Cheap Homes for Rent in Deerfield Neighborhood of Lexington, KY from $1,800 (4 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Deerfield area of Lexington.

property at 116 Shady Ln

116 Shady Ln

LexingtonKY40503

Deerfield, Lexington, KY Local Guide

Best Value Apartments for Rent in Deerfield, KY

As of September 11, 2025 the best value apartment in the Deerfield area is the $0.88 price per square foot 2 Bedroom 1.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,050. The second greatest value Deerfield apartment is the Renovated 2 Bed / 1 Bath Deluxe Model at Rivers at Bluegrass starting at $1,449 with a $1.26 price per square foot in the Stonewall Community neighborhood. Here is today’s list of the best values for Deerfield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tates Creek Village2 Bedroom 1.5 Bathroom2BR,1.5BA$0.88
Rivers at BluegrassRenovated 2 Bed / 1 Bath Deluxe2BR,1BA$1.26
The StretchTwo Bedroom2BR,2BA$0.88
Tates Creek Crossings2 Bedroom 1.5 Bath2BR,1.5BA$1.14
The MetropolitanBluegrass2BR,1BA$1.21
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$1.09
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
The Colony at the OaksThe Willow1BR,1BA$1.33
Chelsea Apartments1 Bedroom1BR,1BA$1.39
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Deerfield, Lexington, KY

Ranked #10

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Deerfield

What type of rentals are currently available in Deerfield?

There are currently 71 Apartments for Rent in Deerfield, KY with pricing that ranges from $610 to $4,700. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Deerfield ranging from $1,850 to $1,995.

What is the current price range for Rental Homes in Deerfield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Deerfield ranges from $1,850 to $1,995 with an average monthly rent of $1,922.

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.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.