
Cheap Apartments for Rent with Specials in Lexington, KY from $500 (48 Rentals)
Apartments in Lexington with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.
Search the lowest-cost Apartments available for rent right now in Lexington.


Caballo Crossing

Preakness Apartments

Rosetown Apartments

Meadowthorpe Landing - Senior Housing

Ferrill Square Apartments - 55+ Community

The Oasis at Kearney Creek - Senior 55+

Park Vista

Parkside Apts - Coming Soon!

Tates Creek Crossings
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

Crescent at Shadeland Apartments

Richwood Bend - Affordable Housing

The Callaway

Ridgewood

Mt. Tabor Apartments

Harrods Point Apartments - Newly remodeled

Lansdowne Grove

Westchester on the Circle - NO VACANCY

Senior Housing 55+ - Christian Towers II

Canter Pointe

Revive 1749 - All Utilities Incl

The Townhomes and Flats At Fontaine

Alcove at Russell

Cove Lake Village Apartments

Gleneagles Apartments

The Metropolitan

The Reserve At Merrick

Patchen Oaks

Brighton 3050

Bridle Creek Apartments

Thoroughbred Crossing

Emerald Twenty Four

Rivers at Bluegrass

Enclave Hartland

FIFTEEN51 Apartments

Shillito Park Apartments

Oakdale Apartments

Beaumont Farms Apartments

Reserve at Hamburg

Springs At Hamburg

Lakewood Park Apartments

Gateway Lofts Lexington

Windsor Place Apartments

Meadowood

Overlook at Elkhorn Creek - INCOME RESTRICTED

Colt's Crossing Apartments

The W at Brannon
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 | $1,205 | $505 | $2,149 |
Lexington 1 Bedroom Apartments | $1,288 | $531 | $4,739 |
Lexington 2 Bedroom Apartments | $1,488 | $799 | $5,317 |
Lexington 3 Bedroom Apartments | $1,803 | $820 | $6,342 |
Lexington 4 Bedroom Apartments | $1,875 | $1,185 | $2,700 |
Explore Lexington
Lexington, KY Local Guide
- Lexington Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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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.
Frequently Asked Questions about Cheap Lexington Apartments
What is a cheap apartment in Lexington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington is under $815.
What is the price of a cheap apartment in Lexington?
The cheapest apartment in Lexington is Caballo Crossing which is listed at $700, while the average apartment in Lexington costs $2,567.
What types of apartments are the cheapest in Lexington?
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 32,708 regular apartments in Lexington 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 Lexington?
Cheap apartments in Lexington have an average cost of $1,110 which is $1,457 cheaper than the average rent for all rentals in Lexington.
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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.