Cheap Apartments for Rent in the South Lexington Neighborhood of Lexington, KY from $500 (35 Rentals)

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

property at 422 Pyke Rd

422 Pyke Rd

LexingtonKY40504

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
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1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
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University Flats
2 to 4 Bedroom Apartments

University Flats

1160 University DrLexington, KY 40526
Student Housing
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Medical Villas
1 Bedroom Apartments

Medical Villas

180 Leader AveLexington, KY 40508
Student Housing
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Showing Results 1-35, Page 1 of 1

South Lexington, Lexington, KY Local Guide

Cheapest Available South Lexington Apartments for Rent

 

The cheapest available apartment rental in the South Lexington area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Ridgewood has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable South Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
RidgewoodStudioStudio,1BA$780
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$825
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$850
Chelsea Apartments1 Bedroom1BR,1BA$895
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
The AlexandraBeaumont - Renovated1BR,1BA$899
Harrods Point Apartments - Newly remodeledSmall one BedroomStudio,1BA$899
Lansdowne Grove1 Bedroom 1 Bathroom Classic1BR,1BA$900
Barrel Oaks ApartmentsWillow1BR,1BA$969

Best Value Apartments for Rent in South Lexington, KY

As of April 30, 2025 the best value apartment in the South Lexington area is the $1.39 price per square foot 2X2 Model at Palomar View Apartments in the in the Stonewall Community neighborhood starting from $1,513. The second greatest value South Lexington apartment is the Bradford Model at MAA Mansion starting at $1,318 with a $1.45 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for South Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Palomar View Apartments2X22BR,2BA$1.39
MAA MansionBradford2BR,1BA$1.45
Spring House on the Park2x1 Arbor (shb1)2BR,1BA$1.48
Belmont Run ApartmentsTwo Bedroom2BR,1BA$1.41
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.44
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.30
The Callaway1 Bedroom Traditional1BR,1BA$1.34
Barrel Oaks ApartmentsWillow1BR,1BA$1.47
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.38

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Pet Friendly Lifestyle
South Lexington, Lexington, KY

Ranked #5

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
South 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 Southwestern Lexington, KY. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the South Lexington Neighborhood in Lexington, KY

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

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 South Lexington Apartments

What is a cheap apartment in South Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Lexington is under $969.

What is the price of a cheap apartment in South Lexington?

The cheapest apartment in South Lexington is VELO - Waller Avenue which is listed at $745, while the average apartment in South Lexington costs $3,345.

What types of apartments are the cheapest in South Lexington?

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 14 regular apartments in South Lexington 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 South Lexington?

Cheap apartments in South Lexington have an average cost of $1,313 which is $2,032 cheaper than the average rent for all rentals in South Lexington.

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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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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.