Cheap Apartments for Rent in the Melrose-oak Park Neighborhood of Lexington, KY from $500 (13 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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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

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

The Lex

521 S BroadwayLexington, KY 40508
Student Housing
Showing Results 1-13, Page 1 of 1

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 $531. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $794. Here are the most affordable Melrose-oak Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$531
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$794
Preakness ApartmentsP212BR,1BA$815
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$870
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,1BA$1,095

Best Value Apartments for Rent in Melrose-oak Park, KY

As of February 19, 2025 the best value apartment in the Melrose-oak Park area is the $0.88 price per square foot P21 Model at Preakness Apartments in the in the Beaumont Residential neighborhood starting from $815. The second greatest value Melrose-oak Park apartment is the Savannah Model at Townley Park Apartments starting at $1,395 with a $1.67 price per square foot in the Georgetown 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.
Preakness ApartmentsP212BR,1BA$0.88
Townley Park ApartmentsSavannah2BR,2BA$1.67
SignatureThe Derby2BR,2BA$1.23
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$1.18
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.20
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,1BA$1.68
The Village at Great AcresKenton1BR,1BA$2.44
Christian Tpwers1 bedroom 1 bath accessible/hybrid1BR,1BA$2.26
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$2.25
MidTown ApartmentsBedroom1BR,1BA$1.25

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Pet Friendly Lifestyle
Melrose-Oak Park, Lexington, KY

Ranked #65

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Melrose-Oak Park, Lexington, KY

School data provided by Great Schools

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 the Cheapest Studio apartment in Melrose-oak Park?

Currently the most affordable Cheap Studio Apartment in Melrose-oak Park is at Studios180 - Short/Long Term Leases listed at $1,195.

How much is rent for a Cheap One Bedroom Melrose-oak Park Apartment?

The lowest price for a Cheap One Bedroom Melrose-oak Park Apartment is $531 at MidTown Apartments.

What is the lowest price for a Cheap Two Bedroom Melrose-oak Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Melrose-oak Park is starting from $815 at Preakness Apartments.

What is the most affordable Melrose-oak Park Three Bedroom Apartment?

The best deal on a cheap Melrose-oak Park Three Bedroom Apartment rental is at Davis Park Station - NOW Leasing! and starts from $1,250.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.