S Upper St | Near Campus | Studio ,1BA | $1.38 |
| The Flats at 345 | 325 One Bedroom | 1BR,1BA | $2.11 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $2.11 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Lexington, Lexington, KY
Ranked #46
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Lexington, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Downtown Lexington
What type of rentals are currently available in Downtown Lexington?
There are currently 491 Apartments for Rent in Downtown Lexington, KY with pricing that ranges from $610 to $4,700. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lexington ranging from $975 to $5,500.
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 $975 to $5,500 with an average monthly rent of $2,897.
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 $899 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $739.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.