Cheap Homes for Rent in Castlewood Neighborhood of Lexington, KY from $900 (21 Rentals)

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

property at 161 Preston Ave

161 Preston Ave

LexingtonKY40502
Showing Results 1-21, Page 1 of 1

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 1 Bed unit found at Ferrill Square Apartments - 55+ Community priced from $806. Rosetown Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here are the most affordable Castlewood apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Rosetown ApartmentsTwo Bedroom2BR,1BA$900
Double Tree Apartments2 Bedroom Traditional2BR,1BA$910
Rose Tower ApartmentsOne Bedroom1BR,1BA$950
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$995

Best Value Apartments for Rent in Castlewood, KY

As of November 11, 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 2x1 Model at The Dawn Run Apartments starting at $1,020 with a $1.20 price per square foot in the Eastland Parkway 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.
The Flats at 345Two Bedroom2BR,2BA$1.82
The Dawn Run Apartments2x12BR,1BA$1.20
Revive 1749 - All Utilities Incl2BR/1.0BA2BR,1BA$1.31
Double Tree Apartments2 Bedroom Traditional2BR,1BA$1.11
545 S Limestone, Unit 2545 S Limestone2BR,1BA$2.06
Rosetown ApartmentsTwo Bedroom2BR,1BA$1.19
Hub Lexington Upper2x2 VIP2BR,2BA$1.85
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.34
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
The Ascent1555Two Bedroom2BR,1BA$2.02

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Pet Friendly Lifestyle
Castlewood, Lexington, KY

Ranked #46

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

Frequently Asked Questions about Castlewood

What type of rentals are currently available in Castlewood?

There are currently 471 Apartments for Rent in Castlewood, KY with pricing that ranges from $595 to $2,100. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Castlewood ranging from $975 to $5,000.

What is the current price range for Rental Homes in Castlewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Castlewood ranges from $975 to $5,000 with an average monthly rent of $2,537.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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.

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.