
Apartments for Rent in Lexington, KY Under $500 (1 Rental)

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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 Under $500 | $1,176 | $495 | $2,567 |
Lexington 1 Bedroom Apartments Under $500 | $1,290 | $595 | $4,017 |
Lexington 2 Bedroom Apartments Under $500 | $1,528 | $799 | $5,673 |
Lexington 3 Bedroom Apartments Under $500 | $1,803 | $854 | $6,145 |
Lexington 4 Bedroom Apartments Under $500 | $2,090 | $1,185 | $2,700 |
Explore Lexington

Lexington, KY Local Guide
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Quick Rent Budget Calculator
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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.
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 Lexington
How much are Studio apartments in Lexington?
There are currently 75 Studio Apartments in Lexington with rent ranges from $495 to $2,567 with an average price of $1,176.
What is the current price range for One Bedroom Lexington Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Lexington ranges from $595 to $4,017 with an average monthly rent of $1,290.
What does renting a Two Bedroom Apartment in Lexington cost?
The monthly rent prices of Two Bedroom Apartments currently available in Lexington range from $799 to $5,673. Today's average rental price for Two Bedrooms here is $1,528.
How expensive are Lexington Three Bedroom Apartments?
There are currently 135 Three Bedroom Apartments listings available in Lexington on ApartmentHomeLiving.com. The pricing ranges from $854 to $6,145 - averaging $1,803 for the location.
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.

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Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.