Cheap Apartments for Rent in Fayette County, KY from $500 (216 Rentals)

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

property at 1921 Oxford Cir

$750 - $850

1 To 2 Bedroom Rentals

Available Now

1921 Oxford Cir

LexingtonKY40504

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

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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Navigating the Rental Market: Tips for First-Time Renters

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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
LongwoodJeffery2BR,2BA$730
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodJonahStudio,1BA$749
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$799
Matador North ApartmentsStudioStudio,1BA$800

Best Value Apartments for Rent in Fayette County, KY

As of December 30, 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 Bath Model at The Pines starting at $1,500 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hamburg FarmsB4 Stanton - 2 Bedroom, 3 Bathroom2BR,3BA$1.11
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
Richwood Bend - Affordable HousingThree Bedroom3BR,2BA$1.09
Overlook at Elkhorn Creek I3B2BA3BR,2BA$1.10
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$0.97
The Landing at LexLand2.152BR,1.5BA$1.05
Double Tree Apartments2 Bedroom Traditional2BR,1BA$1.11
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
Park VistaPV1.11BR,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 $620 at 1901 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 $730 at Longwood.

What is the most affordable Fayette County Three Bedroom Apartment?

The best deal on a cheap Fayette County Three Bedroom Apartment rental is at Twenty Two Twenty and starts from $1,000.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!