Cheap Apartments for Rent in the East Lexington Neighborhood of Lexington, KY from $500 (35 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 468 N Limestone

468 N Limestone

LexingtonKY40508

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Idle Hour Villas
1 Bedroom Apartments

Idle Hour Villas

2129-2213 Coburn BlvdLexington, KY 40502
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Hartford Place
Studio to 2 Bedroom Apartments

Hartford Place

1598 Martha CtLexington, KY 40505
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Lakeview Estates
1 to 2 Bedroom Apartments

Lakeview Estates

164 Lakeshore DrLexington, KY 40502
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3Fifty8
Studio to 1 Bedroom Apartments

3Fifty8

358 B Duke RdLexington, KY 40502
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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.

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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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Covington Place
3 Bedroom Apartments

Covington Place

2400 Woodhill DrLexington, KY 40509
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Parkway Manor
1 to 3 Bedroom Apartments

Parkway Manor

431 Rogers RdLexington, KY 40505
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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

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

VALORE AT THE BAXTER

1597 Martha CtLexington, KY 40505
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Showing Results 1-35, Page 1 of 1

East Lexington, Lexington, KY Local Guide

Cheapest Available East Lexington Apartments for Rent

 

The cheapest available apartment rental in the East Lexington area of Lexington, KY is a 1 Bed unit found at MidTown Apartments priced from $610. BelleFontaine Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable East Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$610
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
The Townhomes and Flats at FontaineBuilding CStudio,1BA$775
Shorelake Apartments - Recently Remodeled!Small 1 Bedroom1BR,1BA$795
The Dawn Run Apartments1x11BR,1BA$815
Rose Tower ApartmentsOne Bedroom1BR,1BA$850
The Ascent1555Renovated StudioStudio,1BA$925
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$975
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1,025

Best Value Apartments for Rent in East Lexington, KY

As of May 15, 2025 the best value apartment in the East Lexington area is the $1.15 price per square foot Three Bedroom Model at Alcove at Russell in the in the Winburn neighborhood starting from $1,488. The second greatest value East Lexington 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 East Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alcove at RussellThree Bedroom3BR,2BA$1.15
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
The Dawn Run Apartments1x11BR,1BA$1.09
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.38
Life at LexingtonCypress1BR,1BA$1.57
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$1.48
1809 at WinchesterA2 Maxima - 1 Bedroom, 1 Bathroom1BR,1BA$1.86
Shorelake Apartments - Recently Remodeled!Small 1 Bedroom1BR,1BA$1.30
BelleFontaine Apartment Homes1-11BR,1BA$1.60

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.

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Pet Friendly Lifestyle
East Lexington, Lexington, KY

Ranked #27

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
East Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Kentucky including East Lexington, Lexington, and the greater Lexington area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the East Lexington Neighborhood in Lexington, KY

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

48 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

32 / 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 East Lexington Apartments

What is a cheap apartment in East Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Lexington is under $1,025.

What is the price of a cheap apartment in East Lexington?

The cheapest apartment in East Lexington is MidTown Apartments which is listed at $610, while the average apartment in East Lexington costs $3,345.

What types of apartments are the cheapest in East Lexington?

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 East Lexington 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 East Lexington?

Cheap apartments in East Lexington have an average cost of $1,141 which is $2,204 cheaper than the average rent for all rentals in East Lexington.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.