
Cheap Apartments for Rent in the East Lexington Neighborhood of Lexington, KY from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the East Lexington area of Lexington.


Caballo Crossing

Rosetown Apartments

Total Monthly Price
Townhomes & Flats at Fontaine

Total Monthly Price
Matador North Apartments

Shorelake Apartments

468 N Limestone
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.

Double Tree Apartments

209 Lakeshore Dr

402 Gunn St

Idle Hour Villas

Hartford Place

Central Park Apartments

BelleFontaine Apartment Homes
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Lakeview Estates

3Fifty8

The Landing at Lex

Woodland Park Apartments - UTILITIES INCLUDED

426 E High St

Heritage Hills

Covington Place
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.

Parkway Manor

Matthews House Apartments

Derby Pointe

Arlington Lofts

Romany Road Apartments

Valore at the Baxter

Forest View Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
East Lexington, Lexington, KY Local Guide

How much does it cost to rent an apartment in East Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Lexington Studio Apartments | $1,015 | $625 | $1,745 |
| East Lexington 1 Bedroom Apartments | $1,149 | $700 | $1,695 |
| East Lexington 2 Bedroom Apartments | $1,388 | $858 | $2,019 |
| East Lexington 3 Bedroom Apartments | $1,739 | $1,000 | $3,650 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the East Lexington Neighborhood of Lexington, KY.
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East Lexington, Lexington, KY Local Guide
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Cheapest Available East Lexington Apartments for Rent
 The cheapest available apartment rental in the East Lexington area of Lexington, KY is a Studio unit found at BelleFontaine Apartment Homes priced from $685. Caballo Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable East Lexington apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BelleFontaine Apartment Homes | 0-1 | Studio,1BA | $685 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $700 |
| The Landing at Lex | Land1.1 | 1BR,1BA | $745 |
| Matador North Apartments | Studio | Studio,1BA | $800 |
| Shorelake Apartments | Medium 1 Bedroom | 1BR,1BA | $860 |
| Valore at the Baxter | 1B1B | 1BR,1BA | $865 |
| Double Tree Apartments | 1 Bedroom | 1BR,1BA | $890 |
| The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $920 |
| The Ascent1555 | Renovated Studio | Studio,1BA | $925 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $950 |
Best Value Apartments for Rent in East Lexington, KY
As of February 20, 2026 the best value apartment in the East Lexington area is the $1.16 price per square foot Elite 2 BR Model at Prime Hamburg Apartments in the in the Liberty Area neighborhood starting from $1,085. The second greatest value East Lexington apartment is the 2x1 SM Model at The Dawn Run Apartments starting at $920 with a $1.08 price per square foot in the Eastland Parkway neighborhood. Here is today’s list of the best values for East Lexington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Prime Hamburg Apartments | Elite 2 BR | 2BR,1BA | $1.16 |
| The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $1.08 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Revive 1749 - All Utilities Incl | 2BR/1.0BA | 2BR,1BA | $1.31 |
| Double Tree Apartments | 1 Bedroom | 1BR,1BA | $1.09 |
| Matador North Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.25 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.93 |
| Gatehouse Apartments - Most Utl Incl. | 1 BR | 1BR,1BA | $1.34 |
| The Landing at Lex | Land1.1 | 1BR,1BA | $1.10 |
| Shorelake Apartments | Medium 1 Bedroom | 1BR,1BA | $1.34 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 East Lexington, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Kentucky including East Lexington, Lexington, and the greater Lexington area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap East Lexington Apartments
What is a cheap apartment in East Lexington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Lexington is under $950.
What is the price of a cheap apartment in East Lexington?
The cheapest apartment in East Lexington is Caballo Crossing which is listed at $700, while the average apartment in East Lexington costs $1,506.
What types of apartments are the cheapest in East 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 23 regular apartments in East 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 East Lexington?
Cheap apartments in East Lexington have an average cost of $291 which is $1,215 cheaper than the average rent for all rentals in East 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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
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.