Cheap Homes for Rent in Castlewood Neighborhood of Lexington, KY from $600 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Castlewood area of Lexington.

property at 1590 Martha Ct

1590 Martha Ct

LexingtonKY40505
property at 1586 Martha Ct

1586 Martha Ct

LexingtonKY40505
property at 445 Davidson Ct

445 Davidson Ct

LexingtonKY40508

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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 Studio unit found at The Dawn Run Apartments priced from $690. Caballo Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Castlewood apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
The Dawn Run ApartmentsStudio MDStudio,1BA$690
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$794

Best Value Apartments for Rent in Castlewood, KY

As of April 25, 2025 the best value apartment in the Castlewood area is the $0.95 price per square foot 2 Bedroom 1 Bath Model at Caballo Crossing in the in the Northside Historic Residential neighborhood starting from $858. The second greatest value Castlewood apartment is the 1 Bedroom Model at Double Tree Apartments starting at $840 with a $1.02 price per square foot in the Shriners 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.
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Double Tree Apartments1 Bedroom1BR,1BA$1.02
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.38
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$1.18
Hub Limestone2x1 A2BR,1BA$1.72
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$1.40
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.29
1624 Jennifer Rd, Unit 1081624 Jennifer Rd1BR,1BA$1.31
1809 at WinchesterA2 Maxima - 1 Bedroom, 1 Bathroom1BR,1BA$1.86
The Dawn Run ApartmentsStudio MDStudio ,1BA$1.53

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Castlewood

What type of rentals are currently available in Castlewood?

There are currently 476 Apartments for Rent in Castlewood, KY with pricing that ranges from $495 to $2,700. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Castlewood ranging from $675 to $4,800.

What is the current price range for Rental Homes in Castlewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Castlewood ranges from $675 to $4,800 with an average monthly rent of $1,855.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.