Cheap Apartments for Rent in the Elsmere Park Neighborhood of Lexington, KY from $400 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Elsmere Park area of Lexington.

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.

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Park Plaza Apartments
$1,289 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $3,695
Total Monthly Price
$1,289 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included
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Imperial
1 to 3 Bedroom Apartments

Imperial

115 W Loudon AveLexington, KY 40508
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
  • Utilities Included
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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
  • Utilities Included
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Rose Tower Apartments
1 Bedroom Apartments

Rose Tower Apartments

137 Rose StLexington, KY 40507
Corporate Housing
  • Utilities Included

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.

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524 W Third St
1 Bedroom Apartments

524 W Third St

524 W Third StLexington, KY 40508
  • Utilities Included
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271 Lexington Ave
2 Bedroom Apartments

271 Lexington Ave

271 Lexington AveLexington, KY 40508
Student Housing

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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620 N Limestone
Studio to 1 Bedroom Apartments

620 N Limestone

620 N LimestoneLexington, KY 40508
Corporate Housing
  • Utilities Included
property at 616 Bellaire Ave

$1,300 - $1,590

1 To 2 Bedroom Rentals

Available Now

616 Bellaire Ave

LexingtonKY40508
Showing Results 1-34, Page 1 of 1

Elsmere Park, Lexington, KY Local Guide

Cheapest Available Elsmere Park Apartments for Rent

 

The cheapest available apartment rental in the Elsmere Park area of Lexington, KY is a 1 Bed unit found at Artek Lofts priced from $1,180. Studios180 - Short/Long Term Leases has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Elsmere Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$1,180
Studios180 - Short/Long Term LeasesStudioStudio,1BA$1,195
Park Plaza ApartmentsMaxwellStudio,1BA$1,289
The Flats at 345Two Bedroom2BR,2BA$1,775

Best Value Apartments for Rent in Elsmere Park, KY

As of July 22, 2026 the best value apartment in the Elsmere Park area is the $0.83 price per square foot 3 Beds, 2 Baths Model at Imperial in the in the Northside Historic Residential neighborhood starting from $796. The second greatest value Elsmere Park apartment is the Two Bedroom Model at The Flats at 345 starting at $1,775 with a $1.88 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for Elsmere Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Imperial3 Beds, 2 Baths3BR,2BA$0.83
The Flats at 345Two Bedroom2BR,2BA$1.88
326 E High St, Unit 2326 E High St3BR,1BA$1.67
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$2.36
Park Plaza ApartmentsMaxwellStudio ,1BA$3.37
MXWLS1Studio ,1BA$2.81
Studios180 - Short/Long Term LeasesFurnished StudioStudio ,1BA$3.99

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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Quick Rent Budget Calculator

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.

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Pet Friendly Lifestyle
Elsmere Park, Lexington, KY

Ranked #68

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Elsmere Park, Lexington, KY

School data provided by Great Schools

Frequently Asked Questions about Cheap Elsmere Park Apartments

What is a cheap apartment in Elsmere Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elsmere Park is under $1,775.

What is the price of a cheap apartment in Elsmere Park?

The cheapest apartment in Elsmere Park is Artek Lofts which is listed at $1,180, while the average apartment in Elsmere Park costs $1,756.

What types of apartments are the cheapest in Elsmere Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Elsmere Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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.

decorative image for The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington article

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.

decorative image for The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities article

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

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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.

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Rent According to Income: A Look at Income-Restricted Rentals

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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