Cheap Homes for Rent in Fayette County, KY from $700 (44 Rentals)

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

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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property at 3573 Laredo Dr

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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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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property at 161 Preston Ave

161 Preston Ave

LexingtonKY40502

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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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. Longwood in the Boone Creek neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $730. 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
LongwoodJeffery2BR,2BA$730
The Landing at LexLand1.11BR,1BA$745
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodJonahStudio,1BA$749
Preakness ApartmentsP111BR,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
515 S Upper StNear CampusStudio,1BA$825

Best Value Apartments for Rent in Fayette County, KY

As of September 19, 2025 the best value apartment in the Fayette County area is the $1.07 price per square foot 3 Bedroom 2.5 Bath Model at The Pines in the in the Boone Creek neighborhood starting from $1,500. The second greatest value Fayette County apartment is the 2 Bedroom 1.5 Bathroom Model at Tates Creek Village starting at $1,050 with a $0.88 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.
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
Tates Creek Village2 Bedroom 1.5 Bathroom2BR,1.5BA$0.88
The StretchTwo Bedroom2BR,2BA$0.88
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Double Tree Apartments2 Bedroom2BR,1BA$1.06
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$1.09
Park VistaPV1.11BR,1BA$1.12
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 1026 Apartments for Rent in Fayette County, KY with pricing that ranges from $610 to $4,700. There are also 180 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayette County ranging from $725 to $6,000.

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 $725 to $6,000 with an average monthly rent of $2,702.

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 $899 to $3,803, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $739.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.