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$625 - $1,020Studio to 3 Bedroom Apartments Available Now
The Dawn Run Apartments
1800 Augusta CtLexington, KY 40505
Cheap Apartments for Rent in the Castlewood Neighborhood of Lexington, KY from $400 (66 Rentals)
Search the lowest-cost Apartments available for rent right now in the Castlewood area of Lexington.
261 Lyndhurst Pl
LexingtonKY40508
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$730 - $1,0101 to 2 Bedroom Apartments Available Now
Caballo Crossing
500-522 Hollow Creek RdLexington, KY 40511
308 E 7th St
LexingtonKY40508
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$780Studio Apartment Available Aug 1
422 Aylesford Pl, Unit 7, Unit 7
422 Aylesford PlLexington, KY 40508
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$800 - $1,0001 to 3 Bedroom Apartments Contact Us For Availability
Rosetown Apartments
320 Elm Tree LnLexington, KY 40508
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$885 - $1,2701 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station
512 De Roode StreetLexington, KY 40508
402 Gunn St
LexingtonKY40508
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$910 - $1,0352 Bedroom Apartments Available Now
Double Tree Apartments
1544 Meade CtLexington, KY 40505
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$925 - $1,345
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,345
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$925 - $1,345
The Ascent1555
1555 Eastland PkyLexington, KY 40505
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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$975 - $1,110Studio to 2 Bedroom Apartments Available Now
Prime Hamburg Apartments
1740-1760 Jennifer RdLexington, KY 40505
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$995 - $1,2051 to 2 Bedroom Apartments Available Now
Gatehouse Apartments - Most Utl Incl.
1825 Liberty RdLexington, KY 40505
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$9951 Bedroom Apartment Available Aug 1
807 Press Ave, Unit 1, Unit 1
807 Press AveLexington, KY 40508
547 N Broadway
LexingtonKY40508
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$1,0711 Bedroom Apartments Available Now
The Oaks at Woodland
530 E High StLexington, KY 40502
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$1,075 - $1,0901 to 2 Bedroom Apartments Available Now
Revive 1749 - All Utilities Incl
1749 Liberty RdLexington, KY 40505
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$1,125 - $1,265
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,125 - $1,265
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$1,125 - $1,265
The Paddock Apartments
416 Hollow Creek RdLexington, KY 40511
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$1,180 - $1,5201 to 2 Bedroom Apartments Available Now
Artek Lofts
159 Old Georgetown StLexington, KY 40508
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$1,190 - $1,9251 to 2 Bedroom Apartments Available Jun 1
The Flats at 345
345 Blackburn AveLexington, KY 40508
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$1,195 - $1,795
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Studio Apartments Available NowTotal Monthly Price
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$1,195 - $1,795
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$1,195 - $1,795
Studios180 - Short/Long Term Leases
180 N Martin Luther King BlvdLexington, KY 40507
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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$1,199 - $2,1211 to 3 Bedroom Apartments Available Now
1809 at Winchester
1809 Meeting StLexington, KY 40509
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$1,279 - $3,695
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,279 - $3,695
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$1,279 - $3,695
Park Plaza Apartments
120 E Main StLexington, KY 40507
2548 Danielle Ln
LexingtonKY40509
170 E Loudon Ave
LexingtonKY40505
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Studio Apartments
Stonehurst Studios
256 Lyndhurst PlLexington, KY 40508
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1 Bedroom Apartments
Walton Place Apartments
178 Gazette AveLexington, KY 40508
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Studio to 2 Bedroom Apartments
Hartford Place
1598 Martha CtLexington, KY 40505
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1 Bedroom Apartments
Central Park Apartments
630 Central AveLexington, KY 40502
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Studio Apartments
Kampus Terraces
317 Transylvania ParkLexington, KY 40508
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Studio Apartments
Kampus Heights
350 Linden WalkLexington, KY 40508
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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1 to 3 Bedroom Apartments
Parkway Manor
431 Rogers RdLexington, KY 40505
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1 to 2 Bedroom Apartments
St Martin Villa
412-422 Lima DrLexington, KY 40511
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1 to 2 Bedroom Apartments
Woodland Park Apartments - UTILITIES INCLUDED
184 Old Park AveLexington, KY 40502
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1 Bedroom Apartments
426 E High St
426 E High StLexington, KY 40507
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1 to 2 Bedroom Apartments
Heritage Hills
1708 Jennifer RdLexington, KY 40505
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1 to 2 Bedroom Apartments
Medical View Properties
805 Press AveLexington, KY 40508
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Studio to 1 Bedroom Apartments
Bluegrass Commons
