Cheap Apartments for Rent in the Castlewood Neighborhood of Lexington, KY from $500 (43 Rentals)

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Cheap Apartments in the Castlewood area of Lexington.

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property at 468 N Limestone

468 N Limestone

LexingtonKY40508

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
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Hartford Place
Studio to 2 Bedroom Apartments

Hartford Place

1598 Martha CtLexington, KY 40505
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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing
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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508

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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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
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Heritage Hills
1 to 2 Bedroom Apartments

Heritage Hills

1708 Jennifer RdLexington, KY 40505
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
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Parkway Manor
1 to 3 Bedroom Apartments

Parkway Manor

431 Rogers RdLexington, KY 40505
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
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VALORE AT THE BAXTER
1 Bedroom Apartments

VALORE AT THE BAXTER

1597 Martha CtLexington, KY 40505
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The Lex
Studio to 4 Bedroom Apartments

The Lex

521 S BroadwayLexington, KY 40508
Student Housing
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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
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Showing Results 1-43, Page 1 of 1

Castlewood, Lexington, KY Local Guide

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. Eastland Hills has the second lowest priced unit, which is a 2 Beds apartment currently listed from $799. Here are the most affordable Castlewood apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Eastland Hillseast2.12BR,1BA$799
Rose Tower ApartmentsOne Bedroom1BR,1BA$850
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$854
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$870
The Dawn Run Apartments2x1 SM2BR,1BA$900
The Ascent1555 - All Utilities Incl.Renovated StudioStudio,1BA$925

Best Value Apartments for Rent in Castlewood, KY

As of May 04, 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 2 Bedroom 1 Bath Model at Caballo Crossing starting at $858 with a $0.95 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Eastland Hillseast2.12BR,1BA$0.86
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
The Dawn Run Apartments2x1 SM2BR,1BA$1.06
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Revive 1749 - All Utilities Incl2BR/1.0BA2BR,1BA$1.31
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.38
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$1.18
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.29
1624 Jennifer Rd, Unit 1081624 Jennifer Rd1BR,1BA$1.31
444 S Ashland Ave, Unit #B-15444 S Ashland AveStudio ,1BA$1.60

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Castlewood, Lexington, KY

Ranked #82

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $925.

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 $1,300.

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 11 regular apartments in Castlewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

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.