
Cheap Apartments for Rent in the Masterson Station Neighborhood of Lexington, KY from $600 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Masterson Station area of Lexington.


The Oasis at Kearney Creek - Senior 55+

2781 Jacquelyn Ln

Kearney Ridge - Affordable Housing

Westchester on the Circle - NO VACANCY
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
Masterson Station, Lexington, KY Local Guide

How much does it cost to rent an apartment in Masterson Station?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Masterson Station Studio Apartments | $1,234 | $1,110 | $1,324 |
Masterson Station 1 Bedroom Apartments | $1,310 | $740 | $1,560 |
Masterson Station 2 Bedroom Apartments | $1,633 | $875 | $2,045 |
Masterson Station 3 Bedroom Apartments | $1,752 | $1,240 | $2,145 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Masterson Station Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Masterson Station, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Masterson Station Apartments for Rent
 The cheapest available apartment rental in the Masterson Station area of Lexington, KY is a 1 Bed unit found at The Oasis at Kearney Creek - Senior 55+ priced from $805. Cambridge Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Masterson Station apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Oasis at Kearney Creek - Senior 55+ | One Bedroom - Senior 55+ | 1BR,1BA | $805 |
Cambridge Park | 1 Bedroom 1 Bath | 1BR,1BA | $850 |
Kearney Ridge - Affordable Housing | Two Bedroom One Bath | 2BR,2BA | $1,033 |
Best Value Apartments for Rent in Masterson Station, KY
As of March 23, 2025 the best value apartment in the Masterson Station 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 Masterson Station apartment is the Madison 2B Model at The Village at Great Acres starting at $1,985 with a $1.67 price per square foot in the Redd Road Rural Historic District neighborhood. Here is today’s list of the best values for Masterson Station 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 | Madison 2B | 2BR,2.5BA | $1.67 |
The Artisan | 2 bedroom apt PHASE II | 2BR,2BA | $1.37 |
Kearney Ridge - Affordable Housing | Three Bedroom Two Bathroom | 3BR,2BA | $1.17 |
Ashton Park Apartments | Linden | 1BR,1BA | $1.57 |
The Oasis at Kearney Creek - Senior 55+ | One Bedroom - Senior 55+ | 1BR,1BA | $1.15 |
FIFTEEN51 Apartments | Blend | 1BR,1BA | $2.13 |
Cambridge Park | 1 Bedroom 1 Bath | 1BR,1BA | $1.26 |
Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $2.25 |
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.
Pet Friendly LifestyleMasterson Station, Lexington, KY
Ranked #77
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Masterson Station Neighborhood in Lexington, KY
Walk Score®
19 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
29 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
24 / 100
Minimal Transit
It may be possible to get on a bus
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 Masterson Station Apartments
What is the price of a cheap apartment in Masterson Station?
The cheapest apartment in Masterson Station is The Oasis at Kearney Creek - Senior 55+ which is listed at $805, while the average apartment in Masterson Station costs $1,802.
What types of apartments are the cheapest in Masterson Station?
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 58 regular apartments in Masterson Station 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 Masterson Station?
Cheap apartments in Masterson Station have an average cost of $155 which is $1,647 cheaper than the average rent for all rentals in Masterson Station.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.