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

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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 $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 ListingModel NameBed/BathPriced From
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860
Flats at TurflandFlat - Open Kitchen1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Tracery Apartments3x2 With Garage3BR,2BA$1.33
Palomar View Apartments2 Bedroom2BR,2BA$1.40
The Wellington2 Bedroom2BR,1BA$1.43
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
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 TurflandFlat - Kitchen Bar1BR,1BA$1.74
Emerson Center 62+ Senior ApartmentsStudioStudio ,1BA$2.19
Flats at BeaumontStudioStudio ,1BA$3.28

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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

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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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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.

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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.

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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.