Cheap Apartments for Rent in the Castlewood Neighborhood of Lexington, KY from $400 (84 Rentals)

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

property at 562 Woodland Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

Studio, 1 Bath Condo for Rent

Available Now

562 Woodland Ave

LexingtonKY40508

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The Ascent1555
Rent Specials
$975 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,395
Total Monthly Price
$975 - $1,395
Studio to 2 Bedroom Apartments Available Now

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 470 Anniston Dr

$1,143

Total Monthly Price

Total Monthly Price

Base Rent
$1,143
Total Monthly Price
$1,143

2 Bedroom, 1 Bath Townhome for Rent

Available Now

470 Anniston Dr

LexingtonKY40505
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The Paddock Apartments
$1,195 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,345
Total Monthly Price
$1,195 - $1,345
1 to 2 Bedroom Apartments Available Now

The Paddock Apartments

416 Hollow Creek RdLexington, KY 40511
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Park Plaza Apartments
$1,299 - $3,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $3,695
Total Monthly Price
$1,299 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 576 E Third St

$1,350 - $1,400

1 Bedroom Rentals

Available Now

576 E Third St

LexingtonKY40508
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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included
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Hartford Place
Studio to 2 Bedroom Apartments

Hartford Place

1598 Martha CtLexington, KY 40505
  • Utilities Included

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing
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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508
Student Housing
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Parkway Manor
1 to 3 Bedroom Apartments

Parkway Manor

431 Rogers RdLexington, KY 40505
  • Utilities Included
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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
  • Utilities Included
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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
Student Housing
  • Utilities Included
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Heritage Hills
1 to 2 Bedroom Apartments

Heritage Hills

1708 Jennifer RdLexington, KY 40505
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
  • Utilities Included
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Bluegrass Commons
Studio to 1 Bedroom Apartments

Bluegrass Commons

165 Virginia AveLexington, KY 40508
  • Utilities Included
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Imperial
1 to 3 Bedroom Apartments

Imperial

115 W Loudon AveLexington, KY 40508

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Castlewood, Lexington, KY Local Guide

Cheapest Available Castlewood Apartments for Rent

 

The cheapest available apartment rental in the Castlewood area of Lexington, KY is a Studio unit found at The Dawn Run Apartments priced from $790. Imperial has the second lowest priced unit, which is a 3 Beds apartment currently listed from $796. Here are the most affordable Castlewood apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
The Dawn Run ApartmentsStudio XLStudio,1BA$790
Imperial3 Beds, 2 Baths3BR,2BA$796
Valore at the Baxter1 Bed | 1 Bath1BR,1BA$799
109 Withers Ave1 Beds, 1 Baths1BR,1BA$825
562 Woodland Ave0 Beds, 1 BathsStudio,1BA$875
Double Tree ApartmentsStudioStudio,1BA$875
Prime Hamburg ApartmentsElite 1 BR1BR,1BA$975
The Ascent1555Renovated StudioStudio,1BA$975
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$975

Best Value Apartments for Rent in Castlewood, KY

As of August 17, 2026 the best value apartment in the Castlewood area is the $0.83 price per square foot 3 Beds, 2 Baths Model at Imperial in the in the Northside Historic Residential neighborhood starting from $796. The second greatest value Castlewood apartment is the 2 Bedroom w/ Study Model at Limestone Square/Medical Villas starting at $1,240 with a $1.31 price per square foot in the Montclair neighborhood. Here is today’s list of the best values for Castlewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Imperial3 Beds, 2 Baths3BR,2BA$0.83
Limestone Square/Medical Villas2 Bedroom w/ Study2BR,2BA$1.31
The Paddock ApartmentsOne Bedroom1BR,1BA$1.41
Rosetown ApartmentsTwo Bedroom2BR,1BA$1.39
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.38
Prime Hamburg ApartmentsElite 1 BR1BR,1BA$1.31
109 Withers Ave1 Beds, 1 Baths1BR,1BA$1.21
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$1.48
The Dawn Run ApartmentsStudio XLStudio ,1BA$1.32
Valore at the Baxter1 Bed | 1 Bath1BR,1BA$1.34

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 Lifestyle
Castlewood, Lexington, KY

Ranked #56

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $975.

What is the price of a cheap apartment in Castlewood?

The cheapest apartment in Castlewood is Valore at the Baxter which is listed at $799, while the average apartment in Castlewood costs $1,195.

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 17 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 $639 which is $556 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.

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