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$610 - $3,3471 to 5 Bedroom Apartments Available Now
MidTown Apartments
201-203 Simpson AveLexington, KY 40504
Cheap Student Apartments for Rent in Lexington, KY from $400 (32 Rentals)
Student Housing Options in Lexington.
Cheap Apartments in Lexington.
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$625 - $1,020Studio to 3 Bedroom Apartments Contact Us For Availability
The Dawn Run Apartments
1800 Augusta CtLexington, KY 40505
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$739 - $1,5291 to 4 Bedroom Apartments Available Now
Latitude Lexington
524-525 Angliana AveLexington, KY 40508
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Rent Specials
$750 - $9452 to 4 Bedroom Apartments Contact Us For Availability
The Stretch
1051 Red Mile RdLexington, KY 40504
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$820 - $1,2401 to 3 Bedroom Apartments Available Jul 10
Limestone Square/Medical Villas
129 Transcript AveLexington, KY 40508
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Rent Specials
$825 - $850Studio to 6 Bedroom Apartments Available Aug 13
Kampus Properties STUDENT HOUSING
400-418 Aylesford PlLexington, KY 40508
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$899 - $1,3991 to 3 Bedroom Apartments Available Now
Barrel Oaks Apartments
249 E Reynolds RdLexington, KY 40517
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$949 - $1,5781 to 3 Bedroom Apartments Available Now
Vetra Lexington
4070 Victoria WayLexington, KY 40515
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.
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Rent Specials
$959 - $1,4491 to 4 Bedroom Apartments Available Aug 19
The Wyatt
497 S Angliana AveLexington, KY 40508
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$975 - $1,7251 to 2 Bedroom Apartments Available Now
Canter Pointe
3650 Tates Creek RdLexington, KY 40517
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$975 - $1,5251 to 3 Bedroom Apartments Available Now
Prime at Gardenside
2044 Georgian WayLexington, KY 40504
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$995 - $1,2951 to 2 Bedroom Apartments Available Now
Shillito Park Apartments
3500 Beaver Place RdLexington, KY 40503
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$1,000 - $1,705
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1 to 4 Bedroom Apartments Available Aug 15Total Monthly Price
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$1,000 - $1,705
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$1,000 - $1,705
Signature
840 Angliana AveLexington, KY 40508
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$1,166 - $2,6231 to 4 Bedroom Apartments Available Now
Saddlebrook at Tates Creek
3543 Tates Creek RdLexington, KY 40517
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$1,189 - $1,936
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,189 - $1,936
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$1,189 - $1,936
Emerald Twenty Four
1024 Greendale RdLexington, KY 40511
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$1,195 - $1,795
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Studio Apartments Available NowTotal Monthly Price
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$1,195 - $1,795
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$1,195 - $1,795
Studios180 - Short/Long Term Leases
180 N Martin Luther King BlvdLexington, KY 40507
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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Studio Apartments
Stonehurst Studios
256 Lyndhurst PlLexington, KY 40508
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Studio Apartments
140 Kentucky Ave
140 Kentucky AveLexington, KY 40502
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Studio Apartments
Kampus Terraces
317 Transylvania ParkLexington, KY 40508
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Studio Apartments
Kampus Heights
350 Linden WalkLexington, KY 40508
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Studio Apartments
Square
318 Transylvania ParkLexington, KY 40508
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1 Bedroom Apartments
Bluegrass Commons Bluegrass Commons
165 Virginia AveLexington, KY 40508
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1 Bedroom Apartments
Woodland Village
401-405 Woodland AveLexington, KY 40508
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1 Bedroom Apartments
426 E High St
426 E High StLexington, KY 40507
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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1 to 2 Bedroom Apartments
Medical View Properties
805 Press AveLexington, KY 40508
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Studio to 4 Bedroom Apartments
Hub Limestone
341 S LimestoneLexington, KY 40508
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1 to 3 Bedroom Apartments
Yugo Lexington Campus Court
935 Red Mile RdLexington, KY 40504
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Studio to 4 Bedroom Apartments
The Lex
521 S BroadwayLexington, KY 40508
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2 to 4 Bedroom Apartments
University Flats
1160 University DrLexington, KY 40526
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Studio to 4 Bedroom Apartments
Hub Lexington Upper
500 S Upper StLexington, KY 40508
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1 Bedroom Apartments
Medical Villas
180 Leader AveLexington, KY 40508
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Studio to 4 Bedroom Apartments
Hub Limestone
685 S LimestoneLexington, KY 40508
The Ultimate Lexington Student Housing Guide: Top Neighborhoods for Renting Near Major Universities
A local's guide to renting in Lexington, KY for university students. Explore top neighborhoods offering convenience, community, and great apartments near your campus.
Showing Results 1-32, Page 1 of 1
Lexington, KY Local Guide
How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington Studio Apartments | $1,170 | $589 | $2,259 |
| Lexington 1 Bedroom Apartments | $1,308 | $600 | $3,199 |
| Lexington 2 Bedroom Apartments | $1,556 | $805 | $7,999 |
| Lexington 3 Bedroom Apartments | $1,899 | $854 | $3,693 |
| Lexington 4 Bedroom Apartments | $1,342 | $739 | $2,450 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Lexington
Lexington, KY Local Guide
- Lexington Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lexington, KY Rentals by Map
See the most popular apartments and homes in Lexington, KY
Lexington, KY Area Reviews
Do you know the Lexington area?
Let everyone know!
Write a Review
Catrina • 4+ years in Lexington
March 15, 2026Lexington 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, 2025Lexington 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 $755.
What is the price of a cheap apartment in Lexington?
The cheapest apartment in Lexington is Caballo Crossing which is listed at $730, while the average apartment in Lexington costs $2,541.
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 1,583 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 $546 which is $1,995 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
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.
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.
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.
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.