
Cheap Homes for Rent in Hollywood Neighborhood of Lexington, KY from $600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Hollywood area of Lexington.


184 Montmullin St
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.

562 Woodland Ave, Unit #34

123 Montmullin St
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.
Hollywood, Lexington, KY Local Guide

How much does it cost to rent a home in Hollywood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hollywood 2 Bedroom Homes for Rent | $1,836 | $700 | $3,300 |
| Hollywood 3 Bedroom Homes for Rent | $1,590 | $650 | $2,625 |
| Hollywood 4 Bedroom Homes for Rent | $3,065 | $1,595 | $4,000 |
| Hollywood 6 Bedroom Homes for Rent | $5,550 | $5,550 | $5,550 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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
- Nearby Lexington neighborhoods
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Best Value Apartments for Rent in Hollywood, KY
As of December 29, 2025 the best value apartment in the Hollywood area is the $2.06 price per square foot 545 S Limestone Model at 545 S Limestone, Unit 2 in the in the Aylesford Place neighborhood starting from $1,650. The second greatest value Hollywood apartment is the 559 Limestone S Model at 559 Limestone S, Unit 201 starting at $1,200 with a $2.40 price per square foot in the Aylesford Place 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. |
|---|---|---|---|
| 545 S Limestone, Unit 2 | 545 S Limestone | 2BR,1BA | $2.06 |
| 559 Limestone S, Unit 201 | 559 Limestone S | 1BR,1BA | $2.40 |
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 ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 #88
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Hollywood, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Hollywood
What type of rentals are currently available in Hollywood?
There are currently 214 Apartments for Rent in Hollywood, KY with pricing that ranges from $810 to $2,100. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hollywood ranging from $650 to $5,550.
What is the current price range for Rental Homes in Hollywood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hollywood ranges from $650 to $5,550 with an average monthly rent of $2,373.
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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.