Cheap Apartments for Rent in the Ashland Neighborhood of Lexington, KY from $600 (33 Rentals)

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

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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The Ascent1555
Rent Specials
$925 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,345
Total Monthly Price
$925 - $1,345
Studio to 2 Bedroom Apartments Available Now

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
  • Verified
  • Customer Reviewed
  • 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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-33, Page 1 of 1

Ashland, Lexington, KY Local Guide

Cheapest Available Ashland Apartments for Rent

 

The cheapest available apartment rental in the Ashland area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. Townhomes & Flats at Fontaine has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Ashland apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$859
Raintree ApartmentsWillow - A11BR,1BA$874
Double Tree ApartmentsStudioStudio,1BA$875
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
Stoney Brooke ApartmentsAshland - Renovated1BR,1BA$910
The Champion at Bluegrass ApartmentsSeattle Slew1BR,1BA$923
The Ascent1555Renovated StudioStudio,1BA$925
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$975

Best Value Apartments for Rent in Ashland, KY

As of April 29, 2026 the best value apartment in the Ashland area is the $1.07 price per square foot 3 Bedroom 2.5 Bath Model at The Pines in the in the Boone Creek neighborhood starting from $1,500. The second greatest value Ashland apartment is the Nyquist Model at The Champion at Bluegrass Apartments starting at $1,531 with a $1.42 price per square foot in the Boone Creek neighborhood. Here is today’s list of the best values for Ashland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
The Champion at Bluegrass ApartmentsNyquist3BR,2BA$1.42
MAA LakepointeRed Hill2BR,2BA$1.38
Lakewood Park Apartments1BR/1.0BA1BR,1BA$1.42
Prime Hamburg ApartmentsElite 2 BR2BR,1BA$1.19
Stoney Brooke ApartmentsSomerset - Renovated2BR,1BA$1.36
Patchen Place Apartments1 Bedroom Townhome W/D In-Unit1BR,1BA$1.40
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.34
The Life at LexingtonCypress1BR,1BA$1.57
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$1.48

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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, Lexington, KY

Ranked #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Ashland Apartments

What is a cheap apartment in Ashland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ashland is under $975.

What is the price of a cheap apartment in Ashland?

The cheapest apartment in Ashland is VELO Lexington which is listed at $745, while the average apartment in Ashland costs $3,345.

What types of apartments are the cheapest in Ashland?

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 18 regular apartments in Ashland 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?

Cheap apartments in Ashland have an average cost of $930 which is $2,415 cheaper than the average rent for all rentals in Ashland.

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

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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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

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

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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.