180 York St
LexingtonKY40508
Cheap Homes for Rent in the Downtown Lexington Neighborhood of Lexington, KY from $800 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lexington area of Lexington.
468 N Limestone
LexingtonKY40508
528 Booker St
LexingtonKY40508
557 N Limestone
LexingtonKY40508
445 Davidson Ct
LexingtonKY40508
566 N Martin Luther King Blvd
LexingtonKY40508
616 Bellaire Ave
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.
531 Smith St
LexingtonKY40508
529 Smith St
LexingtonKY40508
335 American Ave
LexingtonKY40503
113 Hagerman Ct
LexingtonKY40508
623 Ohio St
LexingtonKY40508
770 Maple Ave
LexingtonKY40508
493 Bob O Link Dr
LexingtonKY40503
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.
409 Roosevelt Blvd
LexingtonKY40508
405 Roosevelt Blvd
LexingtonKY40508
443 Hawkins Ave
LexingtonKY40508
401 Springhill Dr
LexingtonKY40503
721 N Upper St
LexingtonKY40508
555 N Limestone
LexingtonKY40508
901 N Limestone
LexingtonKY40505
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.
Showing Results 1-21, 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 | $1,806 | $999 | $3,950 |
| Downtown Lexington 3 Bedroom Homes for Rent | $1,785 | $995 | $3,500 |
| Downtown Lexington 4 Bedroom Homes for Rent | $2,793 | $1,850 | $4,000 |
| Downtown Lexington 5 Bedroom Homes for Rent | $4,250 | $4,250 | $4,250 |
Browse Homes for Rent in this Neighborhood
There are currently 21 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 VELO Lexington priced from $895. Hub Limestone has the second lowest priced unit, which is a 4 Beds apartment currently listed from $924. Here are the most affordable Downtown Lexington apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| VELO Lexington | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $895 |
| Hub Limestone | 4x3 Lite VIP Balcony | 4BR,3BA | $924 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $935 |
| The Axis at 1435 | Studio | Studio,1BA | $970 |
| MXWL | S1 | 4BR,4BA | $1,000 |
Best Value Apartments for Rent in Downtown Lexington, KY
As of September 05, 2026 the best value apartment in the Downtown Lexington area is the $1.10 price per square foot 4x2 Balcony Model at Hub Lexington Upper in the in the Northside Historic Residential neighborhood starting from $1,159. 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. |
|---|---|---|---|
| Hub Lexington Upper | 4x2 Balcony | 4BR,2BA | $1.10 |
| Limestone Square/Medical Villas | 2 Bedroom w/ Study | 2BR,2BA | $1.31 |
| Latitude Lexington | 525: 2 Bed - 2 Bath | 2BR,2BA | $1.07 |
| The Lex | 2x2 Deluxe | 2BR,2BA | $1.18 |
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.58 |
| Signature | The Derby | 2BR,2BA | $1.47 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1.39 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1.75 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.63 |
| Kampus Properties STUDENT HOUSING | STUDENT ONLY STUDIO | Studio ,1BA | $1.50 |
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.
Read Article
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.
Read ArticleReal 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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Quick Rent Budget Calculator
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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.
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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 497 Apartments for Rent in Downtown Lexington, KY with pricing that ranges from $595 to $3,345. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lexington ranging from $800 to $4,250.
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 $4,250 with an average monthly rent of $1,802.
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 $945 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $799.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.