Cheap Apartments for Rent in the East Lexington Neighborhood of Lexington, KY from $500 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the East Lexington area of Lexington.

property at 402 Gunn St

$900 - $950

1 Bedroom Rentals

Available Now

402 Gunn St

LexingtonKY40508

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.

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The Ascent1555
Rent Specials
$925 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,345
Total Monthly Price
$925 - $1,345
Studio to 2 Bedroom Apartments Available Now

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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The Paddock Apartments
$1,125 - $1,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,265
Total Monthly Price
$1,125 - $1,265
1 to 2 Bedroom Apartments Available Now

The Paddock Apartments

416 Hollow Creek RdLexington, KY 40511
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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Idle Hour Villas
1 Bedroom Apartments

Idle Hour Villas

2129-2213 Coburn BlvdLexington, KY 40502
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Hartford Place
Studio to 2 Bedroom Apartments

Hartford Place

1598 Martha CtLexington, KY 40505
  • Utilities Included

Cash 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.

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Lakeview Estates
1 to 2 Bedroom Apartments

Lakeview Estates

164 Lakeshore DrLexington, KY 40502
  • Utilities Included
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3Fifty8
Studio to 1 Bedroom Apartments

3Fifty8

358 B Duke RdLexington, KY 40502
  • Utilities Included
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The Landing at Lex
1 to 2 Bedroom Apartments

The Landing at Lex

2066-2082 Fairmont CtLexington, KY 40502
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Parkway Manor
1 to 3 Bedroom Apartments

Parkway Manor

431 Rogers RdLexington, KY 40505
  • Utilities Included
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Heritage Hills
1 to 2 Bedroom Apartments

Heritage Hills

1708 Jennifer RdLexington, KY 40505
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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
Student Housing
  • Utilities Included
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Covington Place
2 to 3 Bedroom Apartments

Covington Place

2400 Woodhill DrLexington, KY 40509
  • Utilities Included

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.

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Valore at the Baxter
1 Bedroom Apartments

Valore at the Baxter

1597 Martha CtLexington, KY 40505
Corporate Housing
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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
  • Utilities Included
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
  • Utilities Included
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Forest View Apartments
1 to 2 Bedroom Apartments

Forest View Apartments

2035 Altamont CtLexington, KY 40502
  • Utilities Included
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Fox Run Apartments
Studio to 3 Bedroom Apartments

Fox Run Apartments

1840 Mccullough DrLexington, KY 40511
  • Utilities Included
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Rose Tower Apartments
1 Bedroom Apartments

Rose Tower Apartments

137 Rose StLexington, KY 40507
Corporate Housing
  • Utilities Included

The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

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East Lexington, Lexington, KY Local Guide

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. The Landing at Lex has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable East Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
The Landing at LexLand1.11BR,1BA$745
The Dawn Run ApartmentsStudio XLStudio,1BA$790
Townhomes & Flats at FontaineBuilding CStudio,1BA$825
The Ascent1555Renovated StudioStudio,1BA$925
Double Tree Apartments2 Bedroom2BR,1BA$935
Prime Hamburg ApartmentsElite 1 BR1BR,1BA$975
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$995
The Oaks at Woodland1 Bed, 1 bath1BR,1BA$1,071
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$1,075

Best Value Apartments for Rent in East Lexington, KY

As of May 27, 2026 the best value apartment in the East Lexington area is the $1.21 price per square foot 2 Bedroom 2 Bath Model at Alcove at Russell Cave in the in the Winburn neighborhood starting from $1,293. The second greatest value East Lexington apartment is the 2 Bedroom Deluxe-Renovated Model at Double Tree Apartments starting at $1,035 with a $1.18 price per square foot in the Shriners neighborhood. Here is today’s list of the best values for East Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alcove at Russell Cave2 Bedroom 2 Bath2BR,2BA$1.21
Double Tree Apartments2 Bedroom Deluxe-Renovated2BR,1BA$1.18
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Alcove at Russell1 Bedroom1BR,1BA$1.43
Prime Hamburg ApartmentsElite 1 BR1BR,1BA$1.31
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.34
Lexington SquareCypress1BR,1BA$1.57
The Landing at LexLand1.11BR,1BA$1.10
The Dawn Run ApartmentsStudio XLStudio ,1BA$1.32
BelleFontaine Apartment Homes1-11BR,1BA$1.60

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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Real 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.

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Best Local Schools in
East Lexington, Lexington, KY

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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 $1,075.

What is the price of a cheap apartment in East Lexington?

The cheapest apartment in East Lexington is BelleFontaine Apartment Homes which is listed at $735, while the average apartment in East Lexington costs $1,508.

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 16 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 $455 which is $1,053 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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington

Written by: Catrina Cowart

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