Cheap Apartments for Rent in the North Elizabeth St Neighborhood of Lexington, KY from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Elizabeth St area of Lexington.

VELO - Waller Avenue

Kampus Properties STUDENT HOUSING - 2024-'25

Davis Park Station

The Studios at Belmont - MAJOR UTILITIES INCL

The Axis at 1435
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860 S Broadway

Preserve Lexington

Belmont Run Apartments
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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 | $1,157 | $700 | $1,468 |
| North Elizabeth St 1 Bedroom Apartments | $1,221 | $610 | $1,874 |
| North Elizabeth St 2 Bedroom Apartments | $1,512 | $854 | $2,159 |
| North Elizabeth St 3 Bedroom Apartments | $1,449 | $999 | $2,100 |
| North Elizabeth St 4 Bedroom Apartments | $1,541 | $739 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 23 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 |
| Preserve Lexington | A1 | 1BR,1BA | $1,068 |
| Hub Lexington Upper | 4x2 Mansion | 4BR,2BA | $1,115 |
| Studios340 - All Inclusive Pricing | Studio | Studio,1BA | $1,255 |
Best Value Apartments for Rent in North Elizabeth St, KY
As of January 02, 2026 the best value apartment in the North Elizabeth St area is the $1.83 price per square foot 326 E High St Model at 326 E High St, Unit 2 in the in the Northside Historic Residential neighborhood starting from $1,650. The second greatest value North Elizabeth St apartment is the 525: 1 Bed - 1 Bath Model at Latitude Lexington starting at $1,419 with a $1.75 price per square foot in the Downtown Lexington 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. |
|---|---|---|---|
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.83 |
| Latitude Lexington | 525: 1 Bed - 1 Bath | 1BR,1BA | $1.75 |
| 214 Arlington Ave, Unit 2 | 214 Arlington Ave | 1BR,1BA | $1.75 |
| 545 S Limestone, Unit 2 | 545 S Limestone | 2BR,1BA | $2.06 |
| Hub Lexington Upper | 2x2 VIP | 2BR,2BA | $1.85 |
| 260 Lexington Avenue | 1BR/1.0BA | 1BR,1BA | $1.94 |
| 1729 Midtown | 2x1 | 2BR,1BA | $2.28 |
| Gateway Lofts Lexington | Secretariat | 1BR,1BA | $2.26 |
| 559 Limestone S, Unit 201 | 559 Limestone S | 1BR,1BA | $2.40 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $2.11 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Pet Friendly LifestyleNorth Elizabeth St, Lexington, KY
Ranked #61
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,450.
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 30 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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.














