
Cheap Apartments for Rent in the Hollywood Neighborhood of Lexington, KY from $635 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hollywood area of Lexington.


The Axis at 1435

Total Monthly Price
Town & Country Apartments

The Oaks at Woodland

Total Monthly Price
168 Montmullin St, Unit 168 Montmullin

Total Monthly Price
326 E High St, Unit 2

125 Forest Ave, Unit 1202
Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
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541 Euclid Ave

101 S Hanover Ave

310 S Broadway Park

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Kampus Terraces

3Fifty8
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426 E High St

Medical View Properties

Bluegrass Commons

Romany Road Apartments

126 Clay Ave
The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent
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562 Woodland Ave

University Flats

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Kampus Park

316 Transylvania Park

329 Oldham Ave
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

376 Park Ave

364 Oldham Ave
Hollywood, Lexington, KY Local Guide

How much does it cost to rent an apartment in Hollywood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hollywood Studio Apartments | $963 | $900 | $1,020 |
| Hollywood 1 Bedroom Apartments | $1,213 | $975 | $1,800 |
| Hollywood 2 Bedroom Apartments | $1,650 | $1,400 | $1,900 |
| Hollywood 3 Bedroom Apartments | $2,075 | $1,425 | $2,700 |
| Hollywood 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 1 mile radius of the Hollywood Neighborhood of Lexington, KY.
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Hollywood, Lexington, KY Local Guide
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Cheapest Available Hollywood Apartments for Rent
 The cheapest available apartment rental in the Hollywood area of Lexington, KY is a 4 Beds unit found at Hub Limestone priced from $775. The Axis at 1435 has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here are the most affordable Hollywood apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hub Limestone | 4x3 Lite | 4BR,3BA | $775 |
| The Axis at 1435 | Studio | Studio,1BA | $970 |
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1,171 |
Best Value Apartments for Rent in Hollywood, KY
As of September 12, 2026 the best value apartment in the Hollywood area is the $1.31 price per square foot 2 Bedroom w/ Study Model at Limestone Square/Medical Villas in the in the Montclair neighborhood starting from $1,240. The second greatest value Hollywood apartment is the 3x2 Mansion Model at Hub Limestone starting at $1,310 with a $1.38 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Limestone Square/Medical Villas | 2 Bedroom w/ Study | 2BR,2BA | $1.31 |
| Hub Limestone | 3x2 Mansion | 3BR,2BA | $1.38 |
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.58 |
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1.95 |
| Kampus Properties STUDENT HOUSING | STUDENT ONLY STUDIO | Studio ,1BA | $1.50 |
| 400 S Ashland Ave, Unit #12 | 400 S Ashland Ave | Studio ,1BA | $1.80 |
| 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.
Read ArticleNavigating 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.
Read ArticleQuick 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.
Pet Friendly LifestyleHollywood, Lexington, KY
Ranked #91
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Hollywood, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Hollywood Apartments
What is the Cheapest Studio apartment in Hollywood?
Currently the most affordable Cheap Studio Apartment in Hollywood is at The Axis at 1435 listed at $970.
How much is rent for a Cheap One Bedroom Hollywood Apartment?
The lowest price for a Cheap One Bedroom Hollywood Apartment is $1,095 at The Axis at 1435.
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.