
Cheap Apartments for Rent in Lexington, KY from $500 with Washer/Dryer (123 Rentals)
Search the lowest-cost Apartments available for rent right now in Lexington.


Kampus Properties STUDENT HOUSING - 2024-'25

Meadowthorpe Landing - Senior Housing

1901 Apartment Homes

The Oasis at Kearney Creek - Senior 55+

Double Tree Apartments

1862 Marietta Dr

The Racquet Club Apartments

Parkside Apts - Coming Soon!
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

The Alexandra Apartments

Tates Creek Village

1081 Cross Keys Rd

2781 Jacquelyn Ln

Polo Club Park - Senior/Affordable Housing

Davis Park Station - NOW Leasing!

Kearney Ridge - Affordable Housing

Raintree Apartments

Flats at Turfland

Ridgewood

Rivers at Bluegrass

The Callaway

Mt. Tabor Apartments

Steeplechase Apartments

Senior Housing 55+ - Christian Towers II

Canter Pointe

Revive 1749 - All Utilities Incl

EAGLE CREEK TOWNHOMES

The Townhomes and Flats At Fontaine

Creeks on Kirklevington

The Metropolitan

Patchen Place Apartments

Alcove at Russell

The Vue Lexington

Regency Apartments at Southland

Life at Lexington

Gleneagles Apartments

Cove Lake Village Apartments

Park Thirty99

The Reserve At Merrick

Veridian Lexington

Brighton 3050

Bridle Creek Apartments

Spring House on the Park
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 | $1,222 | $680 | $2,149 |
Lexington 1 Bedroom Apartments | $1,288 | $531 | $4,739 |
Lexington 2 Bedroom Apartments | $1,485 | $799 | $5,317 |
Lexington 3 Bedroom Apartments | $1,803 | $820 | $6,342 |
Lexington 4 Bedroom Apartments | $1,877 | $1,185 | $2,700 |
Explore Lexington
Lexington, KY Local Guide
- Lexington Neighborhoods
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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 $810.
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 33,098 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 $1,095 which is $1,472 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.