Zumper
modified
3 Days Ago

Location

302 Gunn Street, Lexington, Kentucky 40508, United States
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Contact

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Management

L.E.A. Properties LLC DBA Beacon

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Leasing office

(502) 218-7197

Property Overview

Elm Tree Lane 55+ is highly rated with an impressive overall score of 9.6 from Zumper, highlighting its exceptional price-value balance, top-tier amenities, and prime location, all rated 10 out of 10. This property excels in offering a vibrant social scene with numerous cultural venues, restaurants, and entertainment options nearby, while also providing transparent management and an outstanding living environment tailored to those aged 55 and over. Additionally, it ranks in the 70th percentile for overall value and 85th percentile for price per square foot within the area.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.6
Excellent
Earning an outstanding 9.6 out of 10 overall rating, Elm Tree Lane 55+ is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • More space
  • Middle school nearby
  • High school nearby

Great for

  • Social life

Floor plans

One Bedroom1 bed1 bath700 sqft$960 /mo

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

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About Elm Tree Lane 55+

Managed by L.E.A. Properties LLC DBA Beacon
L.E.A. Properties LLC DBA Beacon 1 of 4L.E.A. Properties LLC DBA Beacon 2 of 4L.E.A. Properties LLC DBA Beacon 3 of 4L.E.A. Properties LLC DBA Beacon 4 of 4
HomeApartments in Lexington Elm Tree Lane 55+

Elm Tree Lane Apartments are located in Lexington, Kentucky. This property has 17 units that consists of one-bedroom apartments for ages 55 and over. Elm Tree Lane is owned by the Urban League of Lexington. It is one of their benchmark projects that has helped in the revitalization of the East End. Elm Tree Lane has been managed by Beacon Property Management since 2003 and has led to a lasting relationship with the Urban League and allowed us to impact the community in ways that are often unseen.


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Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.6
/10
Excellent
Earning an outstanding 9.6 out of 10 overall rating, Elm Tree Lane 55+ is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated Elm Tree Lane 55+
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Elm Tree Lane 55+ offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Elm Tree Lane 55+ is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Elm Tree Lane 55+ offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Elm Tree Lane 55+ has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Elm Tree Lane 55+.
Trustworthiness·10A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Elm Tree Lane 55+ sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making Elm Tree Lane 55+ a trustworthy choice for potential residents.

Elm Tree Lane 55+ is great for:

Social life

  • 263 restaurants within 1 mile of this property
  • 49 theaters, music venues, or sports arenas nearby
  • 121 museums, art galleries, or cultural centers within 1 mile
  • 349 mixed-use spaces nearby

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 Elm Tree Lane 55+ compares to other nearby properties.

Positives

More space
The 1-bedroom is 140 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 1 mile away

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Managed by L.E.A. Properties LLC DBA Beacon

L.E.A. Properties LLC DBA Beacon

Beacon is a limited-liability company founded in 1998 to develop and manage a diverse portfolio of affordable housing. SOCAYR Inc. is a non-profit, 501c3, founded in 1998 to continue in the development and management of affordable housing. The Property Management Division has been successful in conducting lease ups of over 50 new properties since its inception. Currently, there are 96 communities comprised of 5,881 housing units managed by Beacon Property Management. Our staff is seasoned, experienced, and certified. Beacon currently employs more than 140 housing professionals in various capacities.

Rent trends in Lexington

1-bedroom apartments at Elm Tree Lane 55+ cost about 4% less than the average rent price for 1-bedroom apartments in Lexington.

Median rents as of Nov 29 2025.
Lexington
A table of studio rental data trends in Lexington
MonthMedian Rent
December 2023$791
January 2024$800
February 2024$872
March 2024$895
April 2024$870
May 2024$875
June 2024$969
July 2024$936
August 2024$855
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

Affordability calculator

Can I afford to live at 302 Gunn Street?

Bedrooms

1 bedroom

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

$38,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,400 annually to afford this 1-bedroom monthly rent price of $960.
For more information on rent affordability, visit our rent calculator.

Schools near Elm Tree Lane 55+

Ashland Elementary School

195 n ashland ave

lexington, KY, 40502

K-5Public
A

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 Elm Tree Lane 55+

Getting around Lexington near 302 Gunn Street

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

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 302 Gunn Street, Lexington

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

5/10
Some bars within walking distance

Explore the area around 302 Gunn Street

Pak & Save Supermarkets
503 E Third St
Lexington Farmers' Market
628 N Broadway
Wilson's Grocery Meat
1010 Cramer Ave
Kroger
704 Euclid Ave
Wildcat Market
552 Columbia Ave

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