
Cheap 3 Bedroom Apartments for Rent in the Southwest Lexington Neighborhood of Lexington, KY from $820 (5 Rentals)


Preakness Apartments

Lakeside Manor Apartments -Affordable Housing
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart
Southwest Lexington, Lexington, KY Local Guide

How much does it cost to rent an apartment in Southwest Lexington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southwest Lexington Studio Apartments | $1,320 | $795 | $2,149 |
Southwest Lexington 1 Bedroom Apartments | $1,311 | $570 | $4,732 |
Southwest Lexington 2 Bedroom Apartments | $1,516 | $800 | $3,674 |
Southwest Lexington 3 Bedroom Apartments | $1,853 | $820 | $5,992 |
Southwest Lexington 4 Bedroom Apartments | $2,300 | $1,700 | $2,700 |
Explore Lexington
Southwest Lexington, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
Frequently Asked Questions about Cheap Southwest Lexington Apartments
What is a cheap apartment in Southwest Lexington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Lexington is under $895.
What is the price of a cheap apartment in Southwest Lexington?
The cheapest apartment in Southwest Lexington is The Crossings Apartment Homes which is listed at $1,175, while the average apartment in Southwest Lexington costs $3,345.
What types of apartments are the cheapest in Southwest 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 27 regular apartments in Southwest 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 Southwest Lexington?
Cheap apartments in Southwest Lexington have an average cost of $1,062 which is $2,283 cheaper than the average rent for all rentals in Southwest 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.

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.

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.

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.

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.