
Cheap Apartments for Rent in the North Elizabeth St Neighborhood of Lexington, KY from $400 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Elizabeth St area of Lexington.


Davis Park Station

The Studios at Belmont - MAJOR UTILITIES INCL

The Axis at 1435

Total Monthly Price
807 Press Ave, Unit 1

Belmont Run Apartments

Total Monthly Price
127 Gazette Ave, Unit 1

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Studios340 - All Inclusive Pricing

Total Monthly Price
Park Plaza Apartments
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.

Gateway Lofts Lexington

312 S Upper St

Total Monthly Price
168 Montmullin St, Unit 168 Montmullin

Total Monthly Price
326 E High St, Unit 2

650 S Mill St, Unit #118 650 S Mill St.

200 Transcript Ave

1729 Midtown

341 Grosvenor Ave

Stonehurst Studios
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.

Walton Place Apartments

Imperial Studio Apartments

Kampus Terraces

1356 Royalty Ct

Kampus Heights

426 E High St

Medical View Properties

Stableview

Bluegrass Commons
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Rose Tower Apartments

University Flats

Medical Villas

Preserve Lexington

Kampus Townhouses

Kampus Park

271 Lexington Ave

Red Mile Square Townhomes

260 Lexington Ave
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401 Springhill Dr

1079 Duncan Ave

649 Golfview Dr

609 Addison Ave

316 Transylvania Park

1100 Horsemans Ln

653 Montclair Dr

321 Mockingbird Ln

234 Norway St
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261 Simpson Ave
North Elizabeth St, Lexington, KY Local Guide

How much does it cost to rent an apartment in North Elizabeth St?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Elizabeth St Studio Apartments | $1,688 | $935 | $3,772 |
| North Elizabeth St 1 Bedroom Apartments | $3,170 | $745 | $10,000+ |
| North Elizabeth St 2 Bedroom Apartments | $1,675 | $999 | $5,518 |
| North Elizabeth St 3 Bedroom Apartments | $1,351 | $1,009 | $1,800 |
| North Elizabeth St 4 Bedroom Apartments | $1,483 | $739 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 46 rentals with your search options within a 1 mile radius of the North Elizabeth St Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
North Elizabeth St, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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Cheapest Available North Elizabeth St Apartments for Rent
 The cheapest available apartment rental in the North Elizabeth St area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. The Studios at Belmont - MAJOR UTILITIES INCL has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here are the most affordable North Elizabeth St apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| VELO Lexington | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $935 |
| The Axis at 1435 | Studio | Studio,1BA | $970 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1,125 |
| Preserve Lexington | A1 | 1BR,1BA | $1,148 |
| MidTown Apartments | Limestone | 1BR,1BA | $1,280 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,289 |
| Gateway Lofts Lexington | Young | Studio,1BA | $1,350 |
Best Value Apartments for Rent in North Elizabeth St, KY
As of July 03, 2026 the best value apartment in the North Elizabeth St area is the $0.53 price per square foot 525: 4 bed - 4.5 Bath Model at Latitude Lexington in the in the Downtown Lexington neighborhood starting from $774. The second greatest value North Elizabeth St apartment is the 326 E High St Model at 326 E High St, Unit 2 starting at $1,500 with a $1.67 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for North Elizabeth St apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Latitude Lexington | 525: 4 bed - 4.5 Bath | 4BR,4.5BA | $0.53 |
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.67 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.63 |
| MidTown Apartments | Limestone | 1BR,1BA | $2.67 |
| Gateway Lofts Lexington | Young | Studio ,1BA | $2.97 |
| Preserve Lexington | A1 | 1BR,1BA | $2.59 |
| The Axis at 1435 | Studio Courtyard | Studio ,1BA | $2.58 |
| Park Plaza Apartments | Maxwell | Studio ,1BA | $3.37 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio ,1BA | $2.97 |
| VELO Lexington | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $3.34 |
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 LifestyleNorth Elizabeth St, Lexington, KY
Ranked #54
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in North Elizabeth St, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Lexington. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, places to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap North Elizabeth St Apartments
What is a cheap apartment in North Elizabeth St?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Elizabeth St is under $1,350.
What is the price of a cheap apartment in North Elizabeth St?
The cheapest apartment in North Elizabeth St is VELO Lexington which is listed at $745, while the average apartment in North Elizabeth St costs $3,625.
What types of apartments are the cheapest in North Elizabeth St?
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 11 regular apartments in North Elizabeth St 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.
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
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.