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.

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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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
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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
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Medical Villas
1 Bedroom Apartments

Medical Villas

180 Leader AveLexington, KY 40508
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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. Brookhaven Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. 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
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$825
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$850
Chelsea Apartments1 Bedroom1BR,1BA$895
The Callaway1 Bedroom Traditional1BR,1BA$899
RidgewoodStudioStudio,1BA$899
Harrods Point Apartments - Newly remodeledSmall one BedroomStudio,1BA$899
Rivers at BluegrassClassic 1 Bed / 1 Bath1BR,1BA$899
Lansdowne Grove1 Bedroom 1 Bathroom Classic1BR,1BA$900
Barrel Oaks ApartmentsWillow1BR,1BA$929

Best Value Apartments for Rent in South Lexington, KY

As of March 13, 2025 the best value apartment in the South Lexington area is the $1.38 price per square foot Mustang Model at Forty57 Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,808. The second greatest value South Lexington apartment is the 2X2 Model at Palomar View Apartments starting at $1,476 with a $1.36 price per square foot in the Stonewall Community 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.
Forty57 ApartmentsMustang3BR,2BA$1.38
Palomar View Apartments2X22BR,2BA$1.36
The Colony at the OaksThe Cypress2BR,1.5BA$1.30
Spring House on the Park2x2 Greenhouse (shb3)2BR,2BA$1.17
Limestone Square/Medical Villas3 Bedroom3BR,2BA$0.86
Rivers at BluegrassClassic 1 Bed / 1 Bath1BR,1BA$1.20
The Callaway1 Bedroom Traditional1BR,1BA$1.31
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.38
MidTown ApartmentsBedroom1BR,1BA$1.25

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Pet Friendly Lifestyle
South Lexington, Lexington, KY

Ranked #6

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

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 the Cheapest Studio apartment in South Lexington?

Currently the most affordable Cheap Studio Apartment in South Lexington is at Harrods Point Apartments - Newly remodeled listed at $899.

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

The lowest price for a Cheap One Bedroom South Lexington Apartment is $531 at MidTown Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in South Lexington is starting from $995 at Regency Apartments at Southland.

What is the most affordable South Lexington Three Bedroom Apartment?

The best deal on a cheap South 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.

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.