917 Georgetown St
LexingtonKY40511
Cheap Apartments for Rent in the Melrose-oak Park Neighborhood of Lexington, KY from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Melrose-oak Park area of Lexington.
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from $680Studio to 4 Bedroom Apartments Contact Us For Availability
Victory Point Apartments & Townhomes
141 Opportunity WayLexington, KY 40511
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from $7151 to 3 Bedroom Apartments Available Mar 31
Preakness Apartments
1707-1724 Versailles RdLexington, KY 40504
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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 $7941 Bedroom Apartments Available Now
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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from $8701 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station - NOW Leasing!
512 De Roode StreetLexington, KY 40508
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from $9001 Bedroom Apartments Contact Us For Availability
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, 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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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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2 to 3 Bedroom Apartments
Westminster Village - Affordable Housing
1510 Versailles RdLexington, KY 40504
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Showing Results 1-13, 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 | $1,339 | $495 | $1,855 |
| Melrose-oak Park 1 Bedroom Apartments | $1,216 | $531 | $3,553 |
| Melrose-oak Park 2 Bedroom Apartments | $1,531 | $815 | $2,025 |
| Melrose-oak Park 3 Bedroom Apartments | $1,527 | $973 | $2,095 |
| Melrose-oak Park 4 Bedroom Apartments | $1,991 | $1,185 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 13 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
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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 Ferrill Square Apartments - 55+ Community priced from $794. Trifecta on Red Mile: MAJOR Renovations has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Melrose-oak Park apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $794 |
| 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 |
| Studios180 - Short/Long Term Leases | Studio | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Melrose-oak Park, KY
As of March 24, 2025 the best value apartment in the Melrose-oak Park 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 Melrose-oak Park apartment is the Baybrook A Model at The Village at Great Acres starting at $2,095 with a $1.71 price per square foot in the Redd Road Rural Historic District 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. |
|---|---|---|---|
| MidTown Apartments | House | 4BR,4BA | $0.86 |
| The Village at Great Acres | Baybrook A | 3BR,3BA | $1.71 |
| Signature | The Secretariat | 2BR,2BA | $1.13 |
| Townley Park Apartments | Savannah | 2BR,2BA | $1.67 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.20 |
| Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1.68 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
| Park Plaza Apartments | Maxwell | Studio ,1BA | $2.93 |
| Studios340 - Short/Long Term Leases | FURNISHED STUDIOS | Studio ,1BA | $4.16 |
| Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $3.70 |
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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
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 $1,975.
What is the price of a cheap apartment in Melrose-oak Park?
The cheapest apartment in Melrose-oak Park is Ferrill Square Apartments - 55+ Community which is listed at $794, 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 528 regular apartments in Melrose-oak Park 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 Melrose-oak Park?
Cheap apartments in Melrose-oak Park have an average cost of $1,350 which is $1,995 cheaper than the average rent for all rentals in Melrose-oak Park.
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.
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.
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.