Cheap Apartments for Rent in the Melrose-oak Park Neighborhood of Lexington, KY from $600 (17 Rentals)

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

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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504
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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
  • Utilities Included
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The Lex
Studio to 4 Bedroom Apartments

The Lex

521 S BroadwayLexington, KY 40508
Student Housing
  • Utilities Included

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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
  • Utilities Included
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Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504

Lexington's Best Affordable Neighborhoods

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

Melrose-oak Park, Lexington, KY Local Guide

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 ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$610
Preakness ApartmentsP111BR,1BA$715
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$854
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$870
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
SignatureThe Secretariat2BR,2BA$1.13
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$1.18
Preakness ApartmentsP111BR,1BA$1.07
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.29
Trifecta on Red MileTrifecta on Red Mile - One Bedroom1BR,1BA$1.66
Townley Park ApartmentsThoroughbred1BR,1BA$1.86
The Village at Great AcresKenton1BR,1BA$2.44
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$2.25
MidTown ApartmentsWoodland1BR,1BA$2.52
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio ,1BA$2.84

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Pet Friendly Lifestyle
Melrose-Oak Park, Lexington, KY

Ranked #66

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 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.

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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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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.

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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.

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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.