
Cheap Apartments for Rent in Lexington, KY from $540 (249 Rentals) Page 5 of 5
Search the lowest-cost Apartments available for rent right now in Lexington.


The Heights, LLC

Derby Pointe

1340 Royalty Court

VAT1851

Whitney Woods

Fox Run Apartments

Malabu Terrace Condominiums

Rose Tower Apartments

Central Christian Church Apartments

Christian Tpwers

Ashland Apartments - NEW Renovations

Park Hills Apartments

University Flats

Townley Park East

Alcove at Russell Cave

Lincoln Terrace Apartments

524 W Third St

Preserve Lexington

Medical Villas

The Colony at the Oaks

Oakdale Apartments

Merrick Place

Kampus Townhouses

Kampus Park

Cottages of Laclede

271 Lexington Ave

620 N Limestone

Windsor Place Apartments

312 E Main St

Meadowood Apartments

Total Monthly Price
Southern Oaks Apartments - Income Restricted

311 N Hamilton St

Pine Tree Path

Total Monthly Price
Amerson Orchard Apartments

SpringView Apartments

Total Monthly Price
Imperial Pointe

Overlook at Elkhorn Creek

Georgetown Oaks Apartments

The MarQ

Legacy Lake Apartments

121 N Brand St

Colts Crossing

Bourbon Hills

406 Highland Ave

Total Monthly Price
140 E Main St

Chatham Townhomes

Elk River

Crown Pointe
Lexington, KY Local Guide

How much does it cost to rent an apartment in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Lexington Studio Apartments | $1,217 | $540 | $1,855 |
| Cheap Lexington 1 Bedroom Apartments | $1,308 | $665 | $3,237 |
| Cheap Lexington 2 Bedroom Apartments | $1,584 | $895 | $5,950 |
| Cheap Lexington 3 Bedroom Apartments | $1,880 | $815 | $4,191 |
| Cheap Lexington 4 Bedroom Apartments | $1,415 | $799 | $2,900 |
Browse Top Apartments in Lexington
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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 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 $865.
What is the price of a cheap apartment in Lexington?
The cheapest apartment in Lexington is BelleFontaine Apartment Homes which is listed at $735, while the average apartment in Lexington costs $1,354.
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 1,555 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 $710 which is $644 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

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

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.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.