Cheap Apartments for Rent in the Cave Hill Neighborhood of Lexington, KY from $500 (23 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included
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Prime at Gardenside
1 to 4 Bedroom Apartments

Prime at Gardenside

2044 Georgian WayLexington, KY 40504
Student Housing
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Palomar Woods
1 to 3 Bedroom Apartments

Palomar Woods

1850 Old Higbee Mill RdLexington, KY 40514

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-23, Page 1 of 1

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
Harrods Point Apartments - Newly remodeledSmall one Bedroom1BR,1BA$929
The Vue Lexington1 Bed 1 Bath1BR,1BA$949
Flats at TurflandFlat - Kitchen Bar1BR,1BA$995

Best Value Apartments for Rent in Cave Hill, KY

As of May 08, 2026 the best value apartment in the Cave Hill area is the $1.41 price per square foot 3 Bedroom Model at Palomar View Apartments in the in the Stonewall Community neighborhood starting from $1,851. The second greatest value Cave Hill apartment is the Vettori Model at Beaumont Farms Apartments starting at $1,799 with a $1.68 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 Apartments3 Bedroom3BR,2BA$1.41
Beaumont Farms ApartmentsVettori2BR,2BA$1.68
Prime at GardensideThe Derby2BR,2BA$1.29
The Tracery Apartments1x1 With Garage1BR,1BA$1.95
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
The Wellington1 Bedroom1BR,1BA$1.42
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
The Vue Lexington1 Bed 1 Bath1BR,1BA$1.58
Flats at TurflandFlat - Kitchen Bar1BR,1BA$1.83
Emerson Center 62+ Senior ApartmentsStudioStudio ,1BA$2.19

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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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 $1,438.

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 $1,799.

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.

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 $186 which is $1,613 cheaper than the average rent for all rentals in Cave Hill.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.