Cheap Apartments for Rent in the South Broadway Park Neighborhood of Lexington, KY from $600 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Broadway Park area of Lexington.

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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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
  • Utilities Included
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1340 Royalty Court
1 Bedroom Apartments

1340 Royalty Court

1340 Royalty CtLexington, KY 40504
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Medical Villas
1 Bedroom Apartments

Medical Villas

180 Leader AveLexington, KY 40508
Student Housing
  • Utilities Included

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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Showing Results 1-16, Page 1 of 1

South Broadway Park, Lexington, KY Local Guide

Cheapest Available South Broadway Park Apartments for Rent

 

The cheapest available apartment rental in the South Broadway Park area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $895. The Studios at Belmont - MAJOR UTILITIES INCL has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here are the most affordable South Broadway Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$895
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$935
The Axis at 1435StudioStudio,1BA$970
MidTown ApartmentsLimestone1BR,1BA$1,280
Gateway Lofts LexingtonYoungStudio,1BA$1,350

Best Value Apartments for Rent in South Broadway Park, KY

As of August 14, 2026 the best value apartment in the South Broadway Park area is the $1.63 price per square foot One Bedroom Model at Belmont Run Apartments in the in the Stonewall Community neighborhood starting from $1,125. The second greatest value South Broadway Park apartment is the Limestone Model at MidTown Apartments starting at $1,280 with a $2.67 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for South Broadway Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Belmont Run ApartmentsOne Bedroom1BR,1BA$1.63
MidTown ApartmentsLimestone1BR,1BA$2.67
Gateway Lofts LexingtonYoungStudio ,1BA$2.97
807 Press Ave, Unit 1807 Press Ave1BR,1BA$2.34
The Axis at 1435Studio CourtyardStudio ,1BA$2.58
VELO LexingtonFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$2.66
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio ,1BA$2.97

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
South Broadway Park, Lexington, KY

Ranked #58

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap South Broadway Park Apartments

What is a cheap apartment in South Broadway Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Broadway Park is under $1,350.

What is the price of a cheap apartment in South Broadway Park?

The cheapest apartment in South Broadway Park is VELO Lexington which is listed at $895, while the average apartment in South Broadway Park costs $1,462.

What types of apartments are the cheapest in South Broadway Park?

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 5 regular apartments in South Broadway Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Helpful Local Expert Guides

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Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

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Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington

Written by: Catrina Cowart

Hi, I'm Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky, and I'm happy to talk to you about some of the neighborhoods that I've found to be particularly charming in this small city.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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