Cheap Apartments for Rent in Fayette County, KY from $540 (226 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
close
View Me
The Ascent1555
Rent Specials
$975 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,395
Total Monthly Price
$975 - $1,395
Studio to 2 Bedroom Apartments Available Now

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
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 Studio unit found at BelleFontaine Apartment Homes in the Boone Creek neighborhood priced from $685. Preakness Apartments in the Beaumont Residential neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Fayette County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Meadowthorpe Landing - Senior HousingOne Bedroom1BR,1BA$770
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$775
The Dawn Run ApartmentsStudio XLStudio,1BA$790
Imperial3 Beds, 2 Baths3BR,2BA$796
Valore at the Baxter1 Bed | 1 Bath1BR,1BA$799
109 Withers Ave1 Beds, 1 Baths1BR,1BA$825

Best Value Apartments for Rent in Fayette County, KY

As of August 21, 2026 the best value apartment in the Fayette County area is the $1.07 price per square foot The Starpine Model at EAGLE CREEK TOWNHOMES in the in the Boone Creek neighborhood starting from $1,605. The second greatest value Fayette County apartment is the WYATT-4 Model at The Wyatt starting at $959 with a $0.65 price per square foot in the Downtown Lexington 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.
EAGLE CREEK TOWNHOMESThe Starpine3BR,2.5BA$1.07
The WyattWYATT-44BR,4BA$0.65
Saddle Run TownhomesPasadena2BR,1.5BA$0.96
Shillito Park Apartments2 Bed 2 Bath2BR,2BA$1.15
Imperial3 Beds, 2 Baths3BR,2BA$0.83
Park VistaPV2.12BR,1BA$0.97
Malabu Terrace Condominiums1 Beds, 1 Baths1BR,1BA$1.02
2220 Apartments2BR - 1.5BTH2BR,1.5BA$1.12
Parkside Apartments2 Bedroom2BR,1BA$1.13
Preakness ApartmentsP111BR,1BA$1.12

Frequently Asked Questions about Cheap Fayette County Apartments

What is the Cheapest Studio apartment in Fayette County?

Currently the most affordable Cheap Studio Apartment in Fayette County is at BelleFontaine Apartment Homes listed at $685.

How much is rent for a Cheap One Bedroom Fayette County Apartment?

The lowest price for a Cheap One Bedroom Fayette County Apartment is $735 at BelleFontaine Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Fayette County Apartment for rent?

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

What is the most affordable Fayette County Three Bedroom Apartment?

The best deal on a cheap Fayette County Three Bedroom Apartment rental is at Imperial and starts from $796.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.