500 Ohio St
LexingtonKY40508
Cheap Apartments for Rent in the M L King Neighborhood of Lexington, KY from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the M L King area of Lexington.
close
View Me
Rent Specials
from $7001 to 2 Bedroom Apartments Available Now
Caballo Crossing
500-522 Hollow Creek RdLexington, KY 40511
close
View Me
Rent Specials
from $7251 to 3 Bedroom Apartments Contact Us For Availability
Rosetown Apartments
320 Elm Tree LnLexington, KY 40508
close
View Me
from $725Studio to 1 Bedroom Apartments Available Aug 14
Kampus Properties STUDENT HOUSING - 2024-'25
400-418 Aylesford PlLexington, KY 40508
261 Lyndhurst Pl
LexingtonKY40508
1023 N Broadway
LexingtonKY40505
358 E 2nd St
LexingtonKY40508
468 N Limestone
LexingtonKY40508
close
View Me
from $8501 Bedroom Apartments Contact Us For Availability
Rose Tower Apartments
137 Rose StLexington, KY 40507
933 N Broadway
LexingtonKY40505
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
1 Bedroom Apartments
Woodland Park Apartments - UTILITIES INCLUDED
184 Old Park AveLexington, KY 40502
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Showing Results 1-20, Page 1 of 1
M L King, Lexington, KY Local Guide
How much does it cost to rent an apartment in M L King?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| M L King Studio Apartments | $1,382 | $725 | $1,855 |
| M L King 1 Bedroom Apartments | $1,195 | $531 | $3,553 |
| M L King 2 Bedroom Apartments | $1,536 | $800 | $1,986 |
| M L King 3 Bedroom Apartments | $1,250 | $875 | $1,700 |
| M L King 4 Bedroom Apartments | $2,366 | $1,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 1 mile radius of the M L King Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
M L King, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available M L King Apartments for Rent
The cheapest available apartment rental in the M L King 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 M L King 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 |
| Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1,095 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in M L King, KY
As of March 25, 2025 the best value apartment in the M L King area is the $0.86 price per square foot House Model at MidTown Apartments in the in the Montclair neighborhood starting from $1,350. The second greatest value M L King apartment is the 2 Bedroom 1 Bath Model at Caballo Crossing starting at $858 with a $0.95 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for M L King apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| MidTown Apartments | House | 4BR,4BA | $0.86 |
| Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
| Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1.68 |
| 559 S Limestone, Unit 202 | 559 S Limestone | 2BR,1BA | $2.31 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $1.89 |
| Park Plaza Apartments | Maxwell | Studio ,1BA | $2.93 |
| Hub Lexington Upper | Murphy A | Studio ,1BA | $3.99 |
| Studios340 - All Inclusive Pricing | FURNISHED STUDIOS | Studio ,1BA | $4.16 |
| Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $3.70 |
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.
Let everyone know!
Do you know the M L King area?
If you’re an expert on all things M L King, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleM L King, Lexington, KY
Ranked #40
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in M L King, Lexington, KY
School data provided by Great Schools
Best Local Schools in M L King, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap M L King Apartments
What is a cheap apartment in M L King?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in M L King is under $1,700.
What is the price of a cheap apartment in M L King?
The cheapest apartment in M L King is Caballo Crossing which is listed at $700, while the average apartment in M L King costs $3,345.
What types of apartments are the cheapest in M L King?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 554 regular apartments in M L King that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in M L King?
Cheap apartments in M L King have an average cost of $1,373 which is $1,972 cheaper than the average rent for all rentals in M L King.
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.
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.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.