Cheap Apartments for Rent in the East Lexington Neighborhood of Lexington, KY from $500 (56 Rentals)

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

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Prime Hamburg Apartments
$750 - $1,110
Total Monthly Price

Total Monthly Price

Base Rent
$598 - $958
Required Monthly Fees
$152
Total Monthly Price
$750 - $1,110
Studio to 2 Bedroom Apartments Available Now

Prime Hamburg Apartments

1740-1760 Jennifer RdLexington, KY 40505
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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property at 402 Gunn St

$900 - $1,025

1 Bedroom Rentals

Available Now

402 Gunn St

LexingtonKY40508
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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 Apr 10

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
  • Verified
  • Customer Reviewed
  • 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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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 Apr 10

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

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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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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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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Heritage Hills
1 to 2 Bedroom Apartments

Heritage Hills

1708 Jennifer RdLexington, KY 40505
  • Utilities Included
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Covington Place
2 to 3 Bedroom Apartments

Covington Place

2400 Woodhill DrLexington, KY 40509
  • Utilities Included
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Valore at the Baxter
1 Bedroom Apartments

Valore at the Baxter

1597 Martha CtLexington, KY 40505
Corporate Housing
  • Utilities Included

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.

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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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 The Dawn Run Apartments priced from $625. BelleFontaine Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here are the most affordable East Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
The Dawn Run ApartmentsStudio SMStudio,1BA$625
BelleFontaine Apartment Homes0-1Studio,1BA$685
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$730
The Landing at LexLand1.11BR,1BA$745
Prime Hamburg ApartmentsStudioStudio,1BA$750
Valore at the Baxter1B1B1BR,1BA$799
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
Double Tree ApartmentsStudioStudio,1BA$875

Best Value Apartments for Rent in East Lexington, KY

As of April 06, 2026 the best value apartment in the East Lexington area is the $1.13 price per square foot 1324 Fontaine Rd Model at 1324 Fontaine Rd, Unit 1324 Fontaine Road in the in the Montclair neighborhood starting from $1,750. The second greatest value East Lexington apartment is the 2BR/1.0BA Model at Revive at 1749 starting at $1,090 with a $1.30 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.
1324 Fontaine Rd, Unit 1324 Fontaine Road1324 Fontaine Rd2BR,1BA$1.13
Revive at 17492BR/1.0BA2BR,1BA$1.30
Alcove at Russell1 Bedroom1BR,1BA$1.43
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.97
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.34
The Life at LexingtonCypress1BR,1BA$1.57
The Landing at LexLand1.11BR,1BA$1.10
444 S Ashland Ave, Unit B-07444 S Ashland Ave1BR,1BA$1.50
Valore at the Baxter1B1B1BR,1BA$1.34
BelleFontaine Apartment Homes1-11BR,1BA$1.60

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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 $875.

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

The cheapest apartment in East Lexington is Caballo Crossing which is listed at $730, while the average apartment in East Lexington costs $1,494.

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 10 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 $381 which is $1,113 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

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.

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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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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.

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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.