Cheap Apartments for Rent in Fayette County, KY from $500 (192 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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 ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Preakness ApartmentsP111BR,1BA$715
Oxford Circleoxf 1.11BR,1BA$735
The Landing at LexLand1.11BR,1BA$745
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodThe BristolStudio,1BA$749
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
1901 Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$755
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805

Best Value Apartments for Rent in Fayette County, KY

As of June 24, 2025 the best value apartment in the Fayette County area is the $1.11 price per square foot B4 Stanton - 2 Bedroom, 3 Bathroom Model at Hamburg Farms in the in the Liberty Area neighborhood starting from $1,831. The second greatest value Fayette County apartment is the 3 Bedroom 2.5 Bathroom Model at Tates Creek Village starting at $1,550 with a $1.03 price per square foot in the Lansdowne 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.
Hamburg FarmsB4 Stanton - 2 Bedroom, 3 Bathroom2BR,3BA$1.11
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
The StretchTwo Bedroom2BR,2BA$0.88
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Double Tree Apartments2 Bedroom Traditional-Renovated2BR,1BA$1.11
Park VistaPV1.11BR,1BA$1.12
The Landing at LexLand1.11BR,1BA$1.10
Preakness ApartmentsP111BR,1BA$1.07

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 $805.

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 $3,672.

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 26 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 $795 which is $2,877 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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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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.