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Cheap Apartments for Rent in the Deerfield Neighborhood of Lexington, KY from $500 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Deerfield area of Lexington.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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from $8951 to 2 Bedroom Apartments Available Now
Chelsea Apartments
2640 Wilhite CtLexington, KY 40503
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.
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Deerfield, Lexington, KY Local Guide
How much does it cost to rent an apartment in Deerfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Deerfield Studio Apartments | $1,470 | $920 | $2,380 |
| Deerfield 1 Bedroom Apartments | $1,179 | $785 | $2,128 |
| Deerfield 2 Bedroom Apartments | $1,391 | $995 | $2,056 |
| Deerfield 3 Bedroom Apartments | $1,418 | $1,399 | $1,455 |
| Deerfield 4 Bedroom Apartments | $2,512 | $2,450 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 3 rentals with your search options within a 1 mile radius of the Deerfield Neighborhood of Lexington, KY.
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Deerfield, Lexington, KY Local Guide
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Best Value Apartments for Rent in Deerfield, KY
As of June 12, 2025 the best value apartment in the Deerfield area is the $1.84 price per square foot Euclid Model at MidTown Apartments in the in the Montclair neighborhood starting from $1,570. The second greatest value Deerfield 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 Deerfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| MidTown Apartments | Euclid | 2BR,2BA | $1.84 |
| Shillito Park Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.24 |
| Regency Apartments at Southland | Furnished Executive Unit - 1B & 2B | 1BR,1BA | $1.57 |
| The Colony at the Oaks | The Willow | 1BR,1BA | $1.50 |
| Rivers at Bluegrass | Renovated 1 Bed / 1 Bath | 1BR,1BA | $1.30 |
| Canter Pointe | Affirmed - 1x1 | 1BR,1BA | $1.32 |
| Barrel Oaks Apartments | Timeless One Bedroom with the Willow | 1BR,1BA | $1.47 |
| Chelsea Apartments | 1 Bedroom | 1BR,1BA | $1.39 |
| Brookhaven Apartments | 1 Bedroom/1 Bath | 1BR,1BA | $1.38 |
| Furnished Studio-Lexington - Nicholasville | Furnished Studio-Lexington - Nicholasville... | Studio ,1BA | $5.50 |
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Pet Friendly LifestyleDeerfield, Lexington, KY
Ranked #60
Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Deerfield Apartments
What is the price of a cheap apartment in Deerfield?
The cheapest apartment in Deerfield is Brookhaven Apartments which is listed at $825, while the average apartment in Deerfield costs $3,345.
What types of apartments are the cheapest in Deerfield?
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 9 regular apartments in Deerfield 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.
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.
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.
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.
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.