Updated 17 Hours Ago
Location
485 W Third St, Lexington, KY 40508, USA|North Upper Street
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 900 sqft | $1,100 /mo | 1 unit available | Charming 1-bedroom, 1-bath shotgun-style apartment located at 487 West 3rd Street in Lexington. This spacious unit is full of character, featuring beautiful hardwood floors, tall ceilings, original fireplaces, built-in shelving, and classic trim throughout. The updated kitchen offers stainless steel appliances, ample cabinet space, and plenty of room for everyday cooking. Large windows provide great natural light throughout the apartment, while the shotgun-style layout creates a surprisingly spacious feel with multiple living areas. Conveniently located near downtown Lexington with easy access to restaurants, shopping, entertainment, and everything the city has to offer. A great combination of historic charm, modern updates, and downtown convenience! | |
| 2BR/1.0BA | 2 bed | 1 bath | 1,000 sqft | $1,450 /mo | 1 unit available | Located in the heart of downtown Lexington on highly sought-after W. 3rd Street, this beautifully renovated two-bedroom, one-bath apartment offers modern living with historic charm. The second-floor unit features fresh paint throughout, a fully updated kitchen and bathroom, and refinished hardwood floors. Enjoy your own private balcony overlooking Third Street perfect for relaxing or entertaining. Walkable to local shops, dining, and entertainment, this apartment combines comfort, style, and an unbeatable location. |
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Amenities for 485-487 W 3rd. St.
Building
| Cats 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
Not allowed
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About 485-487 W 3rd. St.
Located in the heart of downtown Lexington on highly sought-after W. 3rd Street, this beautifully renovated two-bedroom, one-bath apartment offers modern living with historic charm. The second-floor unit features fresh paint throughout, a fully updated kitchen and bathroom, and refinished hardwood floors. Enjoy your own private balcony overlooking Third Street perfect for relaxing or entertaining. Walkable to local shops, dining, and entertainment, this apartment combines comfort, style, and an unbeatable location.
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Rent trends in North Upper Street
1-bedroom apartments here are priced 214% higher than 1-bedrooms in North Upper Street.
If you decide to upgrade your space, you can expect 2-bedrooms at 485-487 W 3rd. St. to be 4% more than the average for similarly sized apartments in North Upper Street.
Median rents as of Aug 8 2026.
North Upper Street
Lexington
| Month | Median Rent |
|---|---|
| August 2024 | $857 |
| September 2024 | $886 |
| October 2024 | $923 |
| November 2024 | $915 |
| December 2024 | $934 |
| January 2025 | $925 |
| February 2025 | $904 |
| March 2025 | $865 |
| April 2025 | $774 |
| May 2025 | $788 |
| June 2025 | $880 |
| July 2025 | $979 |
| August 2025 | $1,056 |
| September 2025 | $1,025 |
| October 2025 | $875 |
| November 2025 | $887 |
| December 2025 | $947 |
| January 2026 | $879 |
| February 2026 | $921 |
| March 2026 | $885 |
| April 2026 | $1,002 |
| May 2026 | $977 |
| June 2026 | $983 |
| July 2026 | $1,001 |
| August 2026 | $1,022 |
| Month | Median Rent |
|---|---|
| March 2025 | $675 |
| April 2025 | $675 |
| May 2025 | $675 |
Affordability calculator
Can I afford to live at 485 W Third St?
Bedrooms
Rent-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
$44,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 1-bedroom monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.
Schools near 485-487 W 3rd. 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
Fayette Pre-School
465 springhill dr
lexington, KY, 40503
PKPublic
Community Action Council The Prep Academy BCTC Child Development Center
164 opportunity way
lexington, KY, 40511
PKPublic
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Internet available near 485-487 W 3rd. St.
Getting around Lexington near 485 W Third St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 485 W Third St, Lexington
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
8/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
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