2 Days Ago
Location
514 N Martin Luther King Blvd, Lexington, KY 40508, USA
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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
More space- Middle school nearby
- High school nearby
Great for
Social life
Amenities for 514 N Martin Luther King Blvd
Features
| Hardwood Floor |
Appliances
| In-Unit Laundry |
Community
| Onsite Laundry |
Grounds
| Assigned Parking | Outdoor 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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 514 N Martin Luther King Blvd
This charming 2-bedroom home features beautiful hardwood floors, a welcoming covered front porch, spacious backyard, and convenient driveway parking. Inside, you’ll also find a separate dining room that could easily serve as a craft room or home office. Nestled in the heart of Lexington, you’ll be just minutes from campus, local restaurants, shopping, and all the best local spots. A perfect blend of comfort, flexibility, and location! This is a NO SMOKING home. Smoking is not permitted inside the house, garage, or any other structure that is considered a part of the property. Type: Single Family Security Deposit: One Month's Rent Administrative Fees: A non-refundable application fee is charged per applicant. A $100 Move in Admin Fee is charged with a signed lease. Appliances: Range, Fridge, Laundry: Hookups are provided in the unit, residents are responsible for supplying washer/dryer. Heat: Gas Utilities: Residents are responsible to pay all of the utilities: Gas, Electric, Water, Sewer, and Garbage. Pets and policy: Pets will be considered on a case by case basis. Non-refundable pet fee. Any damage caused by pets will be taken out of the residents security deposit. Fenced Yard: Yes - partially Mowing: Residents are responsible for all yard maintenance, including mowing. Schools: Please confirm all school districts with your local school board. Parking: Off street parking and street parking as available
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 514 N Martin Luther King Blvd compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 908 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.3 mile away
- High school nearby
- There is a high school 0.2 mile away
Address details
| Zip code | 40508 |
|---|---|
| Type | House for rent |
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Rent trends in Lexington
2-bedroom apartments at 514 N Martin Luther King Blvd cost about 4% less than the average rent price for 2-bedroom apartments in Lexington.
Median rents as of May 23 2026.
Lexington
| Month | Median Rent |
|---|---|
| June 2024 | $1,350 |
| July 2024 | $1,392 |
| 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 | $1,337 |
Affordability calculator
Can I afford to live at 514 N Martin Luther King Blvd?
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
$52,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 2-bedrooms monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.
Schools near 514 N Martin Luther King Blvd
William Wells Brown Elementary School
555 e 5th st
lexington, KY, 40508
PK, K-5Public
C+
Fcps Virtual Academy
701 east main st
lexington, KY, 40502
K-12Public
Booker T. Washington Elementary School
707 howard st
lexington, KY, 40508
PK, K-5Public
C+
Fayette Pre-School
465 springhill dr
lexington, KY, 40503
PKPublic
Fayette County Preschool
165 springhill dr
lexington, KY, 40503
PKPublic
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Internet available near 514 N Martin Luther King Blvd
Neighborhood
Getting around Lexington near 514 N Martin Luther King Blvd
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 514 N Martin Luther King Blvd, Lexington
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
5/10
Some bars within walking distance
Explore the area around 514 N Martin Luther King Blvd
Lexington Farmers' Market
628 N Broadway
Pak & Save Supermarkets
503 E Third St
Save-A-Lot
1235 N Broadway
Save-A-Lot
208 Legends Ln
Farm Market
1330 N Limestone
Family Dollar
401 Race St
Pk's Gift Closet
216 N Limestone
Army Surplus Warehouse
138 E Loudon Ave
Latinas Bridal Shop
808 N Limestone
King of the World Fashion LLC
717 N Broadway
Third Street Stuff & Coffee
257 N Limestone
Frank's Donuts
549 E Third St
North Lime Coffee & Donuts
101 W Loudon Ave
Magic Beans Coffee Roasters
501 W Sixth St
Jefferson Street Coffee LLC
471 Jefferson St
Arcadium
574 N Limestone
Lexington Breeze Wine Bar
101 W Loudon Ave
Minglewood
159 N Limestone
Ona
108 Church St
Crossings
117 N Limestone
Bluegrass Meats LLC
601 N Limestone
Backroads Bakery
109 W Sixth St
Blue Bunting Bakery LLC
230 N Limestone
Martine's Pastries
400 E Third St
Rising Roll Gourmet Caf
512 Administration Dr
Duncan Park
Playground
London Ferrell Community Garden
Playground
Gratz Park
Favor
574 N Limestone
Tuk Tuk Sri Lankan Bites
574 N Limestone
Hibachi Express
565 N Limestone
doodles breakfast and lunch
262 N Limestone
China Star
196 N Martin Luther King Blvd
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