Cheap Apartments for Rent in the North Elizabeth St Neighborhood of Lexington, KY from $400 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Elizabeth St area of Lexington.

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Park Plaza Apartments
$1,289 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $3,695

Total Monthly Price
$1,289 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

property at 650 S Mill St

$1,725

Total Monthly Price

Total Monthly Price

Base Rent
$1,725

Total Monthly Price
$1,725

1 Bedroom, 1 Bath Condo for Rent

Available Now

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

650 S Mill St
LexingtonKY40508
property at 200 Transcript Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

3 Bedroom, 1.5 Bath Home for Rent

Available Aug 1

200 Transcript Ave

LexingtonKY40508
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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included

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.

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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing
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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508
Student Housing
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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
Student Housing
  • Utilities Included
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
  • Utilities Included
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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
  • Utilities Included
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Rose Tower Apartments
1 Bedroom Apartments

Rose Tower Apartments

137 Rose StLexington, KY 40507
Corporate Housing
  • Utilities Included
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University Flats
2 to 4 Bedroom Apartments

University Flats

1160 University DrLexington, KY 40526
Student Housing
  • Utilities Included
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Medical Villas
1 Bedroom Apartments

Medical Villas

180 Leader AveLexington, KY 40508
Student Housing
  • Utilities Included
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Preserve Lexington
1 to 4 Bedroom Apartments

Preserve Lexington

845 Red Mile RdLexington, KY 40504
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Kampus Townhouses
2 Bedroom Apartments

Kampus Townhouses

429-460 E Euclid AveLexington, KY 40508
Student Housing
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Kampus Park
2 Bedroom Apartments

Kampus Park

400 Transylvania ParkLexington, KY 40508
Student Housing
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271 Lexington Ave
2 Bedroom Apartments

271 Lexington Ave

271 Lexington AveLexington, KY 40508
Student Housing
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Red Mile Square Townhomes
4 to 5 Bedroom Apartments

Red Mile Square Townhomes

1125 Unity DrLexington, KY 40504
Student Housing
  • Utilities Included
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260 Lexington Ave
1 to 2 Bedroom Apartments

260 Lexington Ave

260 Lexington AveLexington, KY 40508
Student Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

North Elizabeth St, Lexington, KY Local Guide

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 ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$935
The Axis at 1435StudioStudio,1BA$970
Belmont Run ApartmentsOne Bedroom1BR,1BA$1,125
Preserve LexingtonA11BR,1BA$1,148
MidTown ApartmentsLimestone1BR,1BA$1,280
Park Plaza ApartmentsMaxwellStudio,1BA$1,289
Gateway Lofts LexingtonYoungStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Latitude Lexington525: 4 bed - 4.5 Bath4BR,4.5BA$0.53
326 E High St, Unit 2326 E High St3BR,1BA$1.67
Belmont Run ApartmentsOne Bedroom1BR,1BA$1.63
MidTown ApartmentsLimestone1BR,1BA$2.67
Gateway Lofts LexingtonYoungStudio ,1BA$2.97
Preserve LexingtonA11BR,1BA$2.59
The Axis at 1435Studio CourtyardStudio ,1BA$2.58
Park Plaza ApartmentsMaxwellStudio ,1BA$3.37
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio ,1BA$2.97
VELO LexingtonFULLY 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.

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Real 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.

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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.

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Pet Friendly Lifestyle
North Elizabeth St, Lexington, KY

Ranked #54

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

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