Cheap Homes for Rent in Fayette County, KY from $600 (41 Rentals)

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

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.

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property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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property at 3009 Wavecrest Way

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 2.5 Bath Townhome for Rent

Available Jul 11

3009 Wavecrest Way

LexingtonKY40509

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

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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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. The Landing at Lex in the Boone Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. 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
The Landing at LexLand1.11BR,1BA$745
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
The Dawn Run ApartmentsStudio XLStudio,1BA$790
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$845

Best Value Apartments for Rent in Fayette County, KY

As of May 22, 2026 the best value apartment in the Fayette County area is the $0.53 price per square foot 525: 4 bed - 4.5 Bath Model at Latitude Lexington in the in the Downtown Lexington neighborhood starting from $774. The second greatest value Fayette County apartment is the 3 Bedroom 2.5 Bath Model at The Pines starting at $1,650 with a $1.17 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.
Latitude Lexington525: 4 bed - 4.5 Bath4BR,4.5BA$0.53
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.17
Patchen PlaceThree Bedroom3BR,2BA$1.24
Alcove at Russell Cave2 Bedroom 2 Bath2BR,2BA$1.21
Double Tree Apartments2 Bedroom Deluxe-Renovated2BR,1BA$1.18
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$1.21
The Landing at LexLand1.11BR,1BA$1.10
Preakness ApartmentsP111BR,1BA$1.12

Frequently Asked Questions about Fayette County

What type of rentals are currently available in Fayette County?

There are currently 1034 Apartments for Rent in Fayette County, KY with pricing that ranges from $625 to $11,123. There are also 186 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayette County ranging from $695 to $5,250.

What is the current price range for Rental Homes in Fayette County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fayette County ranges from $695 to $5,250 with an average monthly rent of $2,601.

How much are larger Three and Four Bedroom Rentals in Fayette County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fayette County range from $1,000 to $3,693, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $5,250. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $739.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.