Apartments for Rent in the 40502 ZIP Code of Lexington, KY Under $1,500 (87 Rentals)

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Lakewood Park Apartments
Rent Specials
$1,409 - $1,849
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $1,849

Total Monthly Price
$1,409 - $1,849
1 to 3 Bedroom Apartments Available Now

Lakewood Park Apartments

495 Laketower DrLexington, KY 40502
Corporate Housing
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Chinoe Creek
1 to 2 Bedroom Apartments

Chinoe Creek

3522 Creekwood DrLexington, KY 40502
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Merrick Place
1 to 3 Bedroom Apartments

Merrick Place

3260 Commodore DrLexington, KY 40502
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Forest View Apartments
1 to 2 Bedroom Apartments

Forest View Apartments

2035 Altamont CtLexington, KY 40502
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Americana Apartments
Studio to 1 Bedroom Apartments

Americana Apartments

905 Richmond RdLexington, KY 40502
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The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

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The Landing at Lex
1 to 2 Bedroom Apartments

The Landing at Lex

2066-2082 Fairmont CtLexington, KY 40502
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3Fifty8
Studio to 1 Bedroom Apartments

3Fifty8

358 B Duke RdLexington, KY 40502
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Lakeview Estates
1 to 2 Bedroom Apartments

Lakeview Estates

164 Lakeshore DrLexington, KY 40502
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140 Kentucky Ave
Studio Apartments

140 Kentucky Ave

140 Kentucky AveLexington, KY 40502
Student Housing
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Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
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Dinsmore Pointe
1 Bedroom Apartments

Dinsmore Pointe

2248-2256 Dinsmore DrLexington, KY 40502
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Idle Hour Villas
1 Bedroom Apartments

Idle Hour Villas

2129-2213 Coburn BlvdLexington, KY 40502

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

Frequently Asked Questions about the 40502 ZIP Code

How much are Studio apartments in 40502?

There are currently 314 Studio Apartments in 40502 with rent ranges from $780 to $2,430 with an average price of $1,369.

What is the current price range for One Bedroom 40502 Apartments for rent?

Today's rental pricing for One Bedroom Apartments in 40502 ranges from $745 to $11,743 with an average monthly rent of $1,926.

What does renting a Two Bedroom Apartment in 40502 cost?

The monthly rent prices of Two Bedroom Apartments currently available in 40502 range from $850 to $7,999. Today's average rental price for Two Bedrooms here is $1,628.

How expensive are 40502 Three Bedroom Apartments?

There are currently 30 Three Bedroom Apartments listings available in 40502 on ApartmentHomeLiving.com. The pricing ranges from $1,150 to $3,650 - averaging $1,668 for the location.

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

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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.

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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

decorative image for The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington article

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.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.