
Cheap Apartments for Rent in Lexington, KY from $500 with Washer/Dryer (115 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in Lexington.


Cottages of Laclede

271 Lexington Ave

418 N Broadway St, Unit 3

308 Laval Hts, Unit #1

Overlook at Elkhorn Creek

The MarQ

Amerson Orchard Apartments

Springview Apartments

Georgetown Oaks Apartments

Bourbon Hills

Legacy Lake Apartments

Southern Oaks Apartments - Income Restricted

Crown Pointe - NEWLY Renovated!

Aberdine Place
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 | $1,077 | $625 | $1,745 |
| Lexington 1 Bedroom Apartments | $1,230 | $610 | $3,199 |
| Lexington 2 Bedroom Apartments | $1,500 | $820 | $5,699 |
| Lexington 3 Bedroom Apartments | $1,898 | $854 | $3,650 |
| Lexington 4 Bedroom Apartments | $1,513 | $739 | $3,600 |
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 $760.
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 $2,751.
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 1,783 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 $662 which is $2,089 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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.