
Cheap Homes for Rent in the North Elizabeth St Neighborhood of Lexington, KY from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the North Elizabeth St area of Lexington.


401 Springhill Dr

1079 Duncan Ave

649 Golfview Dr
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.

653 Montclair Dr

321 Mockingbird Ln

234 Norway St

261 Simpson Ave
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.
North Elizabeth St, Lexington, KY Local Guide

How much does it cost to rent a home in North Elizabeth St?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Elizabeth St 2 Bedroom Homes for Rent | $2,186 | $1,350 | $3,950 |
| North Elizabeth St 3 Bedroom Homes for Rent | $1,773 | $1,499 | $2,300 |
| North Elizabeth St 4 Bedroom Homes for Rent | $2,748 | $1,995 | $3,200 |
| North Elizabeth St 5 Bedroom Homes for Rent | $4,875 | $4,500 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the North Elizabeth St Neighborhood of Lexington, KY.
Explore Lexington
North Elizabeth St, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available North Elizabeth St Apartments for Rent
 The cheapest available apartment rental in the North Elizabeth St area of Lexington, KY is a Studio unit found at The Studios at Belmont - MAJOR UTILITIES INCL priced from $935. The Axis at 1435 has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here are the most affordable North Elizabeth St apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $935 |
| The Axis at 1435 | Studio | Studio,1BA | $970 |
| Preserve Lexington | A1 | 1BR,1BA | $1,021 |
Best Value Apartments for Rent in North Elizabeth St, KY
As of July 09, 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 |
| Preserve Lexington | A2 | 1BR,1BA | $2.50 |
| MidTown Apartments | Limestone | 1BR,1BA | $2.67 |
| Gateway Lofts Lexington | Young | Studio ,1BA | $2.97 |
| 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 |
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
Frequently Asked Questions about North Elizabeth St
What type of rentals are currently available in North Elizabeth St?
There are currently 280 Apartments for Rent in North Elizabeth St, KY with pricing that ranges from $739 to $6,669. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Elizabeth St ranging from $1,350 to $5,000.
What is the current price range for Rental Homes in North Elizabeth St?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Elizabeth St ranges from $1,350 to $5,000 with an average monthly rent of $2,638.
How much are larger Three and Four Bedroom Rentals in North Elizabeth St?
For those who are looking for larger living arrangements, Three Bedroom Apartments in North Elizabeth St range from $1,270 to $1,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,499 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $739.
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.