917 Georgetown St
LexingtonKY40511
Cheap Apartments for Rent in the Melrose-oak Park Neighborhood of Lexington, KY from $600 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose-oak Park area of Lexington.
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Rent Specials
$740 - $9101 to 2 Bedroom Apartments Contact Us For Availability
Meadowthorpe Landing - Senior Housing
1447 Antique DrLexington, KY 40511
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$750 - $9001 to 3 Bedroom Apartments Available Now
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
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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Studio to 4 Bedroom Apartments
Victory Point Apartments & Townhomes
141 Opportunity WayLexington, KY 40511
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Melrose-oak Park, Lexington, KY Local Guide
How much does it cost to rent an apartment in Melrose-oak Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose-oak Park 1 Bedroom Apartments | $959 | $695 | $1,495 |
| Melrose-oak Park 2 Bedroom Apartments | $1,065 | $875 | $1,515 |
| Melrose-oak Park 3 Bedroom Apartments | $1,250 | $1,250 | $1,250 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Melrose-oak Park Neighborhood of Lexington, KY.
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Melrose-oak Park, Lexington, KY Local Guide
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Cheapest Available Melrose-oak Park Apartments for Rent
The cheapest available apartment rental in the Melrose-oak Park area of Lexington, KY is a 1 Bed unit found at Preakness Apartments priced from $750. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $854. Here are the most affordable Melrose-oak Park apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $854 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1,145 |
Best Value Apartments for Rent in Melrose-oak Park, KY
As of July 28, 2025 the best value apartment in the Melrose-oak Park area is the $1.22 price per square foot 201 Price Rd Model at 201 Price Rd, Unit Apt 223 in the in the Downtown Lexington neighborhood starting from $1,375. The second greatest value Melrose-oak Park apartment is the P11 Model at Preakness Apartments starting at $750 with a $1.12 price per square foot in the Beaumont Residential neighborhood. Here is today’s list of the best values for Melrose-oak Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 201 Price Rd, Unit Apt 223 | 201 Price Rd | 1BR,1BA | $1.22 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.29 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1.74 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.32 |
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Pet Friendly LifestyleMelrose-Oak Park, Lexington, KY
Ranked #85
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Melrose-Oak Park, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Melrose-oak Park Apartments
What is the price of a cheap apartment in Melrose-oak Park?
The cheapest apartment in Melrose-oak Park is Preakness Apartments which is listed at $750, while the average apartment in Melrose-oak Park costs $1,250.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.