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.
Tenant pays electric, owner pays water and sewer. 3X. Income to rent ratio required. No smoking is permitted
485 W 3rd St
Lexington, KY 40508
Apartment building
1-4 beds
Available units
This building may have units for rent or for sale. Select a unit to contact.
What's special
Overlooking third streetPrivate balconyFully updated kitchenRefinished hardwood floors
Facts, features & policies
Unit features
Appliances
- Dishwasher
- Freezer
- Oven
- Refrigerator
Flooring
- Hardwood
- Tile
Neighborhood: Duncan Park
- Arts SceneGalleries, murals, and cultural venues showcase creativity and artistic talent.Walkable StreetsPedestrian-friendly layout encourages walking to shops, dining, and parks.Downtown CloseProximity to downtown offers quick access to jobs, dining, and culture.College NearbyLocal university presence adds vibrancy, events, and youthful energy.
In Lexington’s 40508, you’ll find an eclectic, walkable slice of downtown spanning Transylvania University, the North Limestone (NoLi) arts corridor, and the redeveloped Distillery District. The vibe blends historic streets and brick warehouses with creative studios, murals, and local breweries; weekends revolve around Greyline Station’s Julietta Market, coffee at North Lime, craft pints at West Sixth and Blue Stallion, live shows at The Burl, and easy spins on the Legacy Trail and Town Branch Commons. Parks like Coolavin, Duncan, and Charles Young offer green space for picnics and pup-friendly strolls, while the North Lexington Family YMCA, bike lanes, and nearby corner markets and Kroger make daily living convenient. The Bluegrass climate brings warm, humid summers and crisp shoulder seasons, perfect for patios and festivals. According to Zillow’s Market Trends, the median asking rent in 40508 over the past few months has hovered around the mid-$1,300s, with most listings ranging roughly from the high-$900s to the low-$2,000s, depending on size and finish.
Powered by Zillow data and AI technology.
Areas of interest
Use our interactive map to explore the neighborhood and see how it matches your interests.
Travel times
Nearby schools in Lexington
GreatSchools rating
- 4/10Harrison Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Lexington Trad Magnet SchoolGrades: 6-8Distance: 0.6 mi
- 10/10Lafayette High SchoolGrades: 9-12Distance: 2.5 mi
Frequently asked questions
What is the walk score of 485 W 3rd St?
485 W 3rd St has a walk score of 85, it's very walkable.
What schools are assigned to 485 W 3rd St?
The schools assigned to 485 W 3rd St include Harrison Elementary School, Lexington Trad Magnet School, and Lafayette High School.
What neighborhood is 485 W 3rd St in?
485 W 3rd St is in the Duncan Park neighborhood in Lexington, KY.
