Zumper
modified
Updated 5+ Days Ago

Highlights

  • Parking lot
  • Off street parking
  • Completely remodeled building
  • Modern lighting
  • Fully equipped with stainless steel appliances
  • Remodeled bathrooms

Location

517 Patterson St, Lexington, KY 40508, USA
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Tour 517 Patterson Street

Contact

Management

Martin Property Management

Leasing office

(844) 332-5934 ext. 3680

Property Overview

517 Patterson Street offers strong value for money, a high Zumper expert rating, and a standout mix of price, amenities, and location. It is a completely remodeled building with modern lighting, stainless steel appliances, remodeled bathrooms, parking lot, and off-street parking, and it is especially appealing for social life with many nearby restaurants, cultural venues, and entertainment options.

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

8.5
Very Good
With a solid 8.5 out of 10 overall, 517 Patterson Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 517 Patterson Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Central heat
  • Eco-friendly trash disposal

Great for

  • Social life

Floor plans

517 Patterson Street - 11 bed1 bath$850 /mo$800 Downtown One Bedroom Apartment. Private parking and off street parking. This location is perfect walking distance to all that Downtown Lexington has to offer. Completely remodeled building offers 1 bedroom/1 bath apartments and is loaded with features including easy to clean tile floors. Enjoy a kitchen that is loaded with storage, tile counter tops and is fully equipped with stainless steel appliances including a smooth top stove, full size refrigerator and over-the-range microwave. You'll enjoy the modern lighting, remodeled bathrooms and fresh paint. Off Street Parking and parking lot. Tenant pays electric only. Rent includes water, hot water, sewer, and trash. Pets are welcome. $250 non-refundable pet fee.

Let's explore this property.

Amenities for 517 Patterson Street

Apartment Amenities

Hot WaterTrash Included
Utilities/Sewer
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

Application Fee

Per-applicant. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units1

About 517 Patterson Street

HomeApartments in Lexington 517 Patterson Street

$800 Downtown One Bedroom Apartment. Private parking and off street parking. This location is perfect walking distance to all that Downtown Lexington has to offer. Completely remodeled building offers 1 bedroom/1 bath apartments and is loaded with features including easy to clean tile floors. Enjoy a kitchen that is loaded with storage, tile counter tops and is fully equipped with stainless steel appliances including a smooth top stove, full size refrigerator and over-the-range microwave. You'll enjoy the modern lighting, remodeled bathrooms and fresh paint. Off Street Parking and parking lot. Tenant pays electric only. Rent includes water, hot water, sewer, and trash. Pets are welcome. $250 non-refundable pet fee.


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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 517 Patterson Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 517 Patterson Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 517 Patterson Street
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.
517 Patterson Street 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·9A 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.
517 Patterson Street goes above and beyond to provide sought-after conveniences and desirable perks, including hot water. Renters looking for popular or luxurious features will find them here—and for that reason, 517 Patterson Street receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
517 Patterson Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While 517 Patterson Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
517 Patterson Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

517 Patterson Street is great for:

Social life

  • 222 restaurants within 1 mile of this property
  • 38 theaters, music venues, or sports arenas nearby
  • 101 museums, art galleries, or cultural centers within 1 mile
  • 220 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 517 Patterson Street compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Central heat
Climate controlled environment
Eco-friendly trash disposal
This property has recycling pickup

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1.0 miles away
Greater distance from high schools
The nearest high school is farther than 0.9 miles away

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Rent trends in Lexington

1-bedroom apartments at 517 Patterson Street cost about 15% less than the average rent price for 1-bedroom apartments in Lexington.

Median rents as of Oct 31 2026.
Lexington
A table of studio rental data trends in Lexington
MonthMedian Rent
November 2024$921
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$1,126
September 2026$1,182
October 2026$969

Affordability calculator

Can I afford to live at 517 Patterson St?

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

$34,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 1-bedroom monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.

Schools near 517 Patterson Street

Harrison Elementary School

161 bruce st

lexington, KY, 40507

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

Fayette County Preschool

165 springhill dr

lexington, KY, 40503

PKPublic

Booker T. Washington Elementary School

707 howard st

lexington, KY, 40508

PK, K-5Public
C+
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Getting around Lexington near 517 Patterson St

Walking

8/10
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

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 517 Patterson St, Lexington

Groceries

8/10
At least one supermarket within a 15-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

6/10
At least one elementary school within a 15-minute walk

High schools

9/10
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 a few minutes’ walk

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