
Cheap Apartments for Rent in Lexington, KY from $400 with Swimming Pool (56 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Raintree Apartments

The Townhomes and Flats At Fontaine

The Alexandra Apartments

Crescent at Shadeland Apartments

Lansdowne Apartments

Tates Creek Village

Kearney Ridge - Affordable Housing
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One of the easiest and more obvious ways of enjoying the summer sun is to lounge out by your community pool. Learn a Few Rules to Keep in Mind while at the pool.

The Studios at Belmont - ALL UTILITIES INCL

Lansdowne Grove

Westchester on the Circle - NO VACANCY

Canter Pointe

Barrel Oaks Apartments

The Racquet Club Apartments

The Callaway

Creeks on Kirklevington

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

Patchen Place Apartments

The Vue Lexington

Cove Lake Village Apartments

Gleneagles Apartments

Life at Lexington

Park Thirty99

Veridian Lexington

Patchen Oaks

Stoney Brooke Apartments

Preserve Lexington

MAA Village

Brighton 3050

The Reserve At Merrick

MAA Lakepointe

Belmont Run Apartments

1809 at Winchester

Beaumont Farms Apartments

The Colony at the Oaks

The Metropolitan

Spring House on the Park

Enclave Hartland

Saddlebrook at Tates Creek

Bridle Creek Apartments

Shillito Park Apartments

MAA Mansion

Emerald Twenty Four

Springs At Hamburg

Reserve at Hamburg

Rabbit Run Apartments
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 | $1,192 | $495 | $2,246 |
Lexington 1 Bedroom Apartments | $1,287 | $570 | $3,951 |
Lexington 2 Bedroom Apartments | $1,515 | $694 | $5,869 |
Lexington 3 Bedroom Apartments | $1,837 | $820 | $6,088 |
Lexington 4 Bedroom Apartments | $2,116 | $1,185 | $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
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 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 $805.
What is the price of a cheap apartment in Lexington?
The cheapest apartment in Lexington is Cedarwood which is listed at $574, while the average apartment in Lexington costs $2,617.
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 656 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 $1,149 which is $1,468 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.

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.

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.