
Cheap Studio Apartments for Rent in Lexington, KY from $485 (35 Rentals)


The Dawn Run Apartments

Townhomes & Flats at Fontaine

The Ascent1555
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Crescent at Shadeland Apartments

Double Tree Apartments

The Studios at Belmont - MAJOR UTILITIES INCL

Harrods Point Apartments - Newly remodeled

Tates Creek Village

Creeks on Kirklevington

The Studios at Patchen - FREE Utilities

Emerald Twenty Four

Studios180 - Short/Long Term Leases
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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 | $485 | $2,112 |
Lexington 1 Bedroom Apartments | $1,274 | $610 | $3,293 |
Lexington 2 Bedroom Apartments | $1,530 | $805 | $4,699 |
Lexington 3 Bedroom Apartments | $1,858 | $854 | $5,080 |
Lexington 4 Bedroom Apartments | $1,956 | $739 | $3,394 |
Explore Lexington

Lexington, KY Local Guide
- Lexington Neighborhoods
- Nearby Cities
- ZIP codes
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Quick 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.
Pet Friendly LifestyleLexington, KY
Ranked #3
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
Getting Around Lexington, KY
Walk Score®
58 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
Transit Score®
38 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $840.
What is the price of a cheap apartment in Lexington?
The cheapest apartment in Lexington is Longwood which is listed at $635, while the average apartment in Lexington costs $2,624.
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 1,096 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 $1,077 which is $1,547 cheaper than the average rent for all rentals in Lexington.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

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