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Cheap Apartments for Rent in the Deerfield Neighborhood of Lexington, KY from $500 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Deerfield area of Lexington.
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from $8951 to 2 Bedroom Apartments Available Now
Chelsea Apartments
2640 Wilhite CtLexington, KY 40503
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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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Deerfield, Lexington, KY Local Guide
How much does it cost to rent an apartment in Deerfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deerfield Studio Apartments | $1,339 | $920 | $1,855 |
| Deerfield 1 Bedroom Apartments | $1,101 | $531 | $1,995 |
| Deerfield 2 Bedroom Apartments | $1,407 | $995 | $1,950 |
| Deerfield 3 Bedroom Apartments | $1,487 | $1,399 | $1,700 |
| Deerfield 4 Bedroom Apartments | $2,300 | $1,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 3 rentals with your search options within a 1 mile radius of the Deerfield Neighborhood of Lexington, KY.
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Deerfield, Lexington, KY Local Guide
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Best Value Apartments for Rent in Deerfield, KY
As of March 25, 2025 the best value apartment in the Deerfield area is the $0.79 price per square foot 132 Greenbriar Rd Model at 132 Greenbriar Rd in the in the Montclair neighborhood starting from $1,900. The second greatest value Deerfield apartment is the House Model at MidTown Apartments starting at $1,350 with a $0.86 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for Deerfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 132 Greenbriar Rd | 132 Greenbriar Rd | 4BR,2BA | $0.79 |
| MidTown Apartments | House | 4BR,4BA | $0.86 |
| Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.44 |
| Regency Apartments at Southland | Furnished Executive Unit - 1B & 2B | 1BR,1BA | $1.57 |
| The Colony at the Oaks | The Willow | 1BR,1BA | $1.48 |
| Rivers at Bluegrass | Renovated 1 Bed / 1 Bath | 1BR,1BA | $1.30 |
| Canter Pointe | Affirmed - 1x1 | 1BR,1BA | $1.32 |
| Barrel Oaks Apartments | Willow | 1BR,1BA | $1.41 |
| Chelsea Apartments | 1 Bedroom | 1BR,1BA | $1.39 |
| Brookhaven Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.38 |
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Pet Friendly LifestyleDeerfield, Lexington, KY
Ranked #76
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Deerfield Apartments
What is a cheap apartment in Deerfield?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Deerfield is under $1,255.
What is the price of a cheap apartment in Deerfield?
The cheapest apartment in Deerfield is Brookhaven Apartments which is listed at $825, while the average apartment in Deerfield costs $3,345.
What types of apartments are the cheapest in Deerfield?
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 569 regular apartments in Deerfield 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 Deerfield?
Cheap apartments in Deerfield have an average cost of $1,371 which is $1,974 cheaper than the average rent for all rentals in Deerfield.
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.