169 Delmont Dr
LexingtonKY40504
Cheap Homes for Rent in Melrose-oak Park Neighborhood of Lexington, KY from $900 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Melrose-oak Park area of Lexington.
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.
1456 Meadowthorpe Avenue, Unit Apartment #2
1456 Meadowthorpe Avenue
LexingtonKY40511
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
858 Whitney Ave
LexingtonKY40508
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Melrose-oak Park, Lexington, KY Local Guide
How much does it cost to rent a home in Melrose-oak Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose-oak Park 2 Bedroom Homes for Rent | $1,623 | $950 | $2,395 |
| Melrose-oak Park 3 Bedroom Homes for Rent | $1,544 | $1,299 | $1,850 |
| Melrose-oak Park 4 Bedroom Homes for Rent | $2,900 | $1,800 | $4,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Melrose-oak Park, KY
As of May 11, 2025 the best value apartment in the Melrose-oak Park area is the $1.67 price per square foot Madison 2B Model at The Village at Great Acres in the in the Redd Road Rural Historic District neighborhood starting from $1,985. 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 2B | 2BR,2.5BA | $1.67 |
| Signature | The Secretariat | 2BR,2BA | $1.13 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.56 |
| Preakness Apartments | P11 | 1BR,1BA | $1.07 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.29 |
| Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1.66 |
| Townley Park Apartments | Augusta | 1BR,1BA | $1.95 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
| MidTown Apartments | Woodland | 1BR,1BA | $2.52 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Melrose-oak Park
What type of rentals are currently available in Melrose-oak Park?
There are currently 75 Apartments for Rent in Melrose-oak Park, KY with pricing that ranges from $715 to $3,347. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose-oak Park ranging from $950 to $4,800.
What is the current price range for Rental Homes in Melrose-oak Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose-oak Park ranges from $950 to $4,800 with an average monthly rent of $2,022.
How much are larger Three and Four Bedroom Rentals in Melrose-oak Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose-oak Park range from $1,250 to $2,145, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,700.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.