
Cheap Apartments for Rent in the St. Martins Village Neighborhood of Lexington, KY from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the St. Martins Village area of Lexington.


500 Ohio St

Caballo Crossing

Preakness Apartments

Rosetown Apartments

Meadowthorpe Landing - Senior Housing

1901 Apartment Homes
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

468 N Limestone

1005 N Broadway

557 N Limestone

2781 Jacquelyn Ln

1921 Oxford Cir

Ferrill Square Apartments - 55+ Community

Davis Park Station - NOW Leasing!
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.

Westchester on the Circle - NO VACANCY

Senior Housing 55+ - Christian Towers II

Victory Point Apartments & Townhomes
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.

Westminster Village - 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
St. Martins Village, Lexington, KY Local Guide

How much does it cost to rent an apartment in St. Martins Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
St. Martins Village Studio Apartments | $1,336 | $580 | $1,745 |
St. Martins Village 1 Bedroom Apartments | $1,474 | $595 | $4,017 |
St. Martins Village 2 Bedroom Apartments | $1,695 | $800 | $5,733 |
St. Martins Village 3 Bedroom Apartments | $1,596 | $875 | $1,909 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the St. Martins Village Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
St. Martins Village, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available St. Martins Village Apartments for Rent
 The cheapest available apartment rental in the St. Martins Village area of Lexington, KY is a 1 Bed unit found at Caballo Crossing priced from $700. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable St. Martins Village apartments for rent in Lexington, KY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $700 |
Preakness Apartments | P11 | 1BR,1BA | $715 |
1901 Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $755 |
Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $854 |
Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $870 |
Preserve Lexington | A1 | 1BR,1BA | $999 |
Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1,095 |
Townley Park Apartments | Augusta | 1BR,1BA | $1,110 |
Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in St. Martins Village, KY
As of May 10, 2025 the best value apartment in the St. Martins Village area is the $1.27 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Winburn neighborhood starting from $1,909. The second greatest value St. Martins Village apartment is the 2 bedroom apt PHASE II Model at The Artisan starting at $1,555 with a $1.37 price per square foot in the Georgetown neighborhood. Here is today’s list of the best values for St. Martins Village apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Emerald Twenty Four | 3 BR Townhome + Garage | 3BR,2.5BA | $1.27 |
The Artisan | 2 bedroom apt PHASE II | 2BR,2BA | $1.37 |
Signature | The Secretariat | 2BR,2BA | $1.13 |
Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
1901 Apartment Homes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1.13 |
Davis Park Station - NOW Leasing! | One Bedroom | 1BR,1BA | $1.18 |
Preakness Apartments | P11 | 1BR,1BA | $1.07 |
Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.29 |
Trifecta on Red Mile | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1.66 |
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 LifestyleSt. Martins Village, Lexington, KY
Ranked #52
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in St. Martins Village, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Kentucky including St. Martins Village, Lexington, and the greater Lexington area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of 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 St. Martins Village Apartments
What is a cheap apartment in St. Martins Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in St. Martins Village is under $1,125.
What is the price of a cheap apartment in St. Martins Village?
The cheapest apartment in St. Martins Village is Caballo Crossing which is listed at $700, while the average apartment in St. Martins Village costs $1,735.
What types of apartments are the cheapest in St. Martins Village?
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 26 regular apartments in St. Martins Village 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 St. Martins Village?
Cheap apartments in St. Martins Village have an average cost of $368 which is $1,367 cheaper than the average rent for all rentals in St. Martins Village.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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.