500 Ohio St
LexingtonKY40508
Cheap Apartments for Rent in the M L King Neighborhood of Lexington, KY from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the M L King area of Lexington.
921 N Broadway
LexingtonKY40505
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Rent Specials
$800 - $1,0001 to 3 Bedroom Apartments Available Now
Rosetown Apartments
320 Elm Tree LnLexington, KY 40508
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$810 - $890Studio Apartments Available Aug 13, 2026
Kampus Properties STUDENT HOUSING - 2024-'25
400-418 Aylesford PlLexington, KY 40508
262 N Broadway
LexingtonKY40507
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.
933 N Broadway
LexingtonKY40505
1001 N Broadway
LexingtonKY40505
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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.
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1 to 2 Bedroom Apartments
Woodland Park Apartments - UTILITIES INCLUDED
184 Old Park AveLexington, KY 40502
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Cash 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.
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Showing Results 1-16, Page 1 of 1
M L King, Lexington, KY Local Guide
How much does it cost to rent an apartment in M L King?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| M L King Studio Apartments | $1,321 | $810 | $1,745 |
| M L King 1 Bedroom Apartments | $1,204 | $595 | $1,697 |
| M L King 2 Bedroom Apartments | $1,585 | $900 | $1,975 |
| M L King 3 Bedroom Apartments | $1,525 | $1,000 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 1 mile radius of the M L King Neighborhood of Lexington, KY.
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M L King, Lexington, KY Local Guide
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Cheapest Available M L King Apartments for Rent
The cheapest available apartment rental in the M L King area of Lexington, KY is a 2 Beds unit found at Rosetown Apartments priced from $900. Rose Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable M L King apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $900 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $950 |
| Hub Lexington Upper | 4x2 Mansion | 4BR,2BA | $1,115 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,160 |
Best Value Apartments for Rent in M L King, KY
As of December 15, 2025 the best value apartment in the M L King 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 M L King apartment is the Two Bedroom Model at Rosetown Apartments starting at $900 with a $1.19 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for M L King 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 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1.19 |
| Hub Lexington Upper | 2x2 VIP | 2BR,2BA | $1.85 |
| 260 Lexington Avenue | 1BR/1.0BA | 1BR,1BA | $1.81 |
| The Flats at 345 | One Bedroom Large | 1BR,1BA | $2.05 |
| 559 Limestone S, Unit 201 | 559 Limestone S | 1BR,1BA | $2.40 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.32 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $2.11 |
| Park Plaza Apartments | Maxwell | Studio ,1BA | $2.93 |
| Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $3.70 |
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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The 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.
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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 LifestyleM L King, Lexington, KY
Ranked #49
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in M L King, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap M L King Apartments
What is a cheap apartment in M L King?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in M L King is under $1,350.
What is the price of a cheap apartment in M L King?
The cheapest apartment in M L King is Rose Tower Apartments which is listed at $950, while the average apartment in M L King costs $1,650.
What types of apartments are the cheapest in M L King?
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 22 regular apartments in M L King 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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!