Cheap Apartments for Rent in the Meadowthorpe Neighborhood of Lexington, KY from $700 (10 Rentals)

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

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1416 Townley Dr
Studio Apartments

1416 Townley Dr

1416 Townley DrLexington, KY 40511
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Townley Park East
1 to 2 Bedroom Apartments

Townley Park East

158 Louie PlLexington, KY 40511
  • Utilities Included
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1435 N Forbes Rd
1 Bedroom Apartments

1435 N Forbes Rd

1435 N Forbes RdLexington, KY 40511

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

Meadowthorpe, Lexington, KY Local Guide

Cheapest Available Meadowthorpe Apartments for Rent

 

The cheapest available apartment rental in the Meadowthorpe area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Kearney Ridge - Affordable Housing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,033. Here are the most affordable Meadowthorpe apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Kearney Ridge - Affordable HousingTwo Bedroom One Bath2BR,2BA$1,033
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$1,125

Best Value Apartments for Rent in Meadowthorpe, KY

As of March 22, 2025 the best value apartment in the Meadowthorpe area is the $1.17 price per square foot Three Bedroom Two Bathroom Model at Kearney Ridge - Affordable Housing in the in the Highlands neighborhood starting from $1,240. The second greatest value Meadowthorpe apartment is the 1 Bed, 1 Bath Flat Model at Artek Lofts starting at $1,125 with a $2.25 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for Meadowthorpe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kearney Ridge - Affordable HousingThree Bedroom Two Bathroom3BR,2BA$1.17
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$2.25
VELO - Waller AvenueFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$3.34

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Pet Friendly Lifestyle
Meadowthorpe, Lexington, KY

Ranked #83

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, 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 filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Meadowthorpe Neighborhood in Lexington, KY

Walk Score®

70 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Meadowthorpe Apartments

What is the price of a cheap apartment in Meadowthorpe?

The cheapest apartment in Meadowthorpe is VELO - Waller Avenue which is listed at $745, while the average apartment in Meadowthorpe costs $1,245.

What types of apartments are the cheapest in Meadowthorpe?

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 30 regular apartments in Meadowthorpe 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 Meadowthorpe?

Cheap apartments in Meadowthorpe have an average cost of $735 which is $510 cheaper than the average rent for all rentals in Meadowthorpe.

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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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.

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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.