Cheap Apartments for Rent in the M L King Neighborhood of Lexington, KY from $500 (17 Rentals)

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

property at 468 N Limestone

468 N Limestone

LexingtonKY40508
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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing
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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508

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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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
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The Lex
Studio to 4 Bedroom Apartments

The Lex

521 S BroadwayLexington, KY 40508
Student Housing
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M L King, Lexington, KY Local Guide

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 ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Rose Tower ApartmentsOne Bedroom1BR,1BA$850
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,1BA$1,095
Park Plaza ApartmentsMaxwellStudio,1BA$1,120
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$1,125

Best Value Apartments for Rent in M L King, KY

As of March 13, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
MidTown ApartmentsHouse4BR,4BA$0.86
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,1BA$1.68
559 S Limestone, Unit 202559 S Limestone2BR,1BA$2.23
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$2.25
Rose Tower ApartmentsOne Bedroom1BR,1BA$1.89
Park Plaza ApartmentsMaxwellStudio ,1BA$2.93
Hub Lexington UpperMurphy AStudio ,1BA$3.99
Studios180 - Short/Long Term LeasesFurnished StudioStudio ,1BA$3.70
Studios340 - Short/Long Term LeasesFURNISHED STUDIOSStudio ,1BA$4.16

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Pet Friendly Lifestyle
M L King, Lexington, KY

Ranked #39

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap M L King Apartments

What is the Cheapest Studio apartment in M L King?

Currently the most affordable Cheap Studio Apartment in M L King is at Park Plaza Apartments listed at $1,120.

How much is rent for a Cheap One Bedroom M L King Apartment?

The lowest price for a Cheap One Bedroom M L King Apartment is $700 at Caballo Crossing.

What is the lowest price for a Cheap Two Bedroom M L King Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in M L King is starting from $858 at Caballo Crossing.

What is the most affordable M L King Three Bedroom Apartment?

The best deal on a cheap M L King Three Bedroom Apartment rental is at and starts from $875.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.