
Cheap Apartments for Rent in Lexington, KY from $400 with Washer/Dryer (94 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Lexington.


Bridle Creek Apartments

Total Monthly Price
Trifecta on Red Mile - Newly Renovated!

Flats at Beaumont

The Reserve At Merrick

Saddle Run Townhomes

Reserve at Hamburg

Landing at Tates Creek

227 E 7th St

The Flats at 345
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

MAA Mansion

Artek Lofts

Total Monthly Price
Emerald Twenty Four

Wood Edge Villas

Victory Point Apartments & Townhomes

2173 Cypress Dr

Malabu Bridge Condos

3Fifty8

St Martin Villa

Stableview
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

Covington Place

Romany Road Apartments

Hamburg Senior Residence

The Village at Richmond Woods

Forest Creek Apartments

330 Newtown Apartments

Central Christian Church Apartments

Merrick Place

University Flats

Townley Park East

Lincoln Terrace Apartments

Oakdale Apartments

Lexington Villas

311 N Hamilton St

Total Monthly Price
Amerson Orchard Apartments

Overlook at Elkhorn Creek

Total Monthly Price
Imperial Pointe

Springview Apartments

Meadowood Apartments

Bourbon Hills

Georgetown Oaks Apartments

The MarQ

Legacy Lake Apartments

Southern Oaks Apartments - Income Restricted
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 | $1,187 | $625 | $2,251 |
| Lexington 1 Bedroom Apartments | $1,301 | $620 | $3,199 |
| Lexington 2 Bedroom Apartments | $1,553 | $820 | $7,999 |
| Lexington 3 Bedroom Apartments | $1,898 | $854 | $3,627 |
| Lexington 4 Bedroom Apartments | $1,503 | $739 | $2,800 |
Explore Lexington
Lexington, KY Area Reviews
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 the Cheapest Studio apartment in Lexington?
Currently the most affordable Cheap Studio Apartment in Lexington is at BelleFontaine Apartment Homes listed at $685.
How much is rent for a Cheap One Bedroom Lexington Apartment?
The lowest price for a Cheap One Bedroom Lexington Apartment is $620 at 1901 Apartment Homes.
What is the lowest price for a Cheap Two Bedroom Lexington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lexington is starting from $730 at Longwood.
What is the most affordable Lexington Three Bedroom Apartment?
The best deal on a cheap Lexington Three Bedroom Apartment rental is at Twenty Two Twenty and starts from $1,000.
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.
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.

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.