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$625 - $1,020Studio to 3 Bedroom Apartments Available Now
The Dawn Run Apartments
1800 Augusta CtLexington, KY 40505
Cheap Student Apartments for Rent in Lexington, KY from $400 (29 Rentals)
Student Housing Options in Lexington.
Cheap Apartments in Lexington.
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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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$750 - $9302 to 4 Bedroom Apartments Contact Us For Availability
The Stretch
1051 Red Mile RdLexington, KY 40504
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$820 - $1,2402 to 3 Bedroom Apartments Available Jul 10
Limestone Square/Medical Villas
129 Transcript AveLexington, KY 40508
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$825 - $850Studio to 6 Bedroom Apartments Available Aug 13
Kampus Properties STUDENT HOUSING
400-418 Aylesford PlLexington, KY 40508
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$899 - $3,3451 to 5 Bedroom Apartments Available Now
MidTown Apartments
201-203 Simpson AveLexington, KY 40504
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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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$995 - $1,2951 to 2 Bedroom Apartments Available Now
Shillito Park Apartments
3500 Beaver Place RdLexington, KY 40503
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$1,035 - $1,740
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1 to 4 Bedroom Apartments Available Aug 15Total Monthly Price
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$1,035 - $1,740
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$1,035 - $1,740
Signature
840 Angliana AveLexington, KY 40508
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$1,189 - $1,936
Total Monthly Price
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
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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
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
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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Studio to 4 Bedroom Apartments
The Lex
521 S BroadwayLexington, 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
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.
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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
Campus Court Lexington
935 Red Mile RdLexington, KY 40504
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1 to 4 Bedroom Apartments
Prime at Gardenside
2044 Georgian WayLexington, KY 40504
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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
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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Studio to 4 Bedroom Apartments
Hub Limestone
685 S LimestoneLexington, KY 40508
Showing Results 1-29, 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 | $1,166 | $525 | $2,430 |
| Lexington 1 Bedroom Apartments | $1,533 | $695 | $10,000+ |
| Lexington 2 Bedroom Apartments | $1,580 | $805 | $7,999 |
| Lexington 3 Bedroom Apartments | $1,887 | $854 | $4,399 |
| Lexington 4 Bedroom Apartments | $1,481 | $739 | $2,900 |
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
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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.
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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.
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!
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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 $799.
What is the price of a cheap apartment in Lexington?
The cheapest apartment in Lexington is Courtside Apartments which is listed at $725, while the average apartment in Lexington costs $2,381.
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 832 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 $668 which is $1,713 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.
Helpful Local Expert Guides
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.
The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.
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.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.