Cheap Apartments for Rent in the Deerfield Neighborhood of Lexington, KY from $500 (3 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Deerfield area of Lexington.

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Lexington's Best Affordable Neighborhoods

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Deerfield, Lexington, KY Local Guide

Best Value Apartments for Rent in Deerfield, KY

As of April 26, 2025 the best value apartment in the Deerfield area is the $1.44 price per square foot 1 Bed 1 Bath Model at Shillito Park Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,150. The second greatest value Deerfield apartment is the Furnished Executive Unit - 1B & 2B Model at Regency Apartments at Southland starting at $1,200 with a $1.57 price per square foot in the Lansdowne neighborhood. Here is today’s list of the best values for Deerfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.44
Regency Apartments at SouthlandFurnished Executive Unit - 1B & 2B1BR,1BA$1.57
The Colony at the OaksThe Willow1BR,1BA$1.53
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.30
Canter PointeAffirmed - 1x11BR,1BA$1.32
Barrel Oaks ApartmentsWillow1BR,1BA$1.47
Chelsea Apartments1 Bedroom1BR,1BA$1.39
The ElementThe Keeneland1BR,1BA$1.82
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.38
MidTown ApartmentsWoodland1BR,1BA$2.52

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Pet Friendly Lifestyle
Deerfield, Lexington, KY

Ranked #55

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $1,150.

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 15 regular apartments in Deerfield 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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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.

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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.