
Cheap Apartments for Rent in Fayette County, KY from $500 (182 Rentals)
Search the lowest-cost Apartments available for rent right now in Fayette County.


Caballo Crossing

Eastland Hills Apartments

Rosetown Apartments

524 & 525 Angliana

Meadowthorpe Landing - Senior Housing

The Landing at Lex
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Preakness Apartments

Parkside Apts - Coming Soon!

1901 Apartment Homes

The Townhomes and Flats at Fontaine

Shorelake Apartments

Kampus Properties STUDENT HOUSING - 2024-'25

1005 N Broadway

921 N Broadway

Twenty Two Twenty

The Oasis at Kearney Creek - Senior 55+

Crystal Gardens
The Art of the Rental Viewing: What to look for during a property tour
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Park Vista

Tates Creek Crossings

Tates Creek Village

Lansdowne Apartments

1921 Oxford Cir
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Ferrill Square Apartments - 55+ Community

Crescent at Shadeland Apartments

The Crossings Apartment Homes

Polo Club Park - Senior/Affordable Housing

Kearney Ridge - Affordable Housing

Richwood Bend - Affordable Housing

Davis Park Station

1081 Cross Keys Rd

208 Lakeshore Dr
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Double Tree Apartments

Chelsea Apartments

Mt. Tabor Apartments

Harrods Point Apartments - Newly remodeled

1197 Appian Crossing Way

Senior Housing 55+ - Christian Towers II

Westchester on the Circle - NO VACANCY

The Champions at Bluegrass

4120 Victoria Way

The Callaway

The Axis at 1435
Fayette County, KY Local Guide

How much does it cost to rent an apartment in Fayette County?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fayette County Studio Apartments | $1,208 | $625 | $1,793 |
Fayette County 1 Bedroom Apartments | $1,305 | $610 | $4,026 |
Fayette County 2 Bedroom Apartments | $1,572 | $799 | $5,499 |
Fayette County 3 Bedroom Apartments | $1,831 | $875 | $7,443 |
Fayette County 4 Bedroom Apartments | $1,482 | $739 | $2,700 |
Browse Apartments in Fayette County
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Cheapest Available Fayette County Apartments for Rent
 The cheapest available apartment rental in Fayette County, KY is a Studio unit found at BelleFontaine Apartment Homes in the Boone Creek neighborhood priced from $685. Caballo Crossing in the Winburn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Fayette County apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
BelleFontaine Apartment Homes | 0-1 | Studio,1BA | $685 |
Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $700 |
Eastland Hills Apartments | 1 Bedroom | 1BR,1BA | $709 |
Oxford Circle | oxf 1.1 | 1BR,1BA | $735 |
524 & 525 Angliana | 524: 4 Bed - 4 Bath | 4BR,4BA | $739 |
The Landing at Lex | Land1.1 | 1BR,1BA | $745 |
VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
Cedarwood | The Bristol | Studio,1BA | $749 |
Preakness Apartments | P11 | 1BR,1BA | $750 |
Shorelake Apartments | Small 1 Bedroom | 1BR,1BA | $795 |
Best Value Apartments for Rent in Fayette County, KY
As of July 11, 2025 the best value apartment in the Fayette County area is the $1.03 price per square foot 3 Bedroom 2.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,550. The second greatest value Fayette County apartment is the The Starpine Model at EAGLE CREEK TOWNHOMES starting at $1,595 with a $1.06 price per square foot in the Boone Creek neighborhood. Here is today’s list of the best values for Fayette County apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Tates Creek Village | 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.03 |
EAGLE CREEK TOWNHOMES | The Starpine | 3BR,2.5BA | $1.06 |
The Pines | 3 Bedroom 2.5 Bath | 3BR,2.5BA | $1.07 |
The Stretch | Two Bedroom | 2BR,2BA | $0.88 |
Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
Yugo Lexington Campus Court | 2 Bed, 2 Bath Standard | 2BR,2BA | $0.89 |
The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $1.08 |
Twenty Two Twenty | 2 Bedrooms, 1.5 Bathrooms | 2BR,1.5BA | $0.95 |
Eastland Hills Apartments | 1 Bedroom | 1BR,1BA | $0.95 |
The Landing at Lex | Land1.1 | 1BR,1BA | $1.10 |
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 $795.
What is the price of a cheap apartment in Fayette County?
The cheapest apartment in Fayette County is Caballo Crossing which is listed at $700, while the average apartment in Fayette County costs $3,872.
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 35 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 $581 which is $3,291 cheaper than the average rent for all rentals in Fayette County.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.