
Cheap Apartments for Rent in Lexington, KY from $500 with Washer/Dryer (114 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Lexington.


The Life at Lexington

Patchen Oaks

Total Monthly Price
Preserve Lexington

MAA Lakepointe

The Flats at 345

Total Monthly Price
Emerald Twenty Four

Brighton 3050

Stoney Brooke Apartments

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

Bridle Creek Apartments

Total Monthly Price
Springs At Hamburg

Artek Lofts

Hideaway

Reserve at Hamburg

Total Monthly Price
The Artisan

1809 at Winchester

Colts Run

FIFTEEN51 Apartments of Lexington

508 W 2nd St

Rabbit Run Apartments

rmLexington

Total Monthly Price
The Village at Great Acres

The Resort At Lake Crossing

Park Plaza Apartments

Ashton Park Apartments

175 Malabu Dr

Wood Edge Villas

Victory Point Apartments & Townhomes

2173 Cypress Dr

Malabu Bridge Condos

3Fifty8

St Martin Villa

Covington Place

Stableview

Romany Road Apartments

Hamburg Senior Residence

The Village at Richmond Woods

Forest Creek Apartments

330 Newtown Apartments

Lexington Villas

Central Christian Church Apartments

University Flats

Townley Park East

Merrick Place

Lincoln Terrace Apartments

Saddle Run Townhomes

Chinoe Creek

Oakdale Apartments

Cottages of Laclede
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 | $1,113 | $525 | $2,450 |
| Lexington 1 Bedroom Apartments | $1,293 | $620 | $4,366 |
| Lexington 2 Bedroom Apartments | $1,505 | $820 | $5,699 |
| Lexington 3 Bedroom Apartments | $1,851 | $854 | $3,650 |
| Lexington 4 Bedroom Apartments | $1,477 | $739 | $3,550 |
Explore Lexington
Lexington, KY Area Reviews
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 $770.
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 $2,656.
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 2,248 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 $692 which is $1,964 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.

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.

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.