
Cheap Homes for Rent in Cave Hill Neighborhood of Lexington, KY from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Cave Hill area of Lexington.


2504 Ashbrooke Dr
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.

2209 Jasmine Dr

572 Hadlow St
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.

3531 Winthrop Dr
Cave Hill, Lexington, KY Local Guide

How much does it cost to rent a home in Cave Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cave Hill 3 Bedroom Homes for Rent | $2,507 | $1,595 | $5,250 |
| Cave Hill 4 Bedroom Homes for Rent | $2,773 | $1,800 | $3,500 |
| Cave Hill 6 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Cave Hill Neighborhood of Lexington, KY.
Explore Lexington
Cave Hill, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Harrods Point Apartments - Newly remodeled has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. 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 |
| Harrods Point Apartments - Newly remodeled | Small one Bedroom | 1BR,1BA | $929 |
| Flats at Beaumont -Newly-Renovated Condo-Style! | Newly-Renovated Studio Apartments! | Studio,1BA | $950 |
Best Value Apartments for Rent in Cave Hill, KY
As of June 09, 2026 the best value apartment in the Cave Hill area is the $1.32 price per square foot 3 Bedroom Model at Palomar View Apartments in the in the Stonewall Community neighborhood starting from $1,734. The second greatest value Cave Hill apartment is the 2BR/1.0BA Model at BFA starting at $1,399 with a $1.54 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. |
|---|---|---|---|
| Palomar View Apartments | 3 Bedroom | 3BR,2BA | $1.32 |
| BFA | 2BR/1.0BA | 2BR,1BA | $1.54 |
| 2204 Winterberry Dr, Unit Side A | 2204 Winterberry Dr | 2BR,1BA | $1.11 |
| The Tracery Apartments | 1x1 With Garage | 1BR,1BA | $1.95 |
| Harrods Point Apartments - Newly remodeled | 1 Bedroom FULLY RENOVATED | 1BR,1BA | $1.24 |
| The Wellington | 1 Bedroom | 1BR,1BA | $1.58 |
| 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 | $1.83 |
| Emerson Center 62+ Senior Apartments | Studio | Studio ,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.
Read ArticleReal 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.
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 Cave Hill
What type of rentals are currently available in Cave Hill?
There are currently 39 Apartments for Rent in Cave Hill, KY with pricing that ranges from $750 to $2,314. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cave Hill ranging from $1,595 to $5,250.
What is the current price range for Rental Homes in Cave Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Cave Hill ranges from $1,595 to $5,250 with an average monthly rent of $2,945.
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.
Helpful Local Expert Guides

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.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.