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from $7151 to 3 Bedroom Apartments Available Now
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
Cheap Apartments for Rent in the Melrose-oak Park Neighborhood of Lexington, KY from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose-oak Park area of Lexington.
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from $7401 to 2 Bedroom Apartments Contact Us For Availability
Meadowthorpe Landing - Senior Housing
1447 Antique DrLexington, KY 40511
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from $8541 Bedroom Apartments Available Now
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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from $8701 to 3 Bedroom Apartments Available Now
Davis Park Station - NOW Leasing!
512 De Roode StreetLexington, KY 40508
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $895Studio Apartments Available Now
The Studios at Belmont - MAJOR UTILITIES INCL
333 Legion DrLexington, KY 40504
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from $9002 Bedroom Apartments Contact Us For Availability
Westchester on the Circle - NO VACANCY
1705 Leestown RdLexington, KY 40511
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from $9001 Bedroom Apartments Contact Us For Availability
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, KY 40504
1456 Meadowthorpe Avenue, Unit Apartment #2
1456 Meadowthorpe Avenue
LexingtonKY40511
Navigating the Rental Market: Tips for First-Time Renters
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Studio to 4 Bedroom Apartments
Victory Point Apartments & Townhomes
141 Opportunity WayLexington, KY 40511
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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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2 to 3 Bedroom Apartments
Westminster Village - Affordable Housing
1510 Versailles RdLexington, KY 40504
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Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
169 Delmont Dr
LexingtonKY40504
Showing Results 1-17, Page 1 of 1
Melrose-oak Park, Lexington, KY Local Guide
How much does it cost to rent an apartment in Melrose-oak Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Melrose-oak Park Studio Apartments | $1,408 | $895 | $1,855 |
| Melrose-oak Park 1 Bedroom Apartments | $1,275 | $715 | $2,268 |
| Melrose-oak Park 2 Bedroom Apartments | $1,567 | $815 | $2,025 |
| Melrose-oak Park 3 Bedroom Apartments | $1,640 | $1,250 | $2,095 |
| Melrose-oak Park 4 Bedroom Apartments | $2,350 | $1,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 1 mile radius of the Melrose-oak Park Neighborhood of Lexington, KY.
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Melrose-oak Park, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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Cheapest Available Melrose-oak Park Apartments for Rent
The cheapest available apartment rental in the Melrose-oak Park area of Lexington, KY is a 1 Bed unit found at MidTown Apartments priced from $610. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Melrose-oak Park apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MidTown Apartments | Bedroom | 1BR,1BA | $610 |
| Preakness Apartments | P11 | 1BR,1BA | $715 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $854 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $870 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio,1BA | $895 |
Best Value Apartments for Rent in Melrose-oak Park, KY
As of May 17, 2025 the best value apartment in the Melrose-oak Park area is the $1.13 price per square foot The Secretariat Model at Signature in the in the Downtown Lexington neighborhood starting from $1,040. The second greatest value Melrose-oak Park apartment is the One Bedroom Model at Davis Park Station - NOW Leasing! starting at $870 with a $1.18 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for Melrose-oak Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Signature | The Secretariat | 2BR,2BA | $1.13 |
| Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
| Preakness Apartments | P11 | 1BR,1BA | $1.07 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.29 |
| Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1.66 |
| Townley Park Apartments | Thoroughbred | 1BR,1BA | $1.86 |
| The Village at Great Acres | Kenton | 1BR,1BA | $2.44 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
| MidTown Apartments | Woodland | 1BR,1BA | $2.52 |
| The Studios at Belmont - MAJOR UTILITIES INCL | Studio | Studio ,1BA | $2.84 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleMelrose-Oak Park, Lexington, KY
Ranked #66
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Melrose-Oak Park, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Melrose-oak Park Apartments
What is a cheap apartment in Melrose-oak Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Melrose-oak Park is under $1,195.
What is the price of a cheap apartment in Melrose-oak Park?
The cheapest apartment in Melrose-oak Park is MidTown Apartments which is listed at $610, while the average apartment in Melrose-oak Park costs $3,345.
What types of apartments are the cheapest in Melrose-oak Park?
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 21 regular apartments in Melrose-oak Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.