Cheap Apartments for Rent in Fayette County, KY from $400 (192 Rentals)

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Search the lowest-cost Apartments available for rent right now in Fayette County.

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property at 402 Gunn St

$900 - $1,025

1 Bedroom Rentals

Available Now

402 Gunn St

LexingtonKY40508
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The Ascent1555
Rent Specials
$925 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,345
Total Monthly Price
$925 - $1,345
Studio to 2 Bedroom Apartments Available Apr 10

The Ascent1555

1555 Eastland PkyLexington, KY 40505
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Cheapest Available Fayette County Apartments for Rent

 

The cheapest available apartment rental in Fayette County, KY is a 1 Bed unit found at 1901 Apartment Homes in the Beaumont Residential neighborhood priced from $620. The Dawn Run Apartments in the Eastland Parkway neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Fayette County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$620
The Dawn Run ApartmentsStudio SMStudio,1BA$625
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$730
LongwoodJeffery2BR,2BA$730
The Landing at LexLand1.11BR,1BA$745
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodJonahStudio,1BA$749
Prime Hamburg ApartmentsStudioStudio,1BA$750
Preakness ApartmentsP111BR,1BA$750

Best Value Apartments for Rent in Fayette County, KY

As of April 08, 2026 the best value apartment in the Fayette County area is the $1.07 price per square foot 3 Bedroom 2.5 Bath Model at The Pines in the in the Boone Creek neighborhood starting from $1,500. The second greatest value Fayette County apartment is the Guadalupe Model at Saddle Run Townhomes starting at $1,135 with a $1.06 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Fayette County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
Saddle Run TownhomesGuadalupe2BR,1.5BA$1.06
2204 Winterberry Dr, Unit Side A2204 Winterberry Dr2BR,1BA$1.11
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
The Dawn Run Apartments2x1 SM2BR,1BA$1.08
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.97
Park VistaPV1.11BR,1BA$1.12
The Landing at LexLand1.11BR,1BA$1.10
Preakness ApartmentsP111BR,1BA$1.12

Frequently Asked Questions about Cheap Fayette County Apartments

What is a cheap apartment in Fayette County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fayette County is under $750.

What is the price of a cheap apartment in Fayette County?

The cheapest apartment in Fayette County is 1901 Apartment Homes which is listed at $620, while the average apartment in Fayette County costs $5,200.

What types of apartments are the cheapest in Fayette County?

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 94 regular apartments in Fayette County 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 Fayette County?

Cheap apartments in Fayette County have an average cost of $458 which is $4,742 cheaper than the average rent for all rentals in Fayette County.

Expert Rental Resources

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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