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from $7151 to 3 Bedroom Apartments Available Now
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
Cheap Apartments for Rent in the Melrose-oak Park Neighborhood of Lexington, KY from $600 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose-oak Park area of Lexington.
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from $7401 to 2 Bedroom Apartments Contact Us For Availability
Meadowthorpe Landing - Senior Housing
1447 Antique DrLexington, KY 40511
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from $8541 Bedroom Apartments Available Now
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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from $8701 to 3 Bedroom Apartments Available Now
Davis Park Station - NOW Leasing!
512 De Roode StreetLexington, KY 40508
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from $9002 Bedroom Apartments Contact Us For Availability
Westchester on the Circle - NO VACANCY
1705 Leestown RdLexington, KY 40511
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from $9001 Bedroom Apartments Contact Us For Availability
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, KY 40504
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from $935Studio Apartments Available Jun 16
The Studios at Belmont - MAJOR UTILITIES INCL
333 Legion DrLexington, 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.
1456 Meadowthorpe Avenue, Unit Apartment #2
1456 Meadowthorpe Avenue
LexingtonKY40511
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from $1,0751 to 2 Bedroom Apartments Available Jun 11
Belmont Run Apartments
1232 Man O War PlLexington, KY 40504
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from $1,0951 to 2 Bedroom Apartments Available Jul 20
Trifecta on Red Mile
700 Red Mile RdLexington, KY 40504
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from $1,0951 to 2 Bedroom Apartments Available Now
The Flats at 345
345 Blackburn AveLexington, KY 40508
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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Studio to 4 Bedroom Apartments
Victory Point Apartments & Townhomes
141 Opportunity WayLexington, KY 40511
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2 to 3 Bedroom Apartments
Westminster Village - Affordable Housing
1510 Versailles RdLexington, KY 40504
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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401 Roosevelt Blvd
LexingtonKY40508
Showing Results 1-21, Page 1 of 1
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 Studio Apartments | $1,417 | $935 | $1,855 |
| Melrose-oak Park 1 Bedroom Apartments | $1,254 | $715 | $2,268 |
| Melrose-oak Park 2 Bedroom Apartments | $1,547 | $815 | $2,025 |
| Melrose-oak Park 3 Bedroom Apartments | $1,451 | $973 | $2,145 |
| Melrose-oak Park 4 Bedroom Apartments | $2,910 | $2,450 | $4,500 |
Browse Apartments in this Neighborhood
There are currently 21 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
- Nearby Lexington neighborhoods
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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 $715. 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 | $715 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $854 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $870 |
| The Flats at 345 | 325 One Bedroom | 1BR,1BA | $1,095 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Melrose-oak Park, KY
As of June 10, 2025 the best value apartment in the Melrose-oak Park area is the $1.63 price per square foot Madison 2A Model at The Village at Great Acres in the in the Redd Road Rural Historic District neighborhood starting from $1,975. The second greatest value Melrose-oak Park apartment is the The Secretariat Model at Signature starting at $1,040 with a $1.13 price per square foot in the Downtown Lexington 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. |
|---|---|---|---|
| The Village at Great Acres | Madison 2A | 2BR,2.5BA | $1.63 |
| Signature | The Secretariat | 2BR,2BA | $1.13 |
| MidTown Apartments | Euclid | 2BR,2BA | $1.84 |
| Townley Park Apartments | Savannah | 2BR,2BA | $1.67 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
| Preakness Apartments | P11 | 1BR,1BA | $1.07 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.29 |
| The Flats at 345 | 325 One Bedroom | 1BR,1BA | $2.11 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
| Park Plaza Apartments | Maxwell | Studio ,1BA | $2.93 |
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Pet Friendly LifestyleMelrose-Oak Park, Lexington, KY
Ranked #48
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 a cheap apartment in Melrose-oak Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Melrose-oak Park is under $1,570.
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 $715, while the average apartment in Melrose-oak Park costs $3,345.
What types of apartments are the cheapest in Melrose-oak Park?
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 17 regular apartments in Melrose-oak Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.