Cheap Apartments for Rent in the Georgetown Neighborhood of Lexington, KY from $500 (34 Rentals)

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

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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property at 468 N Limestone

468 N Limestone

LexingtonKY40508
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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing
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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508
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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
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Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504
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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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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
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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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The Lex
Studio to 4 Bedroom Apartments

The Lex

521 S BroadwayLexington, KY 40508
Student Housing
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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
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Showing Results 1-34, Page 1 of 1

Georgetown, Lexington, KY Local Guide

Cheapest Available Georgetown Apartments for Rent

 

The cheapest available apartment rental in the Georgetown area of Lexington, KY is a 1 Bed unit found at Caballo Crossing priced from $700. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $794. Here are the most affordable Georgetown apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$794
Preakness ApartmentsP212BR,1BA$815
Rose Tower ApartmentsOne Bedroom1BR,1BA$850
Preserve LexingtonA11BR,1BA$1,054
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,1BA$1,095
Townley Park ApartmentsAugusta1BR,1BA$1,110
Park Plaza ApartmentsMaxwellStudio,1BA$1,120
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$1,125
Emerald Twenty Four1BR Apt.1BR,1BA$1,156

Best Value Apartments for Rent in Georgetown, KY

As of March 28, 2025 the best value apartment in the Georgetown area is the $1.06 price per square foot Three Bedroom Model at Alcove at Russell in the in the Winburn neighborhood starting from $1,376. The second greatest value Georgetown apartment is the P21 Model at Preakness Apartments starting at $815 with a $0.88 price per square foot in the Beaumont Residential neighborhood. Here is today’s list of the best values for Georgetown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alcove at RussellThree Bedroom3BR,2BA$1.06
Preakness ApartmentsP212BR,1BA$0.88
SignatureThe Secretariat2BR,2BA$1.13
The Artisan1 bedroom townhome w garage1BR,1BA$1.58
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.93
Emerald Twenty Four1BR Apt.1BR,1BA$1.60
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.20
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,1BA$1.68
Townley Park ApartmentsAugusta1BR,1BA$1.95
Rose Tower ApartmentsOne Bedroom1BR,1BA$1.89

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Georgetown, Lexington, KY

Ranked #30

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
Georgetown, Lexington, KY

School data provided by Great Schools

Best Local Schools in
Georgetown, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Lexington. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Georgetown Neighborhood in Lexington, KY

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

37 / 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 Georgetown Apartments

What is a cheap apartment in Georgetown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Georgetown is under $1,156.

What is the price of a cheap apartment in Georgetown?

The cheapest apartment in Georgetown is Caballo Crossing which is listed at $700, while the average apartment in Georgetown costs $1,648.

What types of apartments are the cheapest in Georgetown?

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 18 regular apartments in Georgetown 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 Georgetown?

Cheap apartments in Georgetown have an average cost of $555 which is $1,093 cheaper than the average rent for all rentals in Georgetown.

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.

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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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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.

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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.