Cheap Apartments for Rent in the Southern Heights Neighborhood of Lexington, KY from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southern Heights area of Lexington.

562 Woodland Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Crescent at Shadeland Apartments
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
Southern Heights, Lexington, KY Local Guide

How much does it cost to rent an apartment in Southern Heights?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southern Heights Studio Apartments | $1,395 | $849 | $2,380 |
Southern Heights 1 Bedroom Apartments | $1,099 | $570 | $2,128 |
Southern Heights 2 Bedroom Apartments | $1,410 | $1,050 | $1,950 |
Southern Heights 3 Bedroom Apartments | $1,837 | $1,450 | $2,100 |
Southern Heights 4 Bedroom Apartments | $2,366 | $1,700 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Southern Heights Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Southern Heights, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Southern Heights Apartments for Rent
 The cheapest available apartment rental in the Southern Heights area of Lexington, KY is a 1 Bed unit found at MidTown Apartments priced from $570. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Southern Heights apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
MidTown Apartments | Bedroom | 1BR,1BA | $570 |
VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
Canter Pointe | Affirmed - 1x1 | 1BR,1BA | $924 |
Best Value Apartments for Rent in Southern Heights, KY
As of April 22, 2025 the best value apartment in the Southern Heights area is the $1.41 price per square foot Two Bedroom Model at Belmont Run Apartments in the in the Montclair neighborhood starting from $1,175. The second greatest value Southern Heights apartment is the 1 Bed 1 Bath Model at Shillito Park Apartments starting at $1,150 with a $1.44 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Southern Heights apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Belmont Run Apartments | Two Bedroom | 2BR,1BA | $1.41 |
Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.44 |
Rivers at Bluegrass | Renovated 1 Bed / 1 Bath | 1BR,1BA | $1.30 |
Canter Pointe | Affirmed - 1x1 | 1BR,1BA | $1.32 |
907 Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1.66 |
1729 Midtown (Pre-Leasing for June 2025) | 1x1 B 11U-Reg) | 1BR,1BA | $2.95 |
Crescent at Shadeland Apartments | 1BR/1.0BA | 1BR,1BA | $1.88 |
MidTown Apartments | Woodland | 1BR,1BA | $2.52 |
Studios180 - Short/Long Term Leases | Furnished Studio | Studio ,1BA | $3.70 |
VELO - Waller Avenue | FULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST... | 1BR,1BA | $3.34 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleSouthern Heights, Lexington, KY
Ranked #35
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Southern Heights, Lexington, KY
School data provided by Great Schools
Getting Around the Southern Heights Neighborhood in Lexington, KY
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
74 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
65 / 100
Good Transit
Many 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 Southern Heights Apartments
What is a cheap apartment in Southern Heights?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southern Heights is under $1,255.
What is the price of a cheap apartment in Southern Heights?
The cheapest apartment in Southern Heights is MidTown Apartments which is listed at $570, while the average apartment in Southern Heights costs $3,345.
What types of apartments are the cheapest in Southern Heights?
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 19 regular apartments in Southern Heights that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

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.

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.

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.