Cheap Homes for Rent in Fayette County, KY from $600 (50 Rentals)

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Search the lowest-cost Homes 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.

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property at 470 Anniston Dr

$1,143

Total Monthly Price

Total Monthly Price

Base Rent
$1,143
Total Monthly Price
$1,143

2 Bedroom, 1 Bath Townhome for Rent

Available Now

470 Anniston Dr

LexingtonKY40505

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.

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property at 2121 Nicholasville Rd

$1,180

Total Monthly Price

Total Monthly Price

Base Rent
$1,180
Total Monthly Price
$1,180

1 Bedroom, 1 Bath Condo for Rent

Available Now

2121 Nicholasville Rd, Unit 801

2121 Nicholasville Rd
LexingtonKY40503
property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517
property at 616 Bellaire Ave

$1,050 - $1,300

1 To 2 Bedroom Rentals

Available Now

616 Bellaire Ave

LexingtonKY40508

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.

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property at 1359 Dix Dr

$1,325

3 Bedroom Rentals

Available Sep 1

1359 Dix Dr

LexingtonKY40517

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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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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Showing Results 1-50, Page 1 of 1

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
Imperial3 Beds, 2 Baths3BR,2BA$796
Valore at the Baxter1 Bed | 1 Bath1BR,1BA$799
109 Withers Ave1 Beds, 1 Baths1BR,1BA$825
Lansdowne ApartmentsSmall 1BR/1BA1BR,1BA$865

Best Value Apartments for Rent in Fayette County, KY

As of August 20, 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
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
The Dawn Run Apartments1x1 + Den1BR,1BA$1.03
Parkside Apartments2 Bedroom2BR,1BA$1.13
Preakness ApartmentsP111BR,1BA$1.12

Frequently Asked Questions about Fayette County

What type of rentals are currently available in Fayette County?

There are currently 1041 Apartments for Rent in Fayette County, KY with pricing that ranges from $540 to $6,250. There are also 221 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fayette County ranging from $695 to $4,999.

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 $4,999 with an average monthly rent of $1,876.

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 $815 to $4,205, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $4,999. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $799.

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.