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from $740Built in 20201 to 2 Bedroom Apartments Contact Us For Availability
Meadowthorpe Landing - Senior Housing
1447 Antique DrLexington, KY 40511
Cheap New Apartments for Rent in Lexington, KY from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.
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from $745Built in 20231 Bedroom Apartments Available Now
VELO - Waller Avenue
353 Waller AveLexington, KY 40504
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from $805Built in 20211 to 2 Bedroom Apartments Available Now
The Oasis at Kearney Creek - Senior 55+
2750 Meadowsweet LnLexington, KY 40511
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from $865Built in 20231 to 2 Bedroom Apartments Available Now
Polo Club Park - Senior/Affordable Housing
6411 Polo Club LnLexington, KY 40509
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $870Built in 20231 to 3 Bedroom Apartments Available Now
Kearney Ridge - Affordable Housing
2559 Kearney Ridge BlvdLexington, KY 40511
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from $870Built in 20241 to 3 Bedroom Apartments Contact Us For Availability
Richwood Bend - Affordable Housing
100 Codell DrLexington, KY 40509
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from $870Built in 20251 to 3 Bedroom Apartments Available Now
Davis Park Station - NOW Leasing!
512 De Roode StreetLexington, KY 40508
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from $900Built in 20231 Bedroom Apartments Contact Us For Availability
Senior Housing 55+ - Christian Towers II
1513 Versailles RdLexington, KY 40504
Navigating the Rental Market: Tips for First-Time Renters
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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from $1,025Built in 2018Studio Apartments Available Now
The Studios at Patchen - FREE Utilities
2750 Gribbin DrLexington, KY 40517
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from $1,075Built in 20231 to 3 Bedroom Apartments Available Now
Alcove at Russell
750 Ward DrLexington, KY 40511
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from $1,095Built in 20181 to 2 Bedroom Apartments Available Jun 3
The Flats at 345
345 Blackburn AveLexington, KY 40508
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Built in 2020Studio to 4 Bedroom Apartments
Victory Point Apartments & Townhomes
141 Opportunity WayLexington, KY 40511
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Built in 2020Studio to 1 Bedroom Apartments
Arlington Lofts
1001-1021 N Limestone StLexington, KY 40505
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Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
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Built in 20171 to 3 Bedroom Apartments
Amerson Orchard Apartments
102 Amerson Orchard RdGeorgetown, KY 40324
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Lexington, KY Local Guide
How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,200 | $580 | $2,495 |
| Lexington 1 Bedroom Apartments | $1,314 | $595 | $4,017 |
| Lexington 2 Bedroom Apartments | $1,560 | $800 | $5,702 |
| Lexington 3 Bedroom Apartments | $1,828 | $854 | $4,020 |
| Lexington 4 Bedroom Apartments | $2,161 | $1,220 | $2,700 |
Explore Lexington
Lexington, KY Local Guide
- Lexington Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.
Lexington, KY Area Reviews
Do you know the Lexington area?
Let everyone know!
Write a Review
Catrina • 4+ years in Lexington
February 25, 2025Lexington is a great place for people of all types. It is, interestingly, highly bilingual, with many Spanish-speaking residents. Public transportation throughout Lexington is not the best, and the cost of living has skyrocketed in recent years. That being said, it is very safe for a city, and while I've experienced petty theft twice, both times were because I had left my vehicle unlocked at an apartment complex. The outdoor areas are beautiful here, and there are more restaurants than you'd know what to do with. Overall, you get modern amenities with a southern touch.
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 $610 at MidTown Apartments.
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington
Written by: Catrina Cowart
Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky, and I'm happy to talk to you about some of the neighborhoods that I've found to be particularly charming in this small city.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
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.