Cheap Apartments for Rent in the Cardinal Valley Neighborhood of Lexington, KY from $600 (31 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Cardinal Valley 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.

Read Article

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.

Read Article

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
close
View Me
Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504
close
View Me
Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
close
View Me
Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504
Showing Results 1-31, Page 1 of 1

Cardinal Valley, Lexington, KY Local Guide

Cheapest Available Cardinal Valley Apartments for Rent

 

The cheapest available apartment rental in the Cardinal Valley area of Lexington, KY is a 1 Bed unit found at Oxford Circle priced from $735. VELO - Waller Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Cardinal Valley apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Oxford Circleoxf 1.11BR,1BA$735
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Preakness ApartmentsP111BR,1BA$750
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Crystal GardensCG 1.11BR,1BA$810
Park VistaPV1.11BR,1BA$829
Cambridge Park1 Bedroom 1 Bath1BR,1BA$850
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$854
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Rose Tower ApartmentsOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Cardinal Valley, KY

As of July 21, 2025 the best value apartment in the Cardinal Valley area is the $1.22 price per square foot 201 Price Rd Model at 201 Price Rd, Unit Apt 223 in the in the Downtown Lexington neighborhood starting from $1,375. The second greatest value Cardinal Valley apartment is the The Derby Elite Model at The Alexandra starting at $1,375 with a $1.29 price per square foot in the Stonewall Community neighborhood. Here is today’s list of the best values for Cardinal Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
201 Price Rd, Unit Apt 223201 Price Rd1BR,1BA$1.22
The AlexandraThe Derby Elite2BR,2BA$1.29
The StretchTwo Bedroom2BR,2BA$0.88
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
SignatureThe Secretariat2BR,2BA$1.13
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Park VistaPV1.11BR,1BA$1.12
Cambridge Park1 Bedroom 1 Bath1BR,1BA$1.26
Preakness ApartmentsP111BR,1BA$1.12
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.29

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Cardinal Valley, Lexington, KY

Ranked #18

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Cardinal Valley Neighborhood in Lexington, KY

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

48 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

31 / 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 Cardinal Valley Apartments

What is a cheap apartment in Cardinal Valley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cardinal Valley is under $900.

What is the price of a cheap apartment in Cardinal Valley?

The cheapest apartment in Cardinal Valley is Oxford Circle which is listed at $735, while the average apartment in Cardinal Valley costs $3,345.

What types of apartments are the cheapest in Cardinal Valley?

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 19 regular apartments in Cardinal Valley 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 Cardinal Valley?

Cheap apartments in Cardinal Valley have an average cost of $1,002 which is $2,343 cheaper than the average rent for all rentals in Cardinal Valley.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.