Updated 6 Hours Ago
Highlights
Pet Friendly
- Outdoor space
- Tile bathroom
Location
531 Smith St, Lexington, KY 40508, USA
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Property Overview
531 Smith St offers strong value for money, with a well-regarded position compared with other nearby properties. It also stands out for an active local scene, with many restaurants, event hubs, entertainment venues, and cultural destinations close by. Outdoor space and a tile bathroom add to its appeal.
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
Less expensive
Great for
Social life
Pet owners
Amenities for 531 Smith St
Appliances
| In-Unit Laundry |
Community
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 531 Smith St
Available August 10,2026 – Recently Renovated Lexington Home! Welcome to your next home in the heart of Lexington! This beautifully updated 2-bedroom, 1-bath single-family residence is nestled just off N Broadway Rd and W Loudon Ave- across the street from Coolavin Park! At Bluegrass Rental Management, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price of $1,143 includes rent, plus pest control, air filter delivery, utility setup assistance, credit building and more at a rate of $39.00/ month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. In addition to RBP, we provide access to liability insurance that meets your needs. More details upon application. TOTAL MONTHLY PRICE: $1,143 Rent: $1,049 Deposit: $1,049 MANDATORY MONTHLY FEES: -$55 Utility fee/month (Covers water, and sewer) -$39 RBP/ Month Application Fee: $47 | Move-in Fee: $99 | Lease Term: 12 months No smoking Animals welcome with fees: $250 one-time fee + $35/month per pet Inside You’ll Love: • Tile bathroom - newly updated bathroom with tile for the best experience. • Two Cozy Bedrooms – Perfectly sized for restful nights and peaceful mornings. • Functional Kitchen – Equipped with the essentials to make meal prep a breeze. • Outdoor Space – Enjoy fresh air and relax. •Washer and Dryer hookups in unit Nearby Schools: • K-5: Harrison Elementary (0.6mi) • 6-8: Lexington Trad Magnet School (0.6 mi) • 9-12: Lafayette High School (2.8 mi) Don’t miss your chance to live in one of Lexington's most desirable areas. Homes like this go fast—apply today for just $47! Sewer Water
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 531 Smith St compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Zip code | 40508 |
|---|---|
| Type | House for rent |
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Rent trends in Lexington
2-bedroom apartments at 531 Smith St cost about 22% less than the average rent price for 2-bedroom apartments in Lexington.
Median rents as of Aug 8 2026.
Lexington
| Month | Median Rent |
|---|---|
| August 2024 | $1,325 |
| 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 |
| July 2026 | $1,352 |
| August 2026 | $1,350 |
Affordability calculator
Can I afford to live at 531 Smith St?
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
$41,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,960 annually to afford this 2-bedrooms monthly rent price of $1,049.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 1 year ago | $1,049 |
Schools near 531 Smith St
Harrison Elementary School
161 bruce st
lexington, KY, 40507
K-5Public
C+
Booker T. Washington Elementary School
707 howard st
lexington, KY, 40508
PK, K-5Public
C+
Fcps Virtual Academy
701 east main st
lexington, KY, 40502
K-12Public
Community Action Council The Prep Academy BCTC Child Development Center
164 opportunity way
lexington, KY, 40511
PKPublic
Fayette Pre-School
465 springhill dr
lexington, KY, 40503
PKPublic
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Internet available near 531 Smith St
Getting around Lexington near 531 Smith St
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
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 531 Smith St, Lexington
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within walking distance
Explore the area around 531 Smith St
Lexington Farmers' Market
628 N Broadway
Shopper's Choice Market
649 Georgetown St
Save-A-Lot
1235 N Broadway
Save-A-Lot
208 Legends Ln
Pak & Save Supermarkets
503 E Third St
King of the World Fashion LLC
717 N Broadway
Girls Girls Girls LLC
444 N Upper St
Breeders' Cup Shop
675 Setzer Way
Pattie Hood Designs
212 N Upper St
Miss Priss
906 N Broadway
Jefferson Street Coffee LLC
471 Jefferson St
Magic Beans Coffee Roasters
501 W Sixth St
Third Street Stuff & Coffee
257 N Limestone
Green Tree Tea Room
521 W Short St
North Lime Coffee & Donuts
101 W Loudon Ave
The West Sixth Greenroom
501 W Sixth St
The Green Lantern Bar
497 W Third St
Big Blue Pedaler
238 Jefferson St
Arcadium
574 N Limestone
Blue Heron
185 Jefferson St
Rising Roll Gourmet Caf
512 Administration Dr
Backroads Bakery
109 W Sixth St
Bluegrass Meats LLC
601 N Limestone
Towers Elderly Nutrition
650 Tower Plz
Social Vegan Foods LLC
101 W Loudon Ave
Coolavin Park
Meadow
Coolavin Park Playground
Meadow
Back Circle
La Trattoria LLC
466 W Sixth St
Smithtown Seafood
501 W Sixth St
Indi's Fast Food
670 N Broadway
The Green Lantern Bar
497 W Third St
Jacobs Hope Cafeteria
299 W Loudon Ave
4th / Jefferson
Newtown Pike
North Broadway / 501 Inbound
North Broadway
North Broadway / 5th Outbound
North Broadway
North Broadway / 6th Outbound
North Broadway
North Broadway / 6th Inbound
North Broadway
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