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

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

close
View Me
Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
  • Utilities Included

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

close
View Me
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 Studio unit found at The Studios at Belmont - MAJOR UTILITIES INCL priced from $895. MidTown Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable North Elizabeth Street apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
MidTown ApartmentsWoodland1BR,1BA$975
907 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 01, 2025 the best value apartment in the North Elizabeth Street area is the $1.41 price per square foot Two Bedroom Model at Belmont Run Apartments in the in the Montclair neighborhood starting from $1,175. The second greatest value North Elizabeth Street apartment is the 2x1 A Model at Hub Limestone starting at $1,255 with a $1.72 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.
Belmont Run ApartmentsTwo Bedroom2BR,1BA$1.41
Hub Limestone2x1 A2BR,1BA$1.72
907 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

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.

decorative image of people with a giant lease agreement

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 $975, 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 15 regular apartments in North Elizabeth Street that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.