
Cheap Apartments for Rent in the North Elizabeth St Neighborhood of Lexington, KY from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Elizabeth St area of Lexington.


Rose Tower Apartments

Davis Park Station - NOW Leasing!
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
North Elizabeth St, Lexington, KY Local Guide

How much does it cost to rent an apartment in North Elizabeth St?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
North Elizabeth St Studio Apartments | $1,361 | $725 | $2,149 |
North Elizabeth St 1 Bedroom Apartments | $1,455 | $531 | $4,732 |
North Elizabeth St 2 Bedroom Apartments | $1,637 | $1,033 | $5,347 |
North Elizabeth St 3 Bedroom Apartments | $2,426 | $820 | $6,320 |
North Elizabeth St 4 Bedroom Apartments | $2,107 | $1,350 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 1 mile radius of the North Elizabeth St Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
North Elizabeth St, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available North Elizabeth St Apartments for Rent
 The cheapest available apartment rental in the North Elizabeth St area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Rose Tower Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable North Elizabeth St apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
Rose Tower Apartments | One Bedroom | 1BR,1BA | $850 |
Preserve Lexington | A1 | 1BR,1BA | $1,068 |
Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
Gateway Lofts Lexington | Young | Studio,1BA | $1,253 |
Best Value Apartments for Rent in North Elizabeth St, KY
As of March 23, 2025 the best value apartment in the North Elizabeth St 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 North Elizabeth St apartment is the 4 x 3 End Unit Model at Burley Properties starting at $2,500 with a $1.83 price per square foot in the Downtown Lexington neighborhood. Here is today’s list of the best values for North Elizabeth St apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
MidTown Apartments | House | 4BR,4BA | $0.86 |
Burley Properties | 4 x 3 End Unit | 4BR,3BA | $1.83 |
Limestone Square/Medical Villas | 3 Bedroom | 3BR,2BA | $0.86 |
Hub Limestone | 2x1 A | 2BR,1BA | $1.72 |
559 S Limestone, Unit 202 | 559 S Limestone | 2BR,1BA | $2.23 |
1729 Midtown (Pre-Leasing for June 2025) | One Bedroom A | 1BR,1BA | $2.65 |
Gateway Lofts Lexington | Young | Studio ,1BA | $2.76 |
Rose Tower Apartments | One Bedroom | 1BR,1BA | $1.89 |
Preserve Lexington | A1 | 1BR,1BA | $2.41 |
Park Plaza Apartments | Maxwell | Studio ,1BA | $2.93 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleNorth Elizabeth St, Lexington, KY
Ranked #58
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in North Elizabeth St, Lexington, KY
School data provided by Great Schools
Best Local Schools in North Elizabeth St, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Lexington. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, places to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap North Elizabeth St Apartments
What is a cheap apartment in North Elizabeth St?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Elizabeth St is under $1,350.
What is the price of a cheap apartment in North Elizabeth St?
The cheapest apartment in North Elizabeth St is VELO - Waller Avenue which is listed at $745, while the average apartment in North Elizabeth St costs $3,345.
What types of apartments are the cheapest in North Elizabeth St?
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 490 regular apartments in North Elizabeth St 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 North Elizabeth St?
Cheap apartments in North Elizabeth St have an average cost of $1,584 which is $1,761 cheaper than the average rent for all rentals in North Elizabeth St.
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.