Cheap Apartments for Rent in the Highlands Neighborhood of Lexington, KY from $400 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Highlands 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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2781 Jacquelyn Ln
1 to 3 Bedroom Apartments

2781 Jacquelyn Ln

2781 Jacquelyn LnLexington, KY 40511
  • Utilities Included
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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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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
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Highlands, Lexington, KY Local Guide

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 ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$794
The Oasis at Kearney Creek - Senior 55+One Bedroom - Senior 55+1BR,1BA$805
Kearney Ridge - Affordable HousingTwo Bedroom One Bath2BR,2BA$1,033
Trifecta on Red Mile: MAJOR RenovationsOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Emerald Twenty Four3 BR Townhome + Garage3BR,2.5BA$1.22
The Village at Great AcresBaybrook A3BR,3BA$1.71
The Artisan2 bedroom apt PHASE II2BR,2BA$1.37
Kearney Ridge - Affordable HousingThree Bedroom Two Bathroom3BR,2BA$1.17
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
The Oasis at Kearney Creek - Senior 55+One Bedroom - Senior 55+1BR,1BA$1.15
FIFTEEN51 ApartmentsBlend1BR,1BA$2.13
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

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Pet Friendly Lifestyle
Highlands, Lexington, KY

Ranked #80

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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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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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.