Cheap Apartments for Rent in the Hollywood Neighborhood of Lexington, KY from $500 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Hollywood area of Lexington.

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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing

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.

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3Fifty8
Studio to 1 Bedroom Apartments

3Fifty8

358 B Duke RdLexington, KY 40502
  • Utilities Included
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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508
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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
  • Utilities Included

Lexington's Best Affordable Neighborhoods

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

Hollywood, Lexington, KY Local Guide

Cheapest Available Hollywood Apartments for Rent

 

The cheapest available apartment rental in the Hollywood area of Lexington, KY is a 1 Bed unit found at MidTown Apartments priced from $570. The Studios at Belmont - MAJOR UTILITIES INCL has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Hollywood apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$570
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
907 Trifecta on Red MileTrifecta on Red Mile - One Bedroom1BR,1BA$1,095
Life at LexingtonCypress1BR,1BA$1,100
Park Plaza ApartmentsMaxwellStudio,1BA$1,120

Best Value Apartments for Rent in Hollywood, KY

As of April 22, 2025 the best value apartment in the Hollywood area is the $1.72 price per square foot 2x1 A Model at Hub Limestone in the in the Montclair neighborhood starting from $1,255. The second greatest value Hollywood apartment is the Cypress Model at Life at Lexington starting at $1,100 with a $1.57 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hub Limestone2x1 A2BR,1BA$1.72
Life at LexingtonCypress1BR,1BA$1.57
907 Trifecta on Red MileTrifecta on Red Mile - One Bedroom1BR,1BA$1.66
1729 Midtown (Pre-Leasing for June 2025)1x1 B 11U-Reg)1BR,1BA$2.95
MidTown ApartmentsWoodland1BR,1BA$2.52
Park Plaza ApartmentsMaxwellStudio ,1BA$2.93
Studios180 - Short/Long Term LeasesFurnished StudioStudio ,1BA$3.70
Studios340 - All Inclusive PricingFurnished StudioStudio ,1BA$4.16
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio ,1BA$2.84

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Pet Friendly Lifestyle
Hollywood, Lexington, KY

Ranked #67

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Hollywood Apartments

What is a cheap apartment in Hollywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hollywood is under $1,325.

What is the price of a cheap apartment in Hollywood?

The cheapest apartment in Hollywood is MidTown Apartments which is listed at $570, while the average apartment in Hollywood costs $3,345.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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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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.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.