Cheap Apartments for Rent in the North Elizabeth Street Neighborhood of Lexington, KY from $600 (7 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Elizabeth Street area of Lexington.

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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
  • Utilities Included
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
  • Utilities Included

North Elizabeth Street, Lexington, KY Local Guide

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 MidTown Apartments priced from $610. The Studios at Belmont - MAJOR UTILITIES INCL has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable North Elizabeth Street apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$610
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
Trifecta on Red MileTrifecta on Red Mile - One Bedroom1BR,1BA$1,095

Best Value Apartments for Rent in North Elizabeth Street, KY

As of May 14, 2025 the best value apartment in the North Elizabeth Street area is the $1.72 price per square foot 2x1 A Model at Hub Limestone in the in the Montclair neighborhood starting from $1,255. The second greatest value North Elizabeth Street apartment is the Trifecta on Red Mile - One Bedroom Model at Trifecta on Red Mile starting at $1,095 with a $1.66 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hub Limestone2x1 A2BR,1BA$1.72
Trifecta on Red MileTrifecta on Red Mile - One Bedroom1BR,1BA$1.66
1729 Midtown (Pre-Leasing for June 2025)1x1 B 11U-Reg)1BR,1BA$2.95
MidTown ApartmentsWoodland1BR,1BA$2.52
Studios180 - Short/Long Term LeasesFurnished StudioStudio ,1BA$3.70
Studios340 - All Inclusive PricingFurnished StudioStudio ,1BA$4.16
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio ,1BA$2.84

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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

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 $1,325.

What is the price of a cheap apartment in North Elizabeth Street?

The cheapest apartment in North Elizabeth Street is MidTown Apartments which is listed at $610, while the average apartment in North Elizabeth Street costs $3,345.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.