
Cheap Studio Apartments for Rent in the Downtown Lexington Neighborhood of Lexington, KY from $780 (11 Rentals)


Total Monthly Price
400 S Ashland Ave

The Studios at Belmont - MAJOR UTILITIES INCL

The Axis at 1435

Stonehurst Studios
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Imperial Studio Apartments

Kampus Terraces

Kampus Heights

Bluegrass Commons

Arlington Lofts
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Central Christian Church Apartments
Downtown Lexington, Lexington, KY Local Guide

How much does it cost to rent an apartment in Downtown Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
Downtown Lexington Studio Apartments | $1,335 | $780 | $2,483 |
| Downtown Lexington 1 Bedroom Apartments | $1,423 | $740 | $2,903 |
| Downtown Lexington 2 Bedroom Apartments | $1,529 | $854 | $2,495 |
| Downtown Lexington 3 Bedroom Apartments | $1,697 | $1,000 | $3,000 |
| Downtown Lexington 4 Bedroom Apartments | $1,297 | $739 | $2,900 |
Explore Lexington
Downtown Lexington, Lexington, KY Local Guide
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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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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 Downtown Lexington, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Lexington Apartments
What is a cheap apartment in Downtown Lexington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lexington is under $1,115.
What is the price of a cheap apartment in Downtown Lexington?
The cheapest apartment in Downtown Lexington is Studios180 - Short/Long Term Leases which is listed at $1,195, while the average apartment in Downtown Lexington costs $4,000.
What types of apartments are the cheapest in Downtown Lexington?
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 42 regular apartments in Downtown Lexington 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 Downtown Lexington?
Cheap apartments in Downtown Lexington have an average cost of $910 which is $3,090 cheaper than the average rent for all rentals in Downtown Lexington.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.