500 Ohio St
LexingtonKY40508
Cheap Apartments for Rent in the Castlewood Neighborhood of Lexington, KY from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Castlewood area of Lexington.
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$625 - $1,020Studio to 3 Bedroom Apartments Available Now
The Dawn Run Apartments
1800 Augusta CtLexington, KY 40505
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$700 - $9851 to 2 Bedroom Apartments Available Now
Caballo Crossing
500-522 Hollow Creek RdLexington, KY 40511
261 Lyndhurst Pl
LexingtonKY40508
921 N Broadway
LexingtonKY40505
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$800 - $1,0001 to 3 Bedroom Apartments Available Now
Rosetown Apartments
320 Elm Tree LnLexington, KY 40508
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$8061 Bedroom Apartments Available Now
Ferrill Square Apartments - 55+ Community
471 Price RdLexington, KY 40508
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$810 - $890Studio Apartments Available Aug 13, 2026
Kampus Properties STUDENT HOUSING - 2024-'25
400-418 Aylesford PlLexington, KY 40508
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.
337 S Broadway Park
LexingtonKY40504
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$870 - $1,2501 to 3 Bedroom Apartments Contact Us For Availability
Davis Park Station
512 De Roode StreetLexington, KY 40508
1862 Marietta Dr
LexingtonKY40505
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$875 - $1,035Studio to 2 Bedroom Apartments Available Now
Double Tree Apartments
1544 Meade CtLexington, KY 40505
262 N Broadway
LexingtonKY40507
268 E Loudon Ave
LexingtonKY40505
933 N Broadway
LexingtonKY40505
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$900 - $1,0851 to 2 Bedroom Apartments Available Now
Eastland Hills Apartments
1740-1760 Jennifer RdLexington, KY 40505
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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1 to 2 Bedroom Apartments
Woodland Park Apartments - UTILITIES INCLUDED
184 Old Park AveLexington, KY 40502
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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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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Showing Results 1-33, 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 | $1,150 | $625 | $1,745 |
| Castlewood 1 Bedroom Apartments | $1,122 | $595 | $1,576 |
| Castlewood 2 Bedroom Apartments | $1,320 | $858 | $1,975 |
| Castlewood 3 Bedroom Apartments | $1,271 | $1,000 | $1,679 |
Browse Apartments in this Neighborhood
There are currently 33 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 Ferrill Square Apartments - 55+ Community priced from $806. Caballo Crossing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $858. Here are the most affordable Castlewood apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
| Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $858 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $900 |
| Eastland Hills Apartments | Elite 1 BR | 1BR,1BA | $900 |
| Double Tree Apartments | 2 Bedroom Traditional | 2BR,1BA | $910 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $950 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $995 |
| Revive 1749 - All Utilities Incl | 2BR/1.0BA | 2BR,1BA | $1,090 |
| Hub Lexington Upper | 4x2 Mansion | 4BR,2BA | $1,115 |
| Park Plaza Apartments | Maxwell | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Castlewood, KY
As of December 06, 2025 the best value apartment in the Castlewood area is the $1.82 price per square foot Two Bedroom Model at The Flats at 345 in the in the Northside Historic Residential neighborhood starting from $1,725. The second greatest value Castlewood apartment is the 2 Bedroom 1 Bath Model at Caballo Crossing starting at $858 with a $0.95 price per square foot in the Winburn 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. |
|---|---|---|---|
| The Flats at 345 | Two Bedroom | 2BR,2BA | $1.82 |
| Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Revive 1749 - All Utilities Incl | 2BR/1.0BA | 2BR,1BA | $1.31 |
| Double Tree Apartments | 2 Bedroom Traditional | 2BR,1BA | $1.11 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1.19 |
| 260 Lexington Avenue | 1BR/1.0BA | 1BR,1BA | $1.81 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.34 |
| Eastland Hills Apartments | Elite 1 BR | 1BR,1BA | $1.21 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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 #42
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 Ferrill Square Apartments - 55+ Community which is listed at $806, while the average apartment in Castlewood costs $1,289.
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 31 regular apartments in Castlewood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!