
Cheap Apartments for Rent in the Cave Hill Neighborhood of Lexington, KY from $500 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Cave Hill area of Lexington.


Parkside Apartments

The Crossings Apartment Homes

2151 Cypress Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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2157 Cypress Dr

Flats at Turfland

Garden Springs Apartments

2173 Cypress Dr
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.

1021 Cross Keys Rd
Cave Hill, Lexington, KY Local Guide

How much does it cost to rent an apartment in Cave Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cave Hill Studio Apartments | $882 | $750 | $945 |
| Cave Hill 1 Bedroom Apartments | $1,039 | $785 | $1,541 |
| Cave Hill 2 Bedroom Apartments | $1,311 | $910 | $1,831 |
| Cave Hill 3 Bedroom Apartments | $1,635 | $1,035 | $2,225 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Cave Hill Neighborhood of Lexington, KY.
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Cave Hill, Lexington, KY Local Guide
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Cheapest Available Cave Hill Apartments for Rent
 The cheapest available apartment rental in the Cave Hill area of Lexington, KY is a Studio unit found at Emerson Center 62+ Senior Apartments priced from $750. The Crossings Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. Here are the most affordable Cave Hill apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerson Center 62+ Senior Apartments | Studio | Studio,1BA | $750 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $860 |
| Flats at Turfland | Flat - Open Kitchen | 1BR,1BA | $895 |
Best Value Apartments for Rent in Cave Hill, KY
As of January 24, 2026 the best value apartment in the Cave Hill area is the $1.33 price per square foot 3x2 With Garage Model at The Tracery Apartments in the in the Stonewall Community neighborhood starting from $2,192. The second greatest value Cave Hill apartment is the 2 Bedroom Model at Palomar View Apartments starting at $1,520 with a $1.40 price per square foot in the Stonewall Community neighborhood. Here is today’s list of the best values for Cave Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Tracery Apartments | 3x2 With Garage | 3BR,2BA | $1.33 |
| Palomar View Apartments | 2 Bedroom | 2BR,2BA | $1.40 |
| The Wellington | 2 Bedroom | 2BR,1BA | $1.43 |
| Harrods Point Apartments - Newly remodeled | 1 Bedroom FULLY RENOVATED | 1BR,1BA | $1.24 |
| The Crossings Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.38 |
| Prime at Gardenside | The Summit | 1BR,1BA | $1.67 |
| The Vue Lexington | 1 Bed 1 Bath | 1BR,1BA | $1.66 |
| Flats at Turfland | Flat - Kitchen Bar | 1BR,1BA | $1.74 |
| Emerson Center 62+ Senior Apartments | Studio | Studio ,1BA | $2.19 |
| Flats at Beaumont | Studio | Studio ,1BA | $3.28 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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.
Best Local Schools in Cave Hill, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Cave Hill Apartments
What is a cheap apartment in Cave Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cave Hill is under $2,192.
What is the price of a cheap apartment in Cave Hill?
The cheapest apartment in Cave Hill is The Crossings Apartment Homes which is listed at $860, while the average apartment in Cave Hill costs $1,790.
What types of apartments are the cheapest in Cave Hill?
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 7 regular apartments in Cave Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

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.