
Cheap Homes for Rent in Castlewood Neighborhood of Lexington, KY from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Castlewood area of Lexington.


1586 Martha Ct

445 Davidson Ct

563 Ohio St
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.

453 Race St

133 Twelfth St, Unit A

1811 Dalton Ct

248 E Fifth St
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

858 Whitney Ave
Castlewood, Lexington, KY Local Guide

How much does it cost to rent a home in Castlewood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Castlewood 2 Bedroom Homes for Rent | $1,717 | $1,000 | $2,500 |
Castlewood 3 Bedroom Homes for Rent | $1,680 | $899 | $2,500 |
Castlewood 4 Bedroom Homes for Rent | $2,377 | $1,650 | $4,800 |
Castlewood 5 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Castlewood Neighborhood of Lexington, KY.
Explore 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Dawn Run Apartments | Studio MD | Studio,1BA | $690 |
Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $700 |
Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
Double Tree Apartments | 1 Bedroom | 1BR,1BA | $1.02 |
Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.38 |
Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
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 | $1.29 |
1624 Jennifer Rd, Unit 108 | 1624 Jennifer Rd | 1BR,1BA | $1.31 |
1809 at Winchester | A2 Maxima - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.86 |
The Dawn Run Apartments | Studio MD | Studio ,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.
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.

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.

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.

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.