Cheap Apartments for Rent in the Cave Hill Neighborhood of Lexington, KY from $500 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Cave Hill area of Lexington.

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included

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Cave Hill, Lexington, KY Local Guide

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 $799. 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 ListingModel NameBed/BathPriced From
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$799
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Flats at TurflandRenovated 1 Bedroom - Open Concept1BR,1BA$895

Best Value Apartments for Rent in Cave Hill, KY

As of November 01, 2025 the best value apartment in the Cave Hill area is the $1.40 price per square foot 2X2 Model at Palomar View Apartments in the in the Stonewall Community neighborhood starting from $1,520. The second greatest value Cave Hill apartment is the 1 Bedroom FULLY RENOVATED Model at Harrods Point Apartments - Newly remodeled starting at $1,199 with a $1.60 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Palomar View Apartments2X22BR,2BA$1.40
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.60
The Wellington1 Bedroom1BR,1BA$1.53
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
Prime at GardensideThe Summit1BR,1BA$1.67
The Vue Lexington1 Bed 1 Bath1BR,1BA$1.66
Flats at TurflandRenovated 1 Bedroom - Kitchen Bar1BR,1BA$1.74
Emerson Center 62+ Senior ApartmentsStudioStudio ,1BA$2.34

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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

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Pet Friendly Lifestyle
Cave Hill, Lexington, KY

Ranked #49

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Cave Hill Apartments

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 $1,786.

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 2 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

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.