Cheap Apartments for Rent in Fayette County, KY from $500 (183 Rentals)

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Cheap Apartments in Fayette County.

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 468 N Limestone

468 N Limestone

LexingtonKY40508
Showing Results 1-50, Page 1 of 4

Cheapest Available Fayette County Apartments for Rent

 

The cheapest available apartment rental in Fayette County, KY is a Studio unit found at BelleFontaine Apartment Homes in the Boone Creek neighborhood priced from $685. Caballo Crossing in the Northside Historic Residential neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Fayette County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Preakness ApartmentsP111BR,1BA$715
Oxford Circleoxf 1.11BR,1BA$735
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodThe BristolStudio,1BA$749
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755
The Townhomes and Flats at FontaineBuilding CStudio,1BA$775
RidgewoodStudioStudio,1BA$780

Best Value Apartments for Rent in Fayette County, KY

As of May 05, 2025 the best value apartment in the Fayette County area is the $1.07 price per square foot 3 Bedroom 2.5 Bath Model at The Pines in the in the Boone Creek neighborhood starting from $1,500. The second greatest value Fayette County apartment is the Three Bedroom Model at Alcove at Russell starting at $1,376 with a $1.06 price per square foot in the Winburn 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.
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
Alcove at RussellThree Bedroom3BR,2BA$1.06
2844 Ryan Cir, Unit B2844 Ryan Cir2BR,5BA$1.00
Eastland Hillseast2.12BR,1BA$0.86
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
The Dawn Run Apartments2x1 SM2BR,1BA$1.06
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
1901 Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.13
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 $780.

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

The cheapest apartment in Fayette County is Caballo Crossing which is listed at $700, 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 49 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 $982 which is $2,363 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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.