Cheap Apartments for Rent in the Outer Southwest Lexington Neighborhood of Lexington, KY from $500 (28 Rentals)

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

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
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Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
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1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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Lansdowne Grove
1 to 2 Bedroom Apartments

Lansdowne Grove

3489 Lansdowne DrLexington, KY 40517

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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Outer Southwest Lexington, Lexington, KY Local Guide

Cheapest Available Outer Southwest Lexington Apartments for Rent

 

The cheapest available apartment rental in the Outer Southwest Lexington area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Brookhaven Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Outer Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$825
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$850
Chelsea Apartments1 Bedroom1BR,1BA$895
Breckinridge Court1 Bed 1 Bath 628 sf (a1)1BR,1BA$905
Canter PointeAffirmed - 1x11BR,1BA$924
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$969
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$975
The AlexandraThe Fritz2BR,1BA$975
The Vue Lexington1 Bed 1 Bath1BR,1BA$995

Best Value Apartments for Rent in Outer Southwest Lexington, KY

As of May 16, 2025 the best value apartment in the Outer Southwest Lexington area is the $1.03 price per square foot 3 Bedroom 2.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,550. The second greatest value Outer Southwest Lexington apartment is the The Oakland Model at Saddlebrook at Tates Creek starting at $1,580 with a $1.30 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Outer Southwest Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
Saddlebrook at Tates CreekThe Oakland2BR,2BA$1.30
Canter PointeSecretariat - 2x22BR,2BA$1.24
Park Thirty992 Bedrooms 2 Bathrooms2BR,2BA$1.15
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.30
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$1.47
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Breckinridge Court1 Bed 1 Bath 628 sf (a1)1BR,1BA$1.45
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.38

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Pet Friendly Lifestyle
Outer Southwest Lexington, Lexington, KY

Ranked #4

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Outer Southwest Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Southwest Central Lexington, KY. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Outer Southwest Lexington Apartments

What is the Cheapest Studio apartment in Outer Southwest Lexington?

Currently the most affordable Cheap Studio Apartment in Outer Southwest Lexington is at Creeks on Kirklevington listed at $1,181.

How much is rent for a Cheap One Bedroom Outer Southwest Lexington Apartment?

The lowest price for a Cheap One Bedroom Outer Southwest Lexington Apartment is $745 at VELO - Waller Avenue.

What is the lowest price for a Cheap Two Bedroom Outer Southwest Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Outer Southwest Lexington is starting from $975 at The Alexandra.

What is the most affordable Outer Southwest Lexington Three Bedroom Apartment?

The best deal on a cheap Outer Southwest Lexington Three Bedroom Apartment rental is at Barrel Oaks Apartments and starts from $1,399.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.