
Cheap Apartments for Rent in the North Elizabeth St Neighborhood of Lexington, KY from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Elizabeth St area of Lexington.


422 Aylesford Pl

424 Aylesford Pl, Unit #5

424 Aylesford Pl

Kampus Properties STUDENT HOUSING - 2024-'25

Davis Park Station
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228 Lexington Ave

Total Monthly Price
The Studios at Belmont - MAJOR UTILITIES INCL

Rose Tower Apartments

Total Monthly Price
The Axis at 1435

807 Press Ave, Unit 1

Belmont Run Apartments
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562 Woodland Ave

Stonehurst Studios

Walton Place Apartments

Imperial Studio Apartments

Kampus Terraces

1356 Royalty Ct
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Kampus Heights

426 E High St

Medical View Properties

Stableview

Bluegrass Commons

University Flats
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Medical Villas
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 | $1,303 | $780 | $2,253 |
| North Elizabeth St 1 Bedroom Apartments | $1,489 | $745 | $3,882 |
| North Elizabeth St 2 Bedroom Apartments | $1,541 | $854 | $2,089 |
| North Elizabeth St 3 Bedroom Apartments | $1,329 | $1,009 | $1,839 |
| North Elizabeth St 4 Bedroom Apartments | $1,502 | $739 | $3,550 |
Browse Apartments in this Neighborhood
There are currently 25 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
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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 - Waller Avenue priced from $745. Rose Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable North Elizabeth St apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $950 |
| Belmont Run Apartments | Two Bedroom | 2BR,1BA | $1,075 |
| The Axis at 1435 | One Bedroom Courtyard | 1BR,1BA | $1,115 |
| Hub Lexington Upper | 4x2 Mansion | 4BR,2BA | $1,115 |
Best Value Apartments for Rent in North Elizabeth St, KY
As of February 17, 2026 the best value apartment in the North Elizabeth St area is the $0.92 price per square foot House Model at MidTown Apartments in the in the Montclair neighborhood starting from $1,445. The second greatest value North Elizabeth St apartment is the 260 Kentucky Ave Model at 260 Kentucky Ave, Unit 1 starting at $1,800 with a $1.80 price per square foot in the Montclair 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. |
|---|---|---|---|
| MidTown Apartments | House | 4BR,4BA | $0.92 |
| 260 Kentucky Ave, Unit 1 | 260 Kentucky Ave | 4BR,2BA | $1.80 |
| Latitude Lexington | 525: 1 Bed - 1 Bath | 1BR,1BA | $1.75 |
| Hub Lexington Upper | 2x2 VIP | 2BR,2BA | $1.85 |
| 260 Lexington Avenue | 1BR/1.0BA | 1BR,1BA | $1.94 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.56 |
| 1729 Midtown | 1x1C | 1BR,1BA | $2.46 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $2.11 |
| The Axis at 1435 | One Bedroom Courtyard | 1BR,1BA | $2.52 |
| Preserve Lexington | A1 | 1BR,1BA | $2.55 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 #47
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 $1,445.
What is the price of a cheap apartment in North Elizabeth St?
The cheapest apartment in North Elizabeth St is VELO - Waller Avenue which is listed at $745, while the average apartment in North Elizabeth St costs $5,000.
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 33 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.
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.