
Cheap Apartments for Rent in the Elsmere Park Neighborhood of Lexington, KY from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elsmere Park area of Lexington.


261 Lyndhurst Pl

358 E 2nd St

Caballo Crossing

Rosetown Apartments

Kampus Properties STUDENT HOUSING - 2024-'25

557 N Limestone
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

468 N Limestone

Rose Tower Apartments
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
Elsmere Park, Lexington, KY Local Guide

How much does it cost to rent an apartment in Elsmere Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elsmere Park Studio Apartments | $1,371 | $655 | $1,855 |
Elsmere Park 1 Bedroom Apartments | $1,225 | $595 | $1,995 |
Elsmere Park 2 Bedroom Apartments | $1,531 | $800 | $1,988 |
Elsmere Park 3 Bedroom Apartments | $1,278 | $875 | $1,700 |
Elsmere Park 4 Bedroom Apartments | $2,366 | $1,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Elsmere Park Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Elsmere Park, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Elsmere Park Apartments for Rent
 The cheapest available apartment rental in the Elsmere Park area of Lexington, KY is a 1 Bed unit found at Caballo Crossing priced from $700. Rose Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Elsmere Park apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $700 |
Rose Tower Apartments | One Bedroom | 1BR,1BA | $850 |
MidTown Apartments | Woodland | 1BR,1BA | $975 |
907 Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1,095 |
Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Elsmere Park, KY
As of April 26, 2025 the best value apartment in the Elsmere Park area is the $0.95 price per square foot 2 Bedroom 1 Bath Model at Caballo Crossing in the in the Northside Historic Residential neighborhood starting from $858. The second greatest value Elsmere Park apartment is the Trifecta on Red Mile - One Bedroom Model at 907 Trifecta on Red Mile starting at $1,095 with a $1.66 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for Elsmere Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
907 Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1.66 |
The Flats at 345 | 325 Large One Bedroom | 1BR,1BA | $2.01 |
Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
Rose Tower Apartments | One Bedroom | 1BR,1BA | $1.89 |
MidTown Apartments | Woodland | 1BR,1BA | $2.52 |
Park Plaza Apartments | Maxwell | Studio ,1BA | $2.93 |
Hub Lexington Upper | Murphy A | Studio ,1BA | $3.99 |
Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $3.70 |
Studios340 - All Inclusive Pricing | Furnished Studio | Studio ,1BA | $4.16 |
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.
Pet Friendly LifestyleElsmere Park, Lexington, KY
Ranked #35
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Elsmere Park, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Elsmere Park Apartments
What is the Cheapest Studio apartment in Elsmere Park?
Currently the most affordable Cheap Studio Apartment in Elsmere Park is at Park Plaza Apartments listed at $1,120.
How much is rent for a Cheap One Bedroom Elsmere Park Apartment?
The lowest price for a Cheap One Bedroom Elsmere Park Apartment is $700 at Caballo Crossing.
What is the lowest price for a Cheap Two Bedroom Elsmere Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elsmere Park is starting from $858 at Caballo Crossing.
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.

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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.