165 Virginia AveLexington, KY 40508
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1 Bedroom Apartments
Valore at the Baxter
1597 Martha CtLexington, KY 40505
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1 Bedroom Apartments
Matthews House Apartments
547 Breckenridge StLexington, KY 40508
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1 Bedroom Apartments
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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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Studio to 1 Bedroom Apartments
Arlington Lofts
1001-1021 N Limestone StLexington, KY 40505
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1 to 3 Bedroom Apartments
330 Newtown Apartments
330 Newtown PikeLexington, KY 40508
633 Ohio St
LexingtonKY40508
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1 Bedroom Apartments
Rose Tower Apartments
137 Rose StLexington, KY 40507
1833 1/2 Marietta Dr
LexingtonKY40505
168 Woodland Ave
LexingtonKY40502
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Studio to 1 Bedroom Apartments
Central Christian Church Apartments
249 E Short StLexington, KY 40507
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2 to 4 Bedroom Apartments
University Flats
1160 University DrLexington, KY 40526
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1 to 2 Bedroom Apartments
Lincoln Terrace Apartments
536 Georgetown StLexington, KY 40508
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1 Bedroom Apartments
524 W Third St
524 W Third StLexington, KY 40508
The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent
Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.
Castlewood, Lexington, KY Local Guide
How much does it cost to rent an apartment in Castlewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Castlewood Studio Apartments | $959 | $625 | $1,795 |
| Castlewood 1 Bedroom Apartments | $1,210 | $730 | $2,486 |
| Castlewood 2 Bedroom Apartments | $1,438 | $858 | $2,200 |
| Castlewood 3 Bedroom Apartments | $1,677 | $1,000 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 66 rentals with your search options within a 2 mile radius of the Castlewood Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Castlewood, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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Cheapest Available Castlewood Apartments for Rent
The cheapest available apartment rental in the Castlewood area of Lexington, KY is a 1 Bed unit found at Caballo Crossing priced from $730. The Dawn Run Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here are the most affordable Castlewood apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $730 |
| The Dawn Run Apartments | Studio XL | Studio,1BA | $790 |
| The Ascent1555 | Renovated Studio | Studio,1BA | $925 |
| Double Tree Apartments | 2 Bedroom | 2BR,1BA | $935 |
| Prime Hamburg Apartments | Elite 1 BR | 1BR,1BA | $975 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $995 |
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1,071 |
| Revive 1749 - All Utilities Incl | 1BR/1.0BA | 1BR,1BA | $1,075 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1,125 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,180 |
Best Value Apartments for Rent in Castlewood, KY
As of May 19, 2026 the best value apartment in the Castlewood 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 Castlewood apartment is the 2 Bedroom Deluxe-Renovated Model at Double Tree Apartments starting at $1,035 with a $1.18 price per square foot in the Shriners neighborhood. Here is today’s list of the best values for Castlewood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 326 E High St, Unit 2 | 326 E High St | 3BR,1BA | $1.67 |
| Double Tree Apartments | 2 Bedroom Deluxe-Renovated | 2BR,1BA | $1.18 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.97 |
| Prime Hamburg Apartments | Elite 1 BR | 1BR,1BA | $1.31 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.34 |
| Revive 1749 - All Utilities Incl | 1BR/1.0BA | 1BR,1BA | $1.63 |
| 1809 at Winchester | A2 Maxima - 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.92 |
| The Dawn Run Apartments | Studio XL | Studio ,1BA | $1.32 |
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1.79 |
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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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 LifestyleCastlewood, Lexington, KY
Ranked #68
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Castlewood, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Lexington, KY. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Castlewood Apartments
What is a cheap apartment in Castlewood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Castlewood is under $1,180.
What is the price of a cheap apartment in Castlewood?
The cheapest apartment in Castlewood is Caballo Crossing which is listed at $730, while the average apartment in Castlewood costs $1,845.
What types of apartments are the cheapest in Castlewood?
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 15 regular apartments in Castlewood 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 Castlewood?
Cheap apartments in Castlewood have an average cost of $474 which is $1,371 cheaper than the average rent for all rentals in Castlewood.
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.
Helpful Local Expert Guides
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.
The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.
The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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.
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.