
Cheap Apartments for Rent in the M L King Neighborhood of Lexington, KY from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the M L King area of Lexington.


424 Aylesford Pl

422 Aylesford Pl

424 Aylesford Pl, Unit #5

Rosetown Apartments
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Kampus Properties STUDENT HOUSING - 2024-'25

620 Maple Ave

421 Johnson Ave

Stonehurst Studios

Central Park Apartments
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Kampus Terraces

Kampus Heights

Woodland Park Apartments - UTILITIES INCLUDED

426 E High St

Matthews House Apartments
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Arlington Lofts

330 Newtown Apartments
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 | $1,223 | $669 | $1,745 |
| M L King 1 Bedroom Apartments | $1,310 | $780 | $2,381 |
| M L King 2 Bedroom Apartments | $1,707 | $850 | $2,700 |
| M L King 3 Bedroom Apartments | $1,488 | $1,000 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 17 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 1 Bed unit found at Rose Tower Apartments priced from $950. Hub Lexington Upper has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,115. Here are the most affordable M L King apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $950 |
| Hub Lexington Upper | 4x2 Mansion | 4BR,2BA | $1,115 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,160 |
| The Flats at 345 | One Bedroom | 1BR,1BA | $1,195 |
| Studios180 - Short/Long Term Leases | Studio | Studio,1BA | $1,195 |
Best Value Apartments for Rent in M L King, KY
As of January 26, 2026 the best value apartment in the M L King area is the $1.85 price per square foot 2x2 VIP Model at Hub Lexington Upper in the in the Northside Historic Residential neighborhood starting from $1,385. The second greatest value M L King apartment is the One Bedroom Model at The Flats at 345 starting at $1,195 with a $2.16 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. |
|---|---|---|---|
| Hub Lexington Upper | 2x2 VIP | 2BR,2BA | $1.85 |
| The Flats at 345 | One Bedroom | 1BR,1BA | $2.16 |
| 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 | $3.34 |
| 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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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 LifestyleM L King, Lexington, KY
Ranked #44
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 $1,274.
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 $1,725.
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 15 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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.