917 Georgetown St
LexingtonKY40511
Cheap Apartments for Rent in the Melrose-oak Park Neighborhood of Lexington, KY from $500 (10 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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Rent Specials
$8061 Bedroom Apartments Available Now
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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Rent Specials
$885 - $1,2701 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station
512 De Roode StreetLexington, KY 40508
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Studio Apartments
Hillrise Place
709 Hill Rise CtLexington, KY 40504
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.
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Studio to 4 Bedroom Apartments
Victory Point Apartments & Townhomes
141 Opportunity WayLexington, KY 40511
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1 to 3 Bedroom Apartments
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
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1 to 2 Bedroom Apartments
St Martin Villa
412-422 Lima DrLexington, KY 40511
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1 to 3 Bedroom Apartments
Westminster Village - Affordable Housing
1510 Versailles RdLexington, KY 40504
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1 to 3 Bedroom Apartments
330 Newtown Apartments
330 Newtown PikeLexington, KY 40508
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.
Showing Results 1-10, 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 | $525 | $525 | $525 |
| Melrose-oak Park 1 Bedroom Apartments | $1,182 | $740 | $1,700 |
| Melrose-oak Park 2 Bedroom Apartments | $1,258 | $875 | $2,000 |
| Melrose-oak Park 3 Bedroom Apartments | $1,129 | $1,009 | $1,270 |
| Melrose-oak Park 4 Bedroom Apartments | $1,013 | $959 | $1,059 |
Browse Apartments in this Neighborhood
There are currently 10 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 $806. 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 | $806 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $992 |
Best Value Apartments for Rent in Melrose-oak Park, KY
As of March 16, 2026 the best value apartment in the Melrose-oak Park area is the $1.14 price per square foot P31 Model at Preakness Apartments in the in the Beaumont Residential neighborhood starting from $1,050. The second greatest value Melrose-oak Park apartment is the Trifecta on Red Mile - Two Bedroom Model at Trifecta on Red Mile - Newly Renovated! starting at $1,295 with a $1.75 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. |
|---|---|---|---|
| Preakness Apartments | P31 | 3BR,1BA | $1.14 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1.75 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $1.59 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.36 |
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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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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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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Pet Friendly LifestyleMelrose-Oak Park, Lexington, KY
Ranked #81
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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 $1,219.
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 2 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
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.
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.
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.