Zumper
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Updated 13 Hours Ago

Highlights

  • Pet Friendly
  • Laundry hook ups
  • Front porch

Location

240 E Fourth St, Lexington, KY 40508, USA
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Tour 240-242 East 4th Street

Contact

Management

Compass Point Management LLC

Leasing office

(859) 538-5600

Property Overview

240-242 East 4th Street is rated highly overall for value, location, and amenities, with strong nearby transit, walkability, and access to local points of interest. It also stands out for practical features like laundry hook ups and a front porch, plus nearby parks, dining, cultural venues, and pet-related services.

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

8.3
Very Good
With a solid 8.3 out of 10 overall, 240-242 East 4th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 240-242 East 4th 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

  • Middle school nearby
  • More space
  • High school nearby

Great for

  • Eco living
  • Social life
  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath964 sqft$1,000 /mo1 unit availableNewly renovated duplex unit. The location offers quick access to downtown, stores, and restaurants. The unit features, countertops and appliances. Beautiful modern coat of paint. Come relax on your front porch. Extra bonus room with laundry hook ups could be used as the second bedroom. Contact us for your private tour today. Tenant pays all utilities: Electric, Gas, Water/Sewer and Trash $1000 rent $1000 deposit $50 Application fee not refundable Hablamos EspaÑOl (859)538-5600 Ext. 1 compasspointmgmt. com **** Requirements: -Every Adult Over Age 18 Must Have A Valid Id, Passport, Ss Number Or Itin And Do A Separate Application,All Must Apply -Monthly Gross, Household Income Must Be At Least 3X The Rent -You Must Have At Least 90 Days On Current Job -Must Have Good Standing With Past/Current Landlord -We Run A Credit, Eviction And Criminal Background Check,(No Evictions/No Felonies/No Recent Criminal Activity 650+ Credit score -Pets Allowed With Breed Restrictions And Fees Max Of 2

Let's explore this property.

Amenities for 240-242 East 4th Street

Apartment Amenities

Washer/Dryer Hookups

Appliances

FridgeGas Range
RangeRefrigerator

Building

Cats OKDogs OK

Grounds

Outdoor SpaceShared Back Yard
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
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units2

About 240-242 East 4th Street

HomeApartments in Lexington 240-242 East 4th Street

Newly renovated duplex unit. The location offers quick access to downtown, stores, and restaurants. The unit features, countertops and appliances. Beautiful modern coat of paint. Come relax on your front porch. Extra bonus room with laundry hook ups could be used as the second bedroom. Contact us for your private tour today. Tenant pays all utilities: Electric, Gas, Water/Sewer and Trash $1000 rent $1000 deposit $50 Application fee not refundable Hablamos EspaÑOl (859)538-5600 Ext. 1 compasspointmgmt. com **** Requirements: -Every Adult Over Age 18 Must Have A Valid Id, Passport, Ss Number Or Itin And Do A Separate Application,All Must Apply -Monthly Gross, Household Income Must Be At Least 3X The Rent -You Must Have At Least 90 Days On Current Job -Must Have Good Standing With Past/Current Landlord -We Run A Credit, Eviction And Criminal Background Check,(No Evictions/No Felonies/No Recent Criminal Activity 650+ Credit score -Pets Allowed With Breed Restrictions And Fees Max Of 2


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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 240-242 East 4th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 240-242 East 4th 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 240-242 East 4th Street
Price·9A 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.
240-242 East 4th Street stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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.
240-242 East 4th Street goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 240-242 East 4th 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.
240-242 East 4th 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 240-242 East 4th 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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

240-242 East 4th Street is great for:

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • On-site recycling or composting options
  • 31 parks within a mile

Social life

  • 202 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • 41 theaters, music venues, or sports arenas nearby
  • 104 museums, art galleries, or cultural centers within 1 mile

Pet owners

  • Outdoor spaces are available at this property
  • 6 pet supply stores near the property
  • 2 pet hospitals in the area
  • 1 pet grooming service 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 240-242 East 4th Street compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.2 miles away
More space
The 1-bedroom is 389 sqft larger than other listings nearby
High school nearby
There is a high school 0.4 miles away
Outdoor space
Easy access to the outdoors

Considerations

Distance from grocery stores
The nearest grocery store is 4.1 miles away
Distance from transit
More than 3.4 miles from public transportation
Lacks images
Fewer than 5 photos available for this property

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Rent trends in Lexington

1-bedroom apartments at 240-242 East 4th Street cost about the same as the average rent price for 1-bedroom apartments in Lexington.

Median rents as of Oct 10 2026.
Lexington
A table of studio rental data trends in Lexington
MonthMedian Rent
October 2024$925
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$1,126
September 2026$1,182
October 2026$997

Affordability calculator

Can I afford to live at 240 E Fourth 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

$40,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this 1-bedroom monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.

Schools near 240-242 East 4th Street

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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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Lexington near 240 E Fourth St

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.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 240 E Fourth St, 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 5-minute walk

High schools

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

Parks

7/10
Moderate amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 240 E Fourth St

Pak & Save Supermarkets
503 E Third St
Lexington Farmers' Market
628 N Broadway
Wilson's Grocery Meat
1010 Cramer Ave
Save-A-Lot
1235 N Broadway
Save-A-Lot
208 Legends Ln

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