Cheap Apartments for Rent in the Southern Heights Neighborhood of Lexington, KY from $500 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

close
View Me
1356 Royalty Ct
1 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included

Southern Heights, Lexington, KY Local Guide

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 ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$570
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Canter PointeAffirmed - 1x11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
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
Canter PointeAffirmed - 1x11BR,1BA$1.32
907 Trifecta on Red MileTrifecta on Red Mile - One Bedroom1BR,1BA$1.66
1729 Midtown (Pre-Leasing for June 2025)1x1 B 11U-Reg)1BR,1BA$2.95
Crescent at Shadeland Apartments1BR/1.0BA1BR,1BA$1.88
MidTown ApartmentsWoodland1BR,1BA$2.52
Studios180 - Short/Long Term LeasesFurnished StudioStudio ,1BA$3.70
VELO - Waller AvenueFULLY 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Southern Heights, Lexington, KY

Ranked #35

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

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.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.