Cheap Homes for Rent in Lexington, KY from $600 (36 Rentals)

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property at 1590 Martha Ct

1590 Martha Ct

LexingtonKY40505
property at 1586 Martha Ct

1586 Martha Ct

LexingtonKY40505
property at 445 Davidson Ct

445 Davidson Ct

LexingtonKY40508

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 3573 Laredo Dr

3573 Laredo Dr

LexingtonKY40517
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Lexington, KY Local Guide

Cheapest Neighborhoods for Apartments in Lexington, KY

Pricing Updated: 03/25/2025

Current apartment rentals in the Lexington, KY area range in price from $495 to $6,274 with an overall median price of $2,565. The three Lexington neighborhoods with the lowest median rent pricing are Brucetown at $895, Pralltown at $680, and Meadowthorpe at $740. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lexington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brucetown$895$89523
Pralltown$1,185$680147
Meadowthorpe$1,245$740256
Castlewood$1,300$4951663
Calumet$1,355$715742
Shriners$1,500$7251751
Beaumont Residential$1,507$715998
Gainesway$1,512$7951036
Adena Ridge$1,647$854598
Georgetown$1,648$4951389

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in Lexington, KY is a Studio unit found at BelleFontaine Apartment Homes in the Boone Creek neighborhood priced from $685. Caballo Crossing in the Northside Historic Residential neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755
The Dawn Run ApartmentsStudio SMStudio,1BA$790
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$794
Eastland Hillseast2.12BR,1BA$799
The Oasis at Kearney Creek - Senior 55+One Bedroom - Senior 55+1BR,1BA$805
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Crystal GardensCG 1.11BR,1BA$810

Best Value Apartments for Rent in Lexington, KY

As of March 25, 2025 the best value apartment in the Lexington area is the $0.79 price per square foot 132 Greenbriar Rd Model at 132 Greenbriar Rd in the in the Montclair neighborhood starting from $1,900. The second greatest value Lexington apartment is the House Model at Park Hills Apartments starting at $1,358 with a $0.86 price per square foot in the Boone Creek neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
132 Greenbriar Rd132 Greenbriar Rd4BR,2BA$0.79
Park Hills ApartmentsHouse2BR,2BA$0.86
MidTown ApartmentsHouse4BR,4BA$0.86
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
Alcove at RussellThree Bedroom3BR,2BA$1.06
Limestone Square/Medical Villas3 Bedroom3BR,2BA$0.86
Eastland Hillseast2.12BR,1BA$0.86
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Park VistaPV1.11BR,1BA$1.12

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Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 1080 Apartments for Rent in Lexington, KY with pricing that ranges from $495 to $6,251. There are also 204 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $675 to $6,000.

What is the current price range for Rental Homes in Lexington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington ranges from $675 to $6,000 with an average monthly rent of $2,401.

How much are larger Three and Four Bedroom Rentals in Lexington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $820 to $6,251, while Three Bedroom Homes, Condos, and Townhomes for rent range from $720 to $6,000. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,185.

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.