
Apartments for Rent in the 40516 ZIP Code of Lexington, KY Under $1,500 (21 Rentals)


The Retreat at Hamburg Place Apartments

1809 at Winchester

Hamburg Farms

Springs At Hamburg

Prime Hamburg Apartments

Total Monthly Price
The Ascent1555
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.

Double Tree Apartments

Polo Club Park - Senior/Affordable Housing

The Dawn Run Apartments

1811 Dalton Ct

1473 Huntsville Dr

627 Silverleaf Dr

1854 Augusta Dr
Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

Cottages of Laclede

Hamburg Senior Residence

Courtside Apartments

Valore at the Baxter

Heritage Hills

Parkway Manor

Hartford Place
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.
Lexington, KY Local Guide

How much does it cost to rent an apartment in 40516?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 40516 Studio Apartments | $964 | $625 | $1,288 |
| 40516 1 Bedroom Apartments | $1,476 | $830 | $2,891 |
| 40516 2 Bedroom Apartments | $1,813 | $910 | $3,592 |
| 40516 3 Bedroom Apartments | $2,238 | $1,020 | $4,305 |
Browse Apartments in the 40516 Zip Code of Lexington
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Frequently Asked Questions about the 40516 ZIP Code
How much are Studio apartments in 40516?
There are currently 12 Studio Apartments in 40516 with rent ranges from $625 to $1,288 with an average price of $964.
What is the current price range for One Bedroom 40516 Apartments for rent?
Today's rental pricing for One Bedroom Apartments in 40516 ranges from $830 to $2,891 with an average monthly rent of $1,476.
What does renting a Two Bedroom Apartment in 40516 cost?
The monthly rent prices of Two Bedroom Apartments currently available in 40516 range from $910 to $3,592. Today's average rental price for Two Bedrooms here is $1,813.
How expensive are 40516 Three Bedroom Apartments?
There are currently 10 Three Bedroom Apartments listings available in 40516 on ApartmentHomeLiving.com. The pricing ranges from $1,020 to $4,305 - averaging $2,238 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

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.