Cheap Homes for Rent in Melrose-oak Park Neighborhood of Lexington, KY from $900 (5 Rentals)

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Cheap Homes in the Melrose-oak Park area of Lexington.

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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 Preakness Apartments priced from $715. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $854. Here are the most affordable Melrose-oak Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Preakness ApartmentsP111BR,1BA$715
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$854
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$870

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

As of May 07, 2025 the best value apartment in the Melrose-oak Park area is the $1.67 price per square foot Madison 2B Model at The Village at Great Acres in the in the Redd Road Rural Historic District neighborhood starting from $1,985. The second greatest value Melrose-oak Park apartment is the Two Bedroom Model at Belmont Run Apartments starting at $1,175 with a $1.41 price per square foot in the Montclair 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.
The Village at Great AcresMadison 2B2BR,2.5BA$1.67
Belmont Run ApartmentsTwo Bedroom2BR,1BA$1.41
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 ApartmentsAugusta1BR,1BA$1.95
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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Frequently Asked Questions about Melrose-oak Park

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

There are currently 75 Apartments for Rent in Melrose-oak Park, KY with pricing that ranges from $715 to $3,347. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Melrose-oak Park ranging from $950 to $4,800.

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 $4,800 with an average monthly rent of $2,027.

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 $1,250 to $2,145, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,299 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,700.

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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.