Cheap Apartments for Rent in Lexington, KY from $400 with Air Conditioning (126 Rentals) Page 2 of 3

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

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Barrel Oaks Apartments
Rent Specials
$969 - $1,399
Total Monthly Price

Total Monthly Price

Base Rent
$969 - $1,399
Total Monthly Price
$969 - $1,399
1 to 3 Bedroom Apartments Available Now

Barrel Oaks Apartments

249 E Reynolds RdLexington, KY 40517
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Axis at 1435
$970 - $1,125
Total Monthly Price

Total Monthly Price

Base Rent
$830 - $985
Required Monthly Fees
$140
Total Monthly Price
$970 - $1,125
Studio to 1 Bedroom Apartments Available Jun 1

The Axis at 1435

1435 Nicholasville RdLexington, KY 40503
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Landing at Malabu
$975
Total Monthly Price

Total Monthly Price

Base Rent
$855
Required Monthly Fees
$120
Total Monthly Price
$975
1 Bedroom Apartments Available May 8

Landing at Malabu

848 Malabu DrLexington, KY 40502
Affordability
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  • Customer Reviewed
  • 3D Tour

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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Shillito Park Apartments
$995 - $1,295
Total Monthly Price

Total Monthly Price

Base Rent
$941 - $1,241
Required Monthly Fees
$54
Total Monthly Price
$995 - $1,295
1 to 2 Bedroom Apartments Available Now

Shillito Park Apartments

3500 Beaver Place RdLexington, KY 40503
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Creeks on Kirklevington
$1,001 - $2,034
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,932
Required Monthly Fees
$102
Total Monthly Price
$1,001 - $2,034
Studio to 2 Bedroom Apartments Available Now

Creeks on Kirklevington

3050 Kirklevington DrLexington, KY 40517
Affordability
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  • Customer Reviewed
  • 3D Tour
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The Colony at the Oaks
$1,036 - $1,753
Total Monthly Price

Total Monthly Price

Base Rent
$854 - $1,571
Required Monthly Fees
$182
Total Monthly Price
$1,036 - $1,753
1 to 2 Bedroom Apartments Available Now

The Colony at the Oaks

385 Redding RdLexington, KY 40517
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income
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Flats at Beaumont
Rent Specials
$1,095 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$620 - $920
Required Monthly Fees
$475
Total Monthly Price
$1,095 - $1,395
Studio to 2 Bedroom Apartments Available Now

Flats at Beaumont

2170 Fort Harrods DrLexington, KY 40513
Furnished
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  • Customer Reviewed
  • Smoke Free
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The Paddock Apartments
$1,125 - $1,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,265
Total Monthly Price
$1,125 - $1,265
1 to 2 Bedroom Apartments Available Apr 10

The Paddock Apartments

416 Hollow Creek RdLexington, KY 40511
Affordability
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  • Customer Reviewed
  • Utilities Included
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Landing at Tates Creek
$1,145 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$940 - $1,590
Required Monthly Fees
$205
Total Monthly Price
$1,145 - $1,795
1 to 3 Bedroom Apartments Available Now

Landing at Tates Creek

3565 Tates Creek RdLexington, KY 40517
Family Friendly
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  • Customer Reviewed
  • 3D Tour
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Emerald Twenty Four
Rent Specials
$1,189 - $1,936
Total Monthly Price

Total Monthly Price

Base Rent
$1,189 - $1,936
Total Monthly Price
$1,189 - $1,936
Studio to 3 Bedroom Apartments Available Now

Emerald Twenty Four

1024 Greendale RdLexington, KY 40511
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Hartford Place
Studio to 2 Bedroom Apartments

Hartford Place

1598 Martha CtLexington, KY 40505
  • Utilities Included
Showing Results 51-100, Page 2 of 3

Lexington, KY Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Catrina • 4+ years in Lexington

March 15, 2026

Lexington is a great place to live, and depending on which part of the city you choose, it can be good for students, families, private individuals, people who want to be close to shopping, etc. The sky is the limit in Lexington for foodies, and if you enjoy Bourbon, this is the place to be. Traffic is abysmal at certain times of the day (especially inside the circle) but if you can drive outside rush hours, you'll be fine.

Catrina • 4+ years in Lexington

February 25, 2025

Lexington is a great place for people of all types. It is, interestingly, highly bilingual, with many Spanish-speaking residents. Public transportation throughout Lexington is not the best, and the cost of living has skyrocketed in recent years. That being said, it is very safe for a city, and while I've experienced petty theft twice, both times were because I had left my vehicle unlocked at an apartment complex. The outdoor areas are beautiful here, and there are more restaurants than you'd know what to do with. Overall, you get modern amenities with a southern touch.

Frequently Asked Questions about Cheap Lexington Apartments

What is a cheap apartment in Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lexington is under $750.

What is the price of a cheap apartment in Lexington?

The cheapest apartment in Lexington is 1901 Apartment Homes which is listed at $620, while the average apartment in Lexington costs $2,564.

What types of apartments are the cheapest in Lexington?

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 1,642 regular apartments in Lexington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lexington?

Cheap apartments in Lexington have an average cost of $559 which is $2,005 cheaper than the average rent for all rentals in Lexington.

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

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.

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.