917 Georgetown St
LexingtonKY40511
Cheap Apartments for Rent in the Castlewood Neighborhood of Lexington, KY from $500 (30 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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Rent Specials
$700 - $9851 to 2 Bedroom Apartments Available Now
Caballo Crossing
500-522 Hollow Creek RdLexington, KY 40511
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$780Studio Apartment Available Aug 1
424 Aylesford Pl, Unit #5
424 Aylesford PlLexington, KY 40508
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$7801 Bedroom Apartments Available Aug 1
422 Aylesford Pl
422 Aylesford PlLexington, KY 40508
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$7801 Bedroom Apartments Available Aug 1
424 Aylesford Pl
424 Aylesford PlLexington, KY 40508
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Rent Specials
$800 - $1,0001 to 3 Bedroom Apartments Contact Us For Availability
Rosetown Apartments
320 Elm Tree LnLexington, 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.
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Rent Specials
$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
Kampus Properties STUDENT HOUSING - 2024-'25
400-418 Aylesford PlLexington, KY 40508
468 N Limestone
LexingtonKY40508
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$875 - $1,035Studio to 2 Bedroom Apartments Available Now
Double Tree Apartments
1544 Meade CtLexington, KY 40505
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Rent Specials
$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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Studio Apartments
Stonehurst Studios
256 Lyndhurst PlLexington, 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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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
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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
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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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 to 3 Bedroom Apartments
Parkway Manor
431 Rogers RdLexington, KY 40505
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1 Bedroom Apartments
Matthews House Apartments
547 Breckenridge StLexington, KY 40508
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Studio to 1 Bedroom Apartments
Arlington Lofts
1001-1021 N Limestone StLexington, KY 40505
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
Valore at the Baxter
1597 Martha CtLexington, KY 40505
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1 to 3 Bedroom Apartments
330 Newtown Apartments
330 Newtown PikeLexington, KY 40508
Showing Results 1-30, 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 | $1,048 | $525 | $1,745 |
| Castlewood 1 Bedroom Apartments | $1,185 | $700 | $2,381 |
| Castlewood 2 Bedroom Apartments | $1,389 | $858 | $2,089 |
| Castlewood 3 Bedroom Apartments | $1,761 | $1,000 | $3,650 |
| Castlewood 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Castlewood Neighborhood of Lexington, KY.
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Castlewood, Lexington, KY Local Guide
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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. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $806. 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 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
| Valore at the Baxter | 1B1B | 1BR,1BA | $865 |
| Double Tree Apartments | 1 Bedroom | 1BR,1BA | $890 |
| The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $920 |
| The Ascent1555 | Renovated Studio | Studio,1BA | $925 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $950 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $995 |
| Prime Hamburg Apartments | Elite 2 BR | 2BR,1BA | $1,085 |
| Revive 1749 - All Utilities Incl | 2BR/1.0BA | 2BR,1BA | $1,090 |
Best Value Apartments for Rent in Castlewood, KY
As of February 17, 2026 the best value apartment in the Castlewood area is the $1.80 price per square foot 260 Kentucky Ave Model at 260 Kentucky Ave, Unit 1 in the in the Montclair neighborhood starting from $1,800. The second greatest value Castlewood apartment is the Elite 2 BR Model at Prime Hamburg Apartments starting at $1,085 with a $1.16 price per square foot in the Liberty Area 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. |
|---|---|---|---|
| 260 Kentucky Ave, Unit 1 | 260 Kentucky Ave | 4BR,2BA | $1.80 |
| Prime Hamburg Apartments | Elite 2 BR | 2BR,1BA | $1.16 |
| The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $1.08 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Revive 1749 - All Utilities Incl | 2BR/1.0BA | 2BR,1BA | $1.31 |
| Double Tree Apartments | 1 Bedroom | 1BR,1BA | $1.09 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.93 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.34 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
| Valore at the Baxter | 1B1B | 1BR,1BA | $1.45 |
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.
Read ArticleCash 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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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 #43
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 $1,090.
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 $1,800.
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 32 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 $578 which is $1,222 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.
Articles, How-To's, and Tips
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.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.