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.

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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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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Showing Results 1-28, Page 1 of 1

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 Landing at Malabu priced from $745. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Outer Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Landing at Malabu1 Bed, 1 bath1BR,1BA$745
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$800
Barrel Oaks ApartmentsBOA 2/1.5 Signature Unit (Scarlett)2BR,1BA$800
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$825
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$850
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$850
Chelsea Apartments1 Bedroom1BR,1BA$895
Lansdowne Grove1 Bedroom 1 Bathroom Classic1BR,1BA$900
Canter PointeAffirmed - 1x11BR,1BA$924

Best Value Apartments for Rent in Outer Southwest Lexington, KY

As of April 13, 2025 the best value apartment in the Outer Southwest Lexington area is the $1.12 price per square foot RM - 30G1 Model at rmLexington in the in the The Meadows At Brannon Crossing neighborhood starting from $1,910. The second greatest value Outer Southwest Lexington apartment is the Barton Model at The Metropolitan starting at $1,330 with a $1.35 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.
rmLexingtonRM - 30G13BR,2BA$1.12
The MetropolitanBarton2BR,2BA$1.35
Park Thirty992 Bedrooms 2 Bathrooms2BR,2BA$1.15
The AlexandraThe Fritz2BR,1BA$1.43
Belmont Run ApartmentsTwo Bedroom2BR,1BA$1.41
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.30
Canter PointeAffirmed - 1x11BR,1BA$1.32
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$1.37
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 1729 Midtown (Pre-Leasing for June 2025) listed at $1,400.

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 $800 at Barrel Oaks Apartments.

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 The Alexandra and starts from $1,345.

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.