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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 $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Castlewood area of Lexington.
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$700 - $9851 to 2 Bedroom Apartments Available Now
Caballo Crossing
500-522 Hollow Creek RdLexington, KY 40511
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$725 - $1,0001 to 3 Bedroom Apartments Contact Us For Availability
Rosetown Apartments
320 Elm Tree LnLexington, KY 40508
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$795 - $850Studio Apartments Available Aug 14
Kampus Properties STUDENT HOUSING - 2024-'25
400-418 Aylesford PlLexington, KY 40508
1005 N Broadway
LexingtonKY40505
921 N Broadway
LexingtonKY40505
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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$850 - $1,275Studio to 2 Bedroom Apartments Available Now
The Ascent1555
1555 Eastland PkyLexington, KY 40505
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$850 - $1,0201 to 2 Bedroom Apartments Available Now
Eastland Hills Apartments
1740-1760 Jennifer RdLexington, KY 40505
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$8541 Bedroom Apartments Available Now
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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$870 - $1,2501 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station
512 De Roode StreetLexington, KY 40508
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$875 - $1,035Studio to 3 Bedroom Apartments Available Now
Double Tree Apartments
1544 Meade CtLexington, KY 40505
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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
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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1 Bedroom Apartments
Woodland Park Apartments - UTILITIES INCLUDED
184 Old Park AveLexington, KY 40502
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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.
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Showing Results 1-31, Page 1 of 1
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 | $1,203 | $625 | $1,745 |
| Castlewood 1 Bedroom Apartments | $1,151 | $695 | $2,112 |
| Castlewood 2 Bedroom Apartments | $1,301 | $800 | $3,000 |
| Castlewood 3 Bedroom Apartments | $1,339 | $875 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 31 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
- Nearby Cities
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- Local Counties
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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 $700. The Ascent1555 has the second lowest priced unit, which is a Studio apartment currently listed from $850. 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 | $700 |
| The Ascent1555 | Renovated Studio | Studio,1BA | $850 |
| Eastland Hills Apartments | 1 Bedroom | 1BR,1BA | $850 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $854 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $900 |
| Double Tree Apartments | 2 Bedroom Traditional-Renovated | 2BR,1BA | $910 |
| The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $920 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1,045 |
| The Flats at 345 | 325 One Bedroom | 1BR,1BA | $1,095 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Castlewood, KY
As of July 30, 2025 the best value apartment in the Castlewood area is the $1.57 price per square foot B1 Justify - 2 Bedroom, 2 Bathroom Model at 1809 at Winchester in the in the Liberty Area neighborhood starting from $1,667. The second greatest value Castlewood apartment is the 3BR/1.0BA Model at Revive 1749 - All Utilities Incl starting at $1,329 with a $1.30 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. |
|---|---|---|---|
| 1809 at Winchester | B1 Justify - 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.57 |
| Revive 1749 - All Utilities Incl | 3BR/1.0BA | 3BR,1BA | $1.30 |
| Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
| The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $1.08 |
| Double Tree Apartments | 2 Bedroom Traditional-Renovated | 2BR,1BA | $1.11 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.40 |
| Eastland Hills Apartments | 1 Bedroom | 1BR,1BA | $1.14 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.29 |
| The Flats at 345 | 325 One Bedroom | 1BR,1BA | $2.11 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $2.00 |
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Pet Friendly LifestyleCastlewood, Lexington, KY
Ranked #49
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.
Getting Around the Castlewood Neighborhood in Lexington, KY
Walk Score®
83 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
35 / 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 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 $1,120.
What is the price of a cheap apartment in Castlewood?
The cheapest apartment in Castlewood is Caballo Crossing which is listed at $700, while the average apartment in Castlewood costs $1,354.
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 8 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 $239 which is $1,115 cheaper than the average rent for all rentals in Castlewood.
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.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.
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.