Cheap Apartments for Rent in Fayette County, KY from $500 (174 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fayette County.

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property at 468 N Limestone

468 N Limestone

LexingtonKY40508

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Cheapest Available Fayette County Apartments for Rent

 

The cheapest available apartment rental in Fayette County, KY is a 1 Bed unit found at MidTown Apartments in the Montclair neighborhood priced from $610. BelleFontaine Apartment Homes in the Boone Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here is today’s list of the most affordable Fayette County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$610
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Preakness ApartmentsP111BR,1BA$715
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodThe BristolStudio,1BA$749
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755
The Townhomes and Flats at FontaineBuilding CStudio,1BA$775
Shorelake Apartments - Recently Remodeled!Small 1 Bedroom1BR,1BA$795
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805

Best Value Apartments for Rent in Fayette County, KY

As of May 15, 2025 the best value apartment in the Fayette County area is the $1.11 price per square foot B4 Stanton - 2 Bedroom, 3 Bathroom Model at Hamburg Farms in the in the Liberty Area neighborhood starting from $1,831. The second greatest value Fayette County apartment is the 3 Bedroom 2.5 Bathroom Model at Tates Creek Village starting at $1,550 with a $1.03 price per square foot in the Lansdowne neighborhood. Here is today’s list of the best values for Fayette County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hamburg FarmsB4 Stanton - 2 Bedroom, 3 Bathroom2BR,3BA$1.11
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
The StretchTwo Bedroom2BR,2BA$0.88
2844 Ryan Cir, Unit B2844 Ryan Cir2BR,5BA$1.00
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
The Dawn Run Apartments1x11BR,1BA$1.11
Park VistaPV1.11BR,1BA$1.12
Preakness ApartmentsP111BR,1BA$1.07

Frequently Asked Questions about Cheap Fayette County Apartments

What is a cheap apartment in Fayette County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fayette County is under $805.

What is the price of a cheap apartment in Fayette County?

The cheapest apartment in Fayette County is MidTown Apartments which is listed at $610, while the average apartment in Fayette County costs $3,345.

What types of apartments are the cheapest in Fayette County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 55 regular apartments in Fayette County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Fayette County?

Cheap apartments in Fayette County have an average cost of $1,164 which is $2,181 cheaper than the average rent for all rentals in Fayette County.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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