2 Days Ago
Highlights
Pet Friendly
Location
507 Michigan St #1, Lexington, KY 40508, USA|Georgetown
Tour 507 Michigan St #1
Contact
Nearby rentals
Renter hub
Property management
Apartments for rent LexingtonApartments for rent RichmondApartments for rent ShelbyvilleApartments for rent DanvilleApartments for rent GeorgetownApartments for rent VersaillesApartments for rent Liberty AreaApartments for rent North Upper StreetApartments for rent Historic South HillApartments for rent Masterson StationApartments for rent Harrods HillApartments for rent FrankfortApartments for rent NicholasvilleApartments for rent WinchesterApartments for rent Eastland ParkwayApartments Near Me
Houses for rent LexingtonHouses for rent RichmondHouses for rent BereaHouses for rent NicholasvilleHouses for rent FrankfortHouses for rent VersaillesHouses for rent LawrenceburgHouses for rent CynthianaHouses for rent Mount SterlingHouses for rent LancasterHouses for rent ParisHouses for rent WinchesterHouses for rent DanvilleHouses for rent GeorgetownHouses for rent HarrodsburgHouses for rent near me
Property Overview
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby
Great for
Pet owners
Amenities for 507 Michigan St #1, Georgetown
Apartment Amenities
| Dryer | Linoleum Vinyl |
| Washer |
Appliances
| In-Unit Laundry | Range/Oven |
| Refrigerator |
Tech
| Wired For Internet |
Building
| Cats OK | Dogs OK |
| Security Cameras | Wall |
Grounds
| Assigned Parking |
Other
| Designated Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
Advertisement
About 507 Michigan St #1
Property Id: 2709060 Welcome to your future home at 507 Michigan St in Lexington, KY! This charming 2-bedroom, 1-bathroom apartment is perfect for you and your family to enjoy. Enjoy modern amenities like a washer, dryer, oven, refrigerator, security cameras, and high-speed internet access. With a designated parking space and a convenient location, this unit won't last long. Schedule your viewing today!
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 507 Michigan St #1 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
Address details
| Neighborhood | Georgetown |
|---|---|
| Zip code | 40508 |
| Type | Apartment for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Georgetown
2-bedroom apartments at 507 Michigan St #1 cost about 27% more than the average rent price for 2-bedroom apartments in Lexington.
Median rents as of Jun 27 2026.
Georgetown
Lexington
| Month | Median Rent |
|---|---|
| July 2024 | $1,390 |
| August 2024 | $1,357 |
| September 2024 | $1,332 |
| October 2024 | $1,367 |
| November 2024 | $1,368 |
| December 2024 | $1,310 |
| January 2025 | $1,315 |
| February 2025 | $1,320 |
| March 2025 | $1,325 |
| April 2025 | $1,323 |
| May 2025 | $1,379 |
| June 2025 | $1,364 |
| July 2025 | $1,369 |
| August 2025 | $1,364 |
| September 2025 | $1,368 |
| October 2025 | $1,378 |
| November 2025 | $1,324 |
| December 2025 | $1,296 |
| January 2026 | $1,307 |
| February 2026 | $1,295 |
| March 2026 | $1,295 |
| April 2026 | $1,298 |
| May 2026 | $1,339 |
| June 2026 | $1,350 |
| Month | Median Rent |
|---|---|
| November 2025 | $1,100 |
Affordability calculator
Can I afford to live at 507 Michigan St #1?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$56,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $56,000 annually to afford this 2-bedrooms monthly rent price of $1,400.
For more information on rent affordability, visit our rent calculator.
Schools near 507 Michigan St #1
Booker T. Washington Elementary School
707 howard st
lexington, KY, 40508
PK, K-5Public
C+
Community Action Council The Prep Academy BCTC Child Development Center
164 opportunity way
lexington, KY, 40511
PKPublic
Fcps Virtual Academy
701 east main st
lexington, KY, 40502
K-12Public
Fayette Pre-School
465 springhill dr
lexington, KY, 40503
PKPublic
Coventry Oak Elementary School
2441 huntly pl
lexington, KY, 40511
PK, K-5Public
C+
Advertisement
Internet available near 507 Michigan St #1
Getting around Lexington near 507 Michigan St #1
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 507 Michigan St #1, Lexington
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
6/10
Variety of shops within a short drive
Cafes
6/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
8/10
Wide variety of bars within a short drive, including some within walking distance
Compare similar properties nearby
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
- dogs and cats ok
- in-unit laundry
- on-site laundry
Check availability
Advertisement