Cheap Apartments for Rent in the Southwest Lexington Neighborhood of Lexington, KY from $400 (66 Rentals)

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

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Inc.
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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing
Showing Results 1-50, Page 1 of 2

Southwest Lexington, Lexington, KY Local Guide

Cheapest Available Southwest Lexington Apartments for Rent

 

The cheapest available apartment rental in the Southwest Lexington area of Lexington, KY is a 1 Bed unit found at MidTown Apartments priced from $531. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Southwest Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
MidTown ApartmentsBedroom1BR,1BA$531
Preakness ApartmentsP111BR,1BA$715
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$765
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$850
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$850
Rose Tower ApartmentsOne Bedroom1BR,1BA$850
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
The Racquet Club ApartmentsSport1BR,1BA$869

Best Value Apartments for Rent in Southwest Lexington, KY

As of March 01, 2025 the best value apartment in the Southwest Lexington area is the $0.86 price per square foot Two Bedroom Model at The Stretch in the in the Downtown Lexington neighborhood starting from $840. The second greatest value Southwest Lexington apartment is the 2 beds / 1 bath Model at Rivers at Bluegrass starting at $1,125 with a $1.18 price per square foot in the Lansdowne neighborhood. Here is today’s list of the best values for Southwest Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The StretchTwo Bedroom2BR,2BA$0.86
Rivers at Bluegrass2 beds / 1 bath2BR,1BA$1.18
Limestone Square/Medical Villas3 Bedroom3BR,2BA$0.86
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1.5BA$1.14
The Colony at the OaksThe Willow1BR,1BA$1.28
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$1.18
Canter PointeAffirmed - 1x11BR,1BA$1.28
Preakness ApartmentsP111BR,1BA$1.07
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$1.15
MidTown ApartmentsBedroom1BR,1BA$1.25

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Pet Friendly Lifestyle
Southwest Lexington, Lexington, KY

Ranked #3

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
Southwest Lexington, Lexington, KY

School data provided by Great Schools

Best Local Schools in
Southwest Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States including Southwest Lexington, Lexington, and the greater Lexington area. 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 convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southwest Lexington Apartments

What is the Cheapest Studio apartment in Southwest Lexington?

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

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Southwest Lexington is starting from $815 at Preakness Apartments.

What is the most affordable Southwest Lexington Three Bedroom Apartment?

The best deal on a cheap Southwest Lexington Three Bedroom Apartment rental is at The August and starts from $1,135.

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.