500 Ohio St
LexingtonKY40508
Cheap Apartments for Rent in the Castlewood Neighborhood of Lexington, KY from $500 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Castlewood area of Lexington.
358 E 2nd St
LexingtonKY40508
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Rent Specials
from $7001 to 2 Bedroom Apartments Available Now
Caballo Crossing
500-522 Hollow Creek RdLexington, KY 40511
1318 Highland Park Dr
LexingtonKY40505
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from $7091 to 2 Bedroom Apartments Available Now
Eastland Hills
1740-1760 Jennifer RdLexington, KY 40505
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from $7251 to 3 Bedroom Apartments Contact Us For Availability
Rosetown Apartments
320 Elm Tree LnLexington, KY 40508
1826 Marietta Dr
LexingtonKY40505
261 Lyndhurst Pl
LexingtonKY40508
1023 N Broadway
LexingtonKY40505
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from $790Studio to 3 Bedroom Apartments Available Now
The Dawn Run Apartments
1800 Augusta CtLexington, KY 40505
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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from $7941 Bedroom Apartments Available Now
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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from $795Studio Apartments Available Aug 14
Kampus Properties STUDENT HOUSING - 2024-'25
400-418 Aylesford PlLexington, KY 40508
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from $825Studio to 3 Bedroom Apartments Contact Us For Availability
Double Tree Apartments
1544 Meade CtLexington, KY 40505
468 N Limestone
LexingtonKY40508
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from $8501 Bedroom Apartments Contact Us For Availability
Rose Tower Apartments
137 Rose StLexington, KY 40507
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from $8701 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station - NOW Leasing!
512 De Roode StreetLexington, KY 40508
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from $875Studio to 2 Bedroom Apartments Available Now
The Ascent1555 - All Utilities Incl.
1555 Eastland PkyLexington, KY 40505
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925 N Broadway
LexingtonKY40505
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1 Bedroom Apartments
Woodland Park Apartments - UTILITIES INCLUDED
184 Old Park AveLexington, KY 40502
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Showing Results 1-38, Page 1 of 1
Castlewood, Lexington, KY Local Guide
How much does it cost to rent an apartment in Castlewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Castlewood Studio Apartments | $1,218 | $790 | $1,745 |
| Castlewood 1 Bedroom Apartments | $1,202 | $595 | $3,553 |
| Castlewood 2 Bedroom Apartments | $1,372 | $799 | $3,000 |
| Castlewood 3 Bedroom Apartments | $1,134 | $820 | $1,999 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Castlewood Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Castlewood, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Castlewood Apartments for Rent
The cheapest available apartment rental in the Castlewood area of Lexington, KY is a 1 Bed unit found at Caballo Crossing priced from $700. The Dawn Run Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here are the most affordable Castlewood apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $700 |
| The Dawn Run Apartments | Studio SM | Studio,1BA | $790 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $794 |
| Eastland Hills | east2.1 | 2BR,1BA | $799 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $850 |
| Revive 1749 - All Utilities Incl | 1BR/1.0BA | 1BR,1BA | $925 |
| The Ascent1555 - All Utilities Incl. | Renovated One Bedroom | 1BR,1BA | $995 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $995 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Castlewood, KY
As of March 28, 2025 the best value apartment in the Castlewood area is the $0.86 price per square foot east2.1 Model at Eastland Hills in the in the Liberty Area neighborhood starting from $799. The second greatest value Castlewood apartment is the 1 Bedroom 1 Bath Model at Caballo Crossing starting at $700 with a $0.93 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for Castlewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eastland Hills | east2.1 | 2BR,1BA | $0.86 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.93 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.34 |
| Hub Limestone | 2x1 A | 2BR,1BA | $1.72 |
| Revive 1749 - All Utilities Incl | 1BR/1.0BA | 1BR,1BA | $1.40 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.20 |
| 1809 at Winchester | A2 Maxima - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.86 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
| The Ascent1555 - All Utilities Incl. | Renovated One Bedroom | 1BR,1BA | $2.09 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $1.89 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleCastlewood, Lexington, KY
Ranked #32
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Castlewood, Lexington, KY
School data provided by Great Schools
Best Local Schools in Castlewood, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Lexington, KY. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Getting Around the Castlewood Neighborhood in Lexington, KY
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
35 / 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 Castlewood Apartments
What is a cheap apartment in Castlewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Castlewood is under $1,125.
What is the price of a cheap apartment in Castlewood?
The cheapest apartment in Castlewood is Caballo Crossing which is listed at $700, while the average apartment in Castlewood costs $1,302.
What types of apartments are the cheapest in Castlewood?
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 10 regular apartments in Castlewood 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 Castlewood?
Cheap apartments in Castlewood have an average cost of $320 which is $982 cheaper than the average rent for all rentals in Castlewood.
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.
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.
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.