Apartments for Rent in the 40502 ZIP Code of Lexington, KY Under $1,500 (86 Rentals)

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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.

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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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Americana Apartments
1 Bedroom Apartments

Americana Apartments

905 Richmond RdLexington, KY 40502
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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.

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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
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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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lexington's Best Affordable Neighborhoods

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

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Lexington, KY Local Guide

Quick 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.

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Frequently Asked Questions about the 40502 ZIP Code

How much are Studio apartments in 40502?

There are currently 31 Studio Apartments in 40502 with rent ranges from $749 to $11,455 with an average price of $1,206.

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 $610 to $3,199 with an average monthly rent of $1,220.

What does renting a Two Bedroom Apartment in 40502 cost?

The monthly rent prices of Two Bedroom Apartments currently available in 40502 range from $899 to $5,499. Today's average rental price for Two Bedrooms here is $1,529.

How expensive are 40502 Three Bedroom Apartments?

There are currently 24 Three Bedroom Apartments listings available in 40502 on ApartmentHomeLiving.com. The pricing ranges from $1,150 to $2,100 - averaging $1,591 for the location.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.