Cheap Apartments for Rent in Lexington, KY from $300(192 Rentals)

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208 Lakeshore Dr
$8501 Bedroom, 1 Bath Home for RentAvailable Now

208 Lakeshore Dr

Lexington, KY 40502
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Lexington, KY Local Guide

Photo of Trey Huguley - Senior Manager, Product Marketing
Written By:
Trey Huguley
Senior Manager, Product Marketing

Cheapest Neighborhoods for Apartments in Lexington, KY

Pricing Updated: 11/25/2024

Current apartment rentals in the Lexington, KY area range in price from $334 to $4,600 with an overall median price of $2,559. The three Lexington neighborhoods with the lowest median rent pricing are Pralltown at $334, Calumet at $575, and Shriners at $485. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lexington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Pralltown$910$3348
Calumet$1,220$57532
Shriners$1,224$485246
St. Martins Village$1,227$499101
Gainesway$1,300$69578
Highlands$1,380$65055
Adena Ridge$1,408$85422
Green Acres$1,424$49963
Meadowthorpe$1,433$71030
Brucetown$1,450$5954

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in Lexington, 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 Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Eastland Hillseast1.11BR,1BA$735
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$735
The Landing at LexLand1.11BR,1BA$745
Preakness ApartmentsP111BR,1BA$745
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755
The Oasis at Kearney Creek - Senior 55+One Bedroom - Senior 55+1BR,1BA$785

Best Value Apartments for Rent in Lexington, KY

As of November 26, 2024 the best value apartment in the Lexington area is the $1.07 price per square foot Townhome Model at MidTown Apartments in the in the Montclair neighborhood starting from $2,230. The second greatest value Lexington apartment is the C Model at Rabbit Run Apartments starting at $1,405 with a $1.09 price per square foot in the Stonewall Community neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MidTown ApartmentsTownhome5BR,5.5BA$1.07
Rabbit Run ApartmentsC2BR,2BA$1.09
Richwood Bend - Affordable HousingThree Bedroom3BR,2BA$1.07
Saddle Run TownhomesGuadalupe2BR,1.5BA$1.09
The StretchTwo Bedroom2BR,2BA$0.87
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Eastland Hillseast1.11BR,1BA$0.99
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.97
The Landing at LexLand1.11BR,1BA$1.10
Preakness ApartmentsP111BR,1BA$1.12

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Lexington Overview

Lexington, a vibrant, diverse city, offers its residents a high quality of life in a beautiful setting. The city is one of the oldest in the nation and distinguished itself early on as a destination for thoroughbred horse farms and racing. The city lies in the heart of the Blue Grass region of Kentucky with rolling, verdant hills and a moderate four-season climate. Life in Lexington apartments provides lots of options and conveniences to enjoy this region where employment opportunities are abundant in academia, manufacturing and services. Wages in the region are higher than the national rate, but the cost of housing ranks 26 percent lower than the U.S. average.

Why live in Lexington, KY?

Few cities in the U.S. offer the diversity found in Lexington, from historical significance to a vibrant economic base rooted in higher education, manufacturing, high tech and services. The cost of living in Lexington is lower than the U.S. average, while wages for some jobs tend to be higher - since Kentucky isn’t a right-to-work state. The unemployment rate is typically lower than the national average, while the climate in Lexington offers four distinct seasons without the extremes and outdoor recreation is abundant. The city and surrounding environment offer stunning beauty and recreation, along with the world-class horse racing. All of this and much more make life in apartments in Lexington oamong the best in the country!

Lexington, KY
Population: 323,780

Ranked #60

in US Census Population by City

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Pet Friendly Lifestyle
Lexington, KY

Ranked #2

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lexington, KY Rentals by Map

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See the most popular apartments and homes in Lexington, KY

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Getting Around Lexington, KY

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lexington Apartments

What is the Cheapest Studio apartment in Lexington?

Currently the most affordable Cheap Studio Apartment in Lexington is at BelleFontaine Apartment Homes listed at $685.

How much is rent for a Cheap One Bedroom Lexington Apartment?

The lowest price for a Cheap One Bedroom Lexington Apartment is $700 at Caballo Crossing.

What is the lowest price for a Cheap Two Bedroom Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lexington is starting from $805 at Twenty Two Twenty.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Twenty Two Twenty and starts from $1,000.

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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