Cheap Apartments for Rent in Fayette County, KY from $500 (226 Rentals)

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

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Cedarwood
$749 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$704 - $1,154
Required Monthly Fees
$45
Total Monthly Price
$749 - $1,199
Studio to 2 Bedroom Apartments Available Now

Cedarwood

180 Codell DrLexington, KY 40509
Senior Living
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  • 3D Tour
property at 1921 Oxford Cir

$750 - $850

1 To 2 Bedroom Rentals

Available Now

1921 Oxford Cir

LexingtonKY40504

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Townhomes & Flats at Fontaine
$800 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$261 - $956
Required Monthly Fees
$539
Total Monthly Price
$800 - $1,495
Studio to 2 Bedroom Apartments Available Mar 6

Townhomes & Flats at Fontaine

2160 Fontaine RdLexington, KY 40502
Pet Friendly
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Matador North Apartments
$800 - $1,325
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,325
Total Monthly Price
$800 - $1,325
Studio to 3 Bedroom Apartments Available Now

Matador North Apartments

1053 Winburn DrLexington, KY 40511
Affordability
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Landing at Malabu
$895 - $945
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $825
Required Monthly Fees
$120
Total Monthly Price
$895 - $945
1 Bedroom Apartments Available Now

Landing at Malabu

848 Malabu DrLexington, KY 40502
Affordability
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  • 3D Tour

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.

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Flats at Turfland
$895 - $945
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $825
Required Monthly Fees
$120
Total Monthly Price
$895 - $945
1 Bedroom Apartments Available Now

Flats at Turfland

2315 Harrodsburg RdLexington, KY 40504
Affordability
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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 Callaway
Rent Specials
$920 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,178
Required Monthly Fees
$21
Total Monthly Price
$920 - $1,199
1 to 2 Bedroom Apartments Available Now

The Callaway

3745 Camelot DrLexington, KY 40517
Corporate Housing
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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 Now

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
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  • Utilities Included

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Showing Results 1-50, Page 1 of 5

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. BelleFontaine Apartment Homes in the Boone Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $685. 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
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
LongwoodJeffery2BR,2BA$730
The Landing at LexLand1.11BR,1BA$745
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodJonahStudio,1BA$749
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$765

Best Value Apartments for Rent in Fayette County, KY

As of February 22, 2026 the best value apartment in the Fayette County area is the $0.76 price per square foot Estate Home Model at Saddlebrook at Tates Creek in the in the The Meadows At Brannon Crossing neighborhood starting from $2,600. The second greatest value Fayette County apartment is the House Model at MidTown Apartments starting at $1,445 with a $0.92 price per square foot in the Montclair 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.
Saddlebrook at Tates CreekEstate Home4BR,5BA$0.76
MidTown ApartmentsHouse4BR,4BA$0.92
EAGLE CREEK TOWNHOMESThe Starpine3BR,2.5BA$1.07
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
Victory Point Apartments & Townhomes3 Bed Townhome New Construction3BR,2.5BA$0.91
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$0.97
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$0.93

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 $765.

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 $5,000.

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 150 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 $588 which is $4,412 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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