2 Days Ago
Highlights
Pet Friendly
Location
240 E Fourth St, Lexington, KY 40508, USA
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent LexingtonApartments for rent North Upper StreetApartments for rent RichmondApartments for rent FrankfortApartments for rent GeorgetownApartments for rent ShelbyvilleApartments for rent Historic South HillApartments for rent DanvilleApartments for rent ShrinersApartments for rent Masterson StationApartments for rent MadisonApartments for rent NicholasvilleApartments for rent WinchesterApartments for rent Eastland ParkwayApartments for rent BereaApartments Near Me
Houses for rent LexingtonHouses for rent BereaHouses for rent RichmondHouses for rent FrankfortHouses for rent NicholasvilleHouses for rent University of KentuckyHouses for rent ShelbyvilleHouses for rent ParisHouses for rent PicadomeHouses for rent HarrodsburgHouses for rent Bryan StationHouses for rent GeorgetownHouses for rent VersaillesHouses for rent CastlewoodHouses for rent Mount SterlingHouses for rent near me
Property Overview
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.
Things you’ll love
More space- Middle school nearby
- High school nearby
Great for
Eco living
Pet owners
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 964 sqft | $900 /mo | 1 unit available | 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 $900 rent $900 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 Or Passport, Ss Number Or Itin -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, 650+ Credit score -Pets Allowed Max Of 2 With Breed Restrictions And Fees -No Evictions, No Felonies And No Recent Criminal Activity |
Let's explore this property.
Amenities for 240-242 East 4th Street
Apartment Amenities
| Washer/Dryer Hookups |
Appliances
| Stove and Fridge |
Building
| Cats OK | Dogs OK |
Grounds
| Outdoor Space | Shared 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
| Units | 2 |
|---|
Advertisement
About 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 $900 rent $900 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 Or Passport, Ss Number Or Itin -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, 650+ Credit score -Pets Allowed Max Of 2 With Breed Restrictions And Fees -No Evictions, No Felonies And No Recent Criminal Activity
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.
8.6
/10
Very GoodWith a solid 8.6 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.
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.
240-242 East 4th 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.
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:
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
- More space
- The 1-bedroom is 389 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.2 mile away
- High school nearby
- There is a high school 0.4 mile away
- Elementary school nearby
- There is an elementary school 0.4 mile away
- Outdoor space
- Easy access to the outdoors
Considerations
- Lacks images
- Fewer than 10 photos available for this location
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Lexington
1-bedroom apartments at 240-242 East 4th Street cost about 6% less than the average rent price for 1-bedroom apartments in Lexington.
Median rents as of Apr 4 2026.
Lexington
| Month | Median Rent |
|---|---|
| April 2024 | $847 |
| 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 |
| December 2025 | $947 |
| January 2026 | $879 |
| February 2026 | $921 |
| March 2026 | $885 |
| April 2026 | $910 |
Affordability calculator
Can I afford to live at 240 E Fourth St?
Bedrooms
1 bedroomRent-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
$36,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 1-bedroom monthly rent price of $900.
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
Advertisement
Internet available near 240-242 East 4th Street
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
Compare similar properties nearby
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
The Champion at Bluegrass Apartments
Our team has verified this company300 Quinton Ct
1–3 Beds
$923–$1,531
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony
The Champion at Bluegrass Apartments
Our team has verified this company300 Quinton Ct
1–3 Beds
$923–$1,531
- dogs and cats ok
- swimming pool
- balcony
- dogs and cats ok
- swimming pool
- balcony