500 Ohio St
LexingtonKY40508
Cheap Apartments for Rent in the Elsmere Park Neighborhood of Lexington, KY from $495 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elsmere Park area of Lexington.
117 Hagerman Ct
LexingtonKY40508
522 E 7th St
LexingtonKY40505
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Rent Specials
$875 - $1,1501 to 3 Bedroom Apartments Available Now
Rosetown Apartments
320 Elm Tree LnLexington, KY 40508
451 Chestnut St
LexingtonKY40508
159 Rand Ave
LexingtonKY40508
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$1,000Studio to 4 Bedroom Apartments Available Now
MXWL
201 E Maxwell StLexington, KY 40508
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.
312 S Upper St
LexingtonKY40508
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$1,180 - $2,1201 to 2 Bedroom Apartments Available Now
Artek Lofts
159 Old Georgetown StLexington, KY 40508
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Rent Specials
$1,190 - $1,9251 to 2 Bedroom Apartments Available Now
The Flats at 345
345 Blackburn AveLexington, KY 40508
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Studio Apartments
Stonehurst Studios
256 Lyndhurst PlLexington, KY 40508
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1 to 3 Bedroom Apartments
Imperial
115 W Loudon AveLexington, KY 40508
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1 Bedroom Apartments
Matthews House Apartments
547 Breckenridge StLexington, KY 40508
180 York St
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.
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1 Bedroom Apartments
109 Withers Ave
109 Withers AveLexington, KY 40505
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Studio to 1 Bedroom Apartments
Arlington Lofts
1001-1021 N Limestone StLexington, KY 40505
468 N Limestone
LexingtonKY40508
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1 to 3 Bedroom Apartments
330 Newtown Apartments
330 Newtown PikeLexington, KY 40508
528 Booker St
LexingtonKY40508
557 N Limestone
LexingtonKY40508
445 Davidson Ct
LexingtonKY40508
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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1 Bedroom Apartments
Rose Tower Apartments
137 Rose StLexington, KY 40507
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Studio to 1 Bedroom Apartments
Central Christian Church Apartments
249 E Short StLexington, KY 40507
566 N Martin Luther King Blvd
LexingtonKY40508
531 Smith St
LexingtonKY40508
529 Smith St
LexingtonKY40508
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1 Bedroom Apartments
524 W Third St
524 W Third StLexington, KY 40508
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1 to 2 Bedroom Apartments
Lincoln Terrace Apartments
536 Georgetown StLexington, KY 40508
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
113 Hagerman Ct
LexingtonKY40508
623 Ohio St
LexingtonKY40508
Showing Results 1-30, Page 1 of 1
Elsmere Park, Lexington, KY Local Guide
How much does it cost to rent an apartment in Elsmere Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elsmere Park Studio Apartments | $1,435 | $1,000 | $1,845 |
| Elsmere Park 1 Bedroom Apartments | $1,448 | $665 | $3,237 |
| Elsmere Park 2 Bedroom Apartments | $1,663 | $899 | $2,159 |
| Elsmere Park 3 Bedroom Apartments | $1,365 | $945 | $2,450 |
| Elsmere Park 4 Bedroom Apartments | $1,000 | $1,000 | $1,000 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Elsmere Park Neighborhood of Lexington, KY.
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Elsmere Park, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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Cheapest Available Elsmere Park Apartments for Rent
The cheapest available apartment rental in the Elsmere Park area of Lexington, KY is a 4 Beds unit found at MXWL priced from $1,000. Rosetown Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. Here are the most affordable Elsmere Park apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MXWL | S1 | 4BR,4BA | $1,000 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1,050 |
| Hub Lexington Upper | 4x2 Balcony | 4BR,2BA | $1,159 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,180 |
| Studios180 - Short/Long Term Leases | Studio | Studio,1BA | $1,245 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,299 |
| The Flats at 345 | One Bedroom Large | 1BR,1BA | $1,395 |
| 260 Lexington Avenue | 2x2 | 2BR,2BA | $1,875 |
Best Value Apartments for Rent in Elsmere Park, KY
As of September 05, 2026 the best value apartment in the Elsmere Park 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 Elsmere Park apartment is the 2x2 Model at 260 Lexington Avenue starting at $1,875 with a $1.97 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hub Lexington Upper | 4x2 Balcony | 4BR,2BA | $1.10 |
| 260 Lexington Avenue | 2x2 | 2BR,2BA | $1.97 |
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.58 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1.39 |
| The Flats at 345 | One Bedroom Large | 1BR,1BA | $2.12 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.36 |
| Park Plaza Apartments | Maxwell | Studio ,1BA | $3.40 |
| MXWL | S1 | Studio ,1BA | $2.81 |
| Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $4.13 |
| 438 Jefferson St | 438 Jefferson St | 2BR,2BA | $18.47 |
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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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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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 LifestyleElsmere Park, Lexington, KY
Ranked #74
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $1,875.
What is the price of a cheap apartment in Elsmere Park?
The cheapest apartment in Elsmere Park is MXWL which is listed at $1,000, while the average apartment in Elsmere Park costs $1,395.
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.
How do the prices of cheap apartments compare to the average apartment in Elsmere Park?
Cheap apartments in Elsmere Park have an average cost of $636 which is $759 cheaper than the average rent for all rentals in Elsmere Park.
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
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington
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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.
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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.
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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.