Cheap Apartments for Rent in the Southeast Lexington Neighborhood of Lexington, KY from $500 (133 Rentals)

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Cheap Apartments in the Southeast Lexington area of Lexington.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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property at 468 N Limestone

468 N Limestone

LexingtonKY40508

Southeast Lexington - One of the Best Affordable Neighborhoods in Lexington

Named as one of the Best Affordable Neighborhoods to rent in Lexington by our Local Expert Catrina Cowart. See how it ranks!

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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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Southeast Lexington, Lexington, KY Local Guide

Cheapest Available Southeast Lexington Apartments for Rent

 

The cheapest available apartment rental in the Southeast Lexington area of Lexington, KY is a Studio unit found at BelleFontaine Apartment Homes priced from $685. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Southeast Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
Preakness ApartmentsP111BR,1BA$715
Oxford Circleoxf 1.11BR,1BA$735
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodThe BristolStudio,1BA$749
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755
The Townhomes and Flats at FontaineBuilding CStudio,1BA$775
Shorelake Apartments - Recently Remodeled!Small 1 Bedroom1BR,1BA$795
Eastland Hillseast2.12BR,1BA$799

Best Value Apartments for Rent in Southeast Lexington, KY

As of May 04, 2025 the best value apartment in the Southeast Lexington area is the $1.16 price per square foot House Model at Park Hills Apartments in the in the Boone Creek neighborhood starting from $1,733. The second greatest value Southeast Lexington apartment is the 3 Bedroom 2.5 Bath Model at The Pines starting at $1,500 with a $1.07 price per square foot in the Boone Creek neighborhood. Here is today’s list of the best values for Southeast Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Hills ApartmentsHouse3BR,1BA$1.16
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
2844 Ryan Cir, Unit B2844 Ryan Cir2BR,5BA$1.00
Eastland Hillseast2.12BR,1BA$0.86
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1.5BA$1.14
SignatureThe Secretariat2BR,2BA$1.13
Park Thirty992 Bedrooms 2 Bathrooms2BR,2BA$1.15
The Dawn Run Apartments2x1 SM2BR,1BA$1.06
1901 Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.13
Preakness ApartmentsP111BR,1BA$1.07

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Pet Friendly Lifestyle
Southeast Lexington, Lexington, KY

Ranked #1

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
Southeast Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Lexington. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, places that make kids happy, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southeast Lexington Apartments

What is a cheap apartment in Southeast Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Lexington is under $799.

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

The cheapest apartment in Southeast Lexington is Preakness Apartments which is listed at $715, while the average apartment in Southeast Lexington costs $3,345.

What types of apartments are the cheapest in Southeast 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 35 regular apartments in Southeast 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 Southeast Lexington?

Cheap apartments in Southeast Lexington have an average cost of $1,056 which is $2,289 cheaper than the average rent for all rentals in Southeast 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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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.

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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.