Cheap Homes for Rent in Melrose-oak Park Neighborhood of Lexington, KY from $900 (4 Rentals)

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

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

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 ListingModel NameBed/BathPrice Per Sq.Ft.
MidTown ApartmentsHouse4BR,4BA$0.86
The Village at Great AcresBaybrook A3BR,3BA$1.71
SignatureThe Secretariat2BR,2BA$1.13
Townley Park ApartmentsSavannah2BR,2BA$1.67
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.20
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,1BA$1.68
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$2.25
Park Plaza ApartmentsMaxwellStudio ,1BA$2.93
Studios340 - Short/Long Term LeasesFURNISHED STUDIOSStudio ,1BA$4.16
Studios180 - Short/Long Term LeasesFurnished StudioStudio ,1BA$3.70

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Frequently Asked Questions about Melrose-oak Park

What type of rentals are currently available in Melrose-oak Park?

There are currently 76 Apartments for Rent in Melrose-oak Park, KY with pricing that ranges from $495 to $3,553. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose-oak Park ranging from $950 to $4,900.

What is the current price range for Rental Homes in Melrose-oak Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Melrose-oak Park ranges from $950 to $4,900 with an average monthly rent of $1,892.

How much are larger Three and Four Bedroom Rentals in Melrose-oak Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Melrose-oak Park range from $973 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,645 and Four Bedroom Apartments start at $1,185.

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.