
Cheap Homes for Rent in Castlewood Neighborhood of Lexington, KY from $800 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Castlewood area of Lexington.


633 Ohio St

1833 1/2 Marietta Dr

168 Woodland Ave

308 E 7th St
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.

2063 Spring Station Dr

614 Ohio St

123 Montmullin St

207 York St

356 Radcliffe Rd
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.

244 Warnock St

615 N Upper St

537 Asbury Ln

650 S Mill St

486 Price Rd
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.
Castlewood, Lexington, KY Local Guide

How much does it cost to rent a home in Castlewood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Castlewood 2 Bedroom Homes for Rent | $1,797 | $899 | $3,300 |
| Castlewood 3 Bedroom Homes for Rent | $1,671 | $1,400 | $2,250 |
| Castlewood 4 Bedroom Homes for Rent | $2,945 | $1,850 | $4,500 |
| Castlewood 5 Bedroom Homes for Rent | $3,150 | $3,000 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 Studio unit found at The Dawn Run Apartments priced from $625. Caballo Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here are the most affordable Castlewood apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Dawn Run Apartments | Studio SM | Studio,1BA | $625 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $730 |
| Prime Hamburg Apartments | Studio | Studio,1BA | $750 |
| Valore at the Baxter | 1B1B | 1BR,1BA | $799 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
Best Value Apartments for Rent in Castlewood, KY
As of April 07, 2026 the best value apartment in the Castlewood area is the $1.30 price per square foot 2BR/1.0BA Model at Revive at 1749 in the in the Shriners neighborhood starting from $1,090. The second greatest value Castlewood apartment is the 1 Bedroom 1 Bath Model at Caballo Crossing starting at $730 with a $0.97 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. |
|---|---|---|---|
| Revive at 1749 | 2BR/1.0BA | 2BR,1BA | $1.30 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.97 |
| Hub Lexington Upper | 2x2 VIP | 2BR,2BA | $1.85 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.34 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
| 444 S Ashland Ave, Unit B-07 | 444 S Ashland Ave | 1BR,1BA | $1.50 |
| The Oaks at Woodland | 1 Bed, 1 bath | 1BR,1BA | $1.79 |
| Valore at the Baxter | 1B1B | 1BR,1BA | $1.34 |
| 400 S Ashland Ave, Unit #1 | 400 S Ashland Ave | Studio ,1BA | $1.80 |
| Prime Hamburg Apartments | Studio | Studio ,1BA | $1.88 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleCastlewood, Lexington, KY
Ranked #71
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
Frequently Asked Questions about Castlewood
What type of rentals are currently available in Castlewood?
There are currently 482 Apartments for Rent in Castlewood, KY with pricing that ranges from $625 to $3,000. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Castlewood ranging from $899 to $4,500.
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 $899 to $4,500 with an average monthly rent of $2,207.
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.