Cheap Apartments for Rent in the Ashland Neighborhood of Lexington, KY from $600 (36 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 - Waller Avenue priced from $745. Crescent at Shadeland Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $819. Here are the most affordable Ashland apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$819
Raintree ApartmentsWillow - A11BR,1BA$829
The Townhomes and Flats at FontaineBuilding A1BR,1BA$845
Double Tree Apartments2 Bedroom Traditional-Renovated2BR,1BA$910
The Dawn Run Apartments2x1 SM2BR,1BA$920
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$975
Regency Apartments at SouthlandTwo Bedroom/One Bath2BR,1BA$995
Cove Lake Village ApartmentsOne Bedroom1BR,1BA$995
The Champions at BluegrassSeattle Slew1BR,1BA$1,026

Best Value Apartments for Rent in Ashland, KY

As of June 25, 2025 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 2 Bed, 1.5 Bath Apartment Model at Mt. Tabor Apartments starting at $1,174 with a $1.17 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
Mt. Tabor Apartments2 Bed, 1.5 Bath Apartment2BR,1.5BA$1.17
The StretchTwo Bedroom2BR,2BA$0.88
SignatureThe Secretariat2BR,2BA$1.13
MAA VillageDunaway2BR,2BA$1.32
The Dawn Run Apartments2x1 SM2BR,1BA$1.08
Revive 1749 - All Utilities Incl2BR/1.0BA2BR,1BA$1.31
Double Tree Apartments2 Bedroom Traditional-Renovated2BR,1BA$1.11
The Champions at BluegrassSeattle Slew1BR,1BA$1.31
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.30

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Pet Friendly Lifestyle
Ashland, Lexington, KY

Ranked #7

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Ashland Neighborhood in Lexington, KY

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

76 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

47 / 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.

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 $1,026.

What is the price of a cheap apartment in Ashland?

The cheapest apartment in Ashland is VELO - Waller Avenue 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 9 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 $1,126 which is $2,219 cheaper than the average rent for all rentals in Ashland.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.