
Cheap Apartments for Rent in the North Elizabeth St Neighborhood of Lexington, KY from $400 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Elizabeth St area of Lexington.


VELO Lexington

562 Woodland Ave

Davis Park Station

The Studios at Belmont - MAJOR UTILITIES INCL

The Axis at 1435

Total Monthly Price
807 Press Ave, Unit 1

148 Shawnee Pl

MXWL
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Belmont Run Apartments

339 S Broadway Park

860 S Broadway

Total Monthly Price
127 Gazette Ave, Unit 1

Total Monthly Price
Studios340 - All Inclusive Pricing

Total Monthly Price
Park Plaza Apartments

312 S Upper St

Gateway Lofts Lexington

Total Monthly Price
168 Montmullin St, Unit 168 Montmullin
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1729 Midtown

Total Monthly Price
326 E High St, Unit 2

Stonehurst Studios

Walton Place Apartments

Imperial Studio Apartments

Kampus Terraces

1356 Royalty Ct

Kampus Heights

426 E High St
The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent
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Medical View Properties

Bluegrass Commons

Stableview

562 Woodland Ave

1340 Royalty Court

Rose Tower Apartments

University Flats

335 American Ave

Medical Villas
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714 Golfview Dr

Kampus Townhouses

Preserve Lexington

Kampus Park

271 Lexington Ave

493 Bob O Link Dr

401 Springhill Dr

Red Mile Square Townhomes

316 Transylvania Park
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Horseman's Ln

123 Barberry Ln
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 | $1,326 | $935 | $1,855 |
| North Elizabeth St 1 Bedroom Apartments | $1,406 | $749 | $3,237 |
| North Elizabeth St 2 Bedroom Apartments | $1,578 | $999 | $2,632 |
| North Elizabeth St 3 Bedroom Apartments | $1,170 | $1,000 | $1,500 |
| North Elizabeth St 4 Bedroom Apartments | $1,346 | $799 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 1 mile radius of the North Elizabeth St Neighborhood of Lexington, KY.
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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 Lexington priced from $895. 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 | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $895 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $935 |
| The Axis at 1435 | Studio | Studio,1BA | $970 |
| MXWL | S1 | 4BR,4BA | $1,000 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1,125 |
| Preserve Lexington | A1 | 1BR,1BA | $1,263 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,299 |
| MidTown Apartments | Limestone | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in North Elizabeth St, KY
As of August 18, 2026 the best value apartment in the North Elizabeth St area is the $1.97 price per square foot 2x2 Model at 260 Lexington Avenue in the in the Northside Historic Residential neighborhood starting from $1,875. The second greatest value North Elizabeth St apartment is the 2 Bedroom w/ Study Model at Limestone Square/Medical Villas starting at $1,240 with a $1.31 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. |
|---|---|---|---|
| 260 Lexington Avenue | 2x2 | 2BR,2BA | $1.97 |
| Limestone Square/Medical Villas | 2 Bedroom w/ Study | 2BR,2BA | $1.31 |
| 168 Montmullin St, Unit 168 Montmullin | 168 Montmullin St | 2BR,1BA | $1.56 |
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.67 |
| 127 Gazette Ave, Unit 1 | 127 Gazette Ave | 2BR,1BA | $1.54 |
| Belmont Run Apartments | One Bedroom | 1BR,1BA | $1.63 |
| Kampus Properties STUDENT HOUSING | STUDENT ONLY STUDIO | Studio ,1BA | $1.50 |
| 807 Press Ave, Unit 1 | 807 Press Ave | 1BR,1BA | $2.34 |
| The Axis at 1435 | Studio Courtyard | Studio ,1BA | $2.58 |
| VELO Lexington | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $2.66 |
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 #53
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 $1,300.
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 $895, while the average apartment in North Elizabeth St costs $1,450.
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 16 regular apartments in North Elizabeth St that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in North Elizabeth St?
Cheap apartments in North Elizabeth St have an average cost of $834 which is $616 cheaper than the average rent for all rentals in North Elizabeth St.
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

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.

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.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.