
Cheap Homes for Rent in Melrose-oak Park Neighborhood of Lexington, KY from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Melrose-oak Park area of Lexington.


122 Halls Ln

409 Roosevelt Blvd

858 Whitney Ave
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

How much does it cost to rent a home in Melrose-oak Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Melrose-oak Park 2 Bedroom Homes for Rent | $1,599 | $950 | $2,500 |
Melrose-oak Park 3 Bedroom Homes for Rent | $1,412 | $1,200 | $1,600 |
Melrose-oak Park 4 Bedroom Homes for Rent | $2,860 | $1,645 | $4,900 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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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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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.

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.