
Cheap Apartments for Rent in the Highlands Neighborhood of Lexington, KY from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highlands area of Lexington.


Victory Point Apartments & Townhomes

Caballo Crossing

Meadowthorpe Landing - Senior Housing

1023 N Broadway

Ferrill Square Apartments - 55+ Community

The Oasis at Kearney Creek - Senior 55+

2781 Jacquelyn Ln

Kearney Ridge - Affordable Housing

933 N Broadway
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

Westchester on the Circle - NO VACANCY
Highlands, Lexington, KY Local Guide

How much does it cost to rent an apartment in Highlands?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Highlands Studio Apartments | $1,201 | $495 | $1,745 |
Highlands 1 Bedroom Apartments | $1,218 | $700 | $1,560 |
Highlands 2 Bedroom Apartments | $1,517 | $835 | $2,025 |
Highlands 3 Bedroom Apartments | $1,671 | $1,115 | $2,095 |
Highlands 4 Bedroom Apartments | $1,185 | $1,185 | $1,185 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Highlands Neighborhood of Lexington, KY.
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Highlands, Lexington, KY Local Guide
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Cheapest Available Highlands Apartments for Rent
 The cheapest available apartment rental in the Highlands 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 Highlands apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $700 |
Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $794 |
The Oasis at Kearney Creek - Senior 55+ | One Bedroom - Senior 55+ | 1BR,1BA | $805 |
Kearney Ridge - Affordable Housing | Two Bedroom One Bath | 2BR,2BA | $1,033 |
Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Highlands, KY
As of March 25, 2025 the best value apartment in the Highlands area is the $1.22 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Winburn neighborhood starting from $1,836. The second greatest value Highlands apartment is the Baybrook A Model at The Village at Great Acres starting at $2,095 with a $1.71 price per square foot in the Redd Road Rural Historic District neighborhood. Here is today’s list of the best values for Highlands apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Emerald Twenty Four | 3 BR Townhome + Garage | 3BR,2.5BA | $1.22 |
The Village at Great Acres | Baybrook A | 3BR,3BA | $1.71 |
The Artisan | 2 bedroom apt PHASE II | 2BR,2BA | $1.37 |
Kearney Ridge - Affordable Housing | Three Bedroom Two Bathroom | 3BR,2BA | $1.17 |
Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
The Oasis at Kearney Creek - Senior 55+ | One Bedroom - Senior 55+ | 1BR,1BA | $1.15 |
FIFTEEN51 Apartments | Blend | 1BR,1BA | $2.13 |
Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.20 |
Trifecta on Red Mile: MAJOR Renovations | One Bedroom | 1BR,1BA | $1.68 |
Townley Park Apartments | Augusta | 1BR,1BA | $1.95 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleHighlands, Lexington, KY
Ranked #80
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Highlands, Lexington, KY
School data provided by Great Schools
Best Local Schools in Highlands, Lexington, KY
School data provided by Great Schools
Best Local Schools in Highlands, Lexington, KY
School data provided by Great Schools
Best Local Schools in Highlands, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Highlands Apartments
What is a cheap apartment in Highlands?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Highlands is under $1,555.
What is the price of a cheap apartment in Highlands?
The cheapest apartment in Highlands is Caballo Crossing which is listed at $700, while the average apartment in Highlands costs $1,766.
What types of apartments are the cheapest in Highlands?
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 255 regular apartments in Highlands 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 Highlands?
Cheap apartments in Highlands have an average cost of $534 which is $1,232 cheaper than the average rent for all rentals in Highlands.
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.