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from $725Studio to 1 Bedroom Apartments Available Aug 14
Kampus Properties STUDENT HOUSING - 2024-'25
400-418 Aylesford PlLexington, KY 40508
Cheap Apartments for Rent in the North Elizabeth Street Neighborhood of Lexington, KY from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Elizabeth Street area of Lexington.
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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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North Elizabeth Street, Lexington, KY Local Guide
How much does it cost to rent an apartment in North Elizabeth Street?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Elizabeth Street Studio Apartments | $1,300 | $725 | $1,855 |
| North Elizabeth Street 1 Bedroom Apartments | $1,114 | $531 | $1,995 |
| North Elizabeth Street 2 Bedroom Apartments | $1,531 | $1,175 | $1,950 |
| North Elizabeth Street 3 Bedroom Apartments | $1,197 | $820 | $1,700 |
| North Elizabeth Street 4 Bedroom Apartments | $2,366 | $1,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the North Elizabeth Street Neighborhood of Lexington, KY.
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North Elizabeth Street, Lexington, KY Local Guide
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Cheapest Available North Elizabeth Street Apartments for Rent
The cheapest available apartment rental in the North Elizabeth Street area of Lexington, KY is a 1 Bed unit found at Trifecta on Red Mile: MAJOR Renovations priced from $1,095. Studios180 - Short/Long Term Leases has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable North Elizabeth Street apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1,095 |
| Studios180 - Short/Long Term Leases | Studio | Studio,1BA | $1,195 |
| Studios340 - All Inclusive Pricing | STUDIOS | Studio,1BA | $1,255 |
Best Value Apartments for Rent in North Elizabeth Street, KY
As of March 25, 2025 the best value apartment in the North Elizabeth Street area is the $1.08 price per square foot House Model at MidTown Apartments in the in the Montclair neighborhood starting from $1,700. The second greatest value North Elizabeth Street apartment is the 3 Bedroom Model at Limestone Square/Medical Villas starting at $820 with a $0.86 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for North Elizabeth Street apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| MidTown Apartments | House | 4BR,4BA | $1.08 |
| Limestone Square/Medical Villas | 3 Bedroom | 3BR,2BA | $0.86 |
| Hub Limestone | 2x1 A | 2BR,1BA | $1.72 |
| Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1.68 |
| 1729 Midtown (Pre-Leasing for June 2025) | One Bedroom A | 1BR,1BA | $2.65 |
| Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $3.70 |
| Studios340 - All Inclusive Pricing | FURNISHED STUDIOS | Studio ,1BA | $4.16 |
Quick Rent Budget Calculator
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Getting Around the North Elizabeth Street Neighborhood in Lexington, KY
Walk Score®
72 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
81 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
76 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap North Elizabeth Street Apartments
What is a cheap apartment in North Elizabeth Street?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Elizabeth Street is under $1,700.
What is the price of a cheap apartment in North Elizabeth Street?
The cheapest apartment in North Elizabeth Street is Trifecta on Red Mile: MAJOR Renovations which is listed at $1,095, while the average apartment in North Elizabeth Street costs $3,345.
What types of apartments are the cheapest in North Elizabeth Street?
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 505 regular apartments in North Elizabeth Street 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 Street?
Cheap apartments in North Elizabeth Street have an average cost of $1,697 which is $1,648 cheaper than the average rent for all rentals in North Elizabeth Street.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.