Cheap Apartments for Rent in the Ashland Park Neighborhood of Lexington, KY from $400 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Ashland Park area of Lexington.

property at 261 Lyndhurst Pl

$669 - $739

Studio To 1 Bedroom Rentals

Available Now

261 Lyndhurst Pl

LexingtonKY40508

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included
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Dinsmore Pointe
1 Bedroom Apartments

Dinsmore Pointe

2248-2256 Dinsmore DrLexington, KY 40502
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Lakeview Estates
1 to 2 Bedroom Apartments

Lakeview Estates

164 Lakeshore DrLexington, KY 40502
  • Utilities Included
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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing
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3Fifty8
Studio to 1 Bedroom Apartments

3Fifty8

358 B Duke RdLexington, KY 40502
  • Utilities Included
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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508
Student Housing
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The Landing at Lex
1 to 2 Bedroom Apartments

The Landing at Lex

2066-2082 Fairmont CtLexington, KY 40502
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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
Student Housing
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Forest View Apartments
1 to 2 Bedroom Apartments

Forest View Apartments

2035 Altamont CtLexington, KY 40502
  • Utilities Included
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Rose Tower Apartments
1 Bedroom Apartments

Rose Tower Apartments

137 Rose StLexington, KY 40507
Corporate Housing
  • Utilities Included
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Kampus Townhouses
2 Bedroom Apartments

Kampus Townhouses

429-460 E Euclid AveLexington, KY 40508
Student Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Kampus Park
2 Bedroom Apartments

Kampus Park

400 Transylvania ParkLexington, KY 40508
Student Housing
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271 Lexington Ave
2 Bedroom Apartments

271 Lexington Ave

271 Lexington AveLexington, KY 40508
Student Housing

Ashland Park, Lexington, KY Local Guide

Cheapest Available Ashland Park Apartments for Rent

 

The cheapest available apartment rental in the Ashland Park area of Lexington, KY is a Studio unit found at BelleFontaine Apartment Homes priced from $685. The Landing at Lex has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Ashland Park apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
The Landing at LexLand1.11BR,1BA$745
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
The Oaks at Woodland1 Bed, 1 bath1BR,1BA$1,071
Lexington SquareCypress1BR,1BA$1,100

Best Value Apartments for Rent in Ashland Park, KY

As of May 24, 2026 the best value apartment in the Ashland Park area is the $1.67 price per square foot 326 E High St Model at 326 E High St, Unit 2 in the in the Northside Historic Residential neighborhood starting from $1,500. The second greatest value Ashland Park apartment is the Cypress Model at Lexington Square starting at $1,100 with a $1.57 price per square foot in the Lansdowne neighborhood. Here is today’s list of the best values for Ashland Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
326 E High St, Unit 2326 E High St3BR,1BA$1.67
Lexington SquareCypress1BR,1BA$1.57
The Landing at LexLand1.11BR,1BA$1.10
The Oaks at Woodland1 Bed, 1 bath1BR,1BA$1.79
BelleFontaine Apartment Homes1-11BR,1BA$1.60
Townhomes & Flats at FontaineBuilding CStudio ,1BA$2.39

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Ashland Park, Lexington, KY

Ranked #80

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Ashland Park Apartments

What is the price of a cheap apartment in Ashland Park?

The cheapest apartment in Ashland Park is BelleFontaine Apartment Homes which is listed at $735, while the average apartment in Ashland Park costs $1,506.

What types of apartments are the cheapest in Ashland Park?

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 regular apartments in Ashland Park 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 Ashland Park?

Cheap apartments in Ashland Park have an average cost of $157 which is $1,349 cheaper than the average rent for all rentals in Ashland Park.

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.

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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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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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