Cheap Apartments for Rent in the Cave Hill Neighborhood of Lexington, KY from $500 (9 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

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.

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 1 Bed unit found at The Crossings Apartment Homes priced from $860. Harrods Point Apartments - Newly remodeled has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Cave Hill apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Harrods Point Apartments - Newly remodeledSmall one BedroomStudio,1BA$899
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$995

Best Value Apartments for Rent in Cave Hill, KY

As of June 16, 2025 the best value apartment in the Cave Hill area is the $1.49 price per square foot 2 Bedroom Model at The Wellington in the in the Stonewall Community neighborhood starting from $1,249. The second greatest value Cave Hill apartment is the 1 Bed 1 Bath Model at Shillito Park Apartments starting at $995 with a $1.24 price per square foot in the The Meadows At Brannon Crossing 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.
The Wellington2 Bedroom2BR,1BA$1.49
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.60
Beaumont Farms ApartmentsAldebaron1BR,1BA$1.91
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
The Vue Lexington1 Bed 1 Bath1BR,1BA$1.66

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Pet Friendly Lifestyle
Cave Hill, Lexington, KY

Ranked #26

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
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 $1,759.

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 3 regular apartments in Cave Hill 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 Cave Hill?

Cheap apartments in Cave Hill have an average cost of $414 which is $1,345 cheaper than the average rent for all rentals in Cave Hill.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.