
Cheap Homes for Rent in M L King Neighborhood of Lexington, KY from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the M L King area of Lexington.


633 Ohio St

161 Wittland Ln

426 E Fifth St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

246 Warnock St

801 Marcellus Dr

653 Jackson St

161 E Loudon Ave
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.
M L King, Lexington, KY Local Guide

How much does it cost to rent a home in M L King?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| M L King 2 Bedroom Homes for Rent | $2,084 | $1,100 | $4,900 |
| M L King 3 Bedroom Homes for Rent | $1,647 | $1,500 | $1,800 |
| M L King 4 Bedroom Homes for Rent | $2,898 | $1,795 | $4,500 |
| M L King 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 The Oaks at Woodland priced from $1,071. Artek Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,180. Here are the most affordable M L King apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1,071 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,180 |
| Studios180 - Short/Long Term Leases | Studio | Studio,1BA | $1,195 |
Best Value Apartments for Rent in M L King, KY
As of May 21, 2026 the best value apartment in the M L King area is the $1.67 price per square foot 326 E High St Model at 326 E High St, Unit 2 in the in the Northside Historic Residential neighborhood starting from $1,500. The second greatest value M L King apartment is the 1 Bed, 1 bath Model at The Oaks at Woodland starting at $1,071 with a $1.79 price per square foot in the Montclair 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. |
|---|---|---|---|
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.67 |
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1.79 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.36 |
| Park Plaza Apartments | Maxwell | Studio ,1BA | $3.35 |
| Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $3.99 |
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 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 LifestyleM L King, Lexington, KY
Ranked #78
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 M L King
What type of rentals are currently available in M L King?
There are currently 280 Apartments for Rent in M L King, KY with pricing that ranges from $669 to $2,600. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in M L King ranging from $950 to $4,900.
What is the current price range for Rental Homes in M L King?
Today's rental pricing for Homes for Rent, Condos and Townhomes in M L King ranges from $950 to $4,900 with an average monthly rent of $2,076.
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

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.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
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Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.