Cheap Apartments for Rent in the Gainesway Neighborhood of Lexington, KY from $600 (56 Rentals)

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

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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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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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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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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Lakewood Park
Rent Specials
$1,409 - $1,849
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $1,849
Total Monthly Price
$1,409 - $1,849
1 to 3 Bedroom Apartments Available Now

Lakewood Park

495 Laketower DrLexington, KY 40502
Corporate Housing
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Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Gainesway, Lexington, KY Local Guide

Cheapest Available Gainesway Apartments for Rent

 

The cheapest available apartment rental in the Gainesway area of Lexington, KY is a Studio unit found at Townhomes & Flats at Fontaine priced from $825. Tates Creek Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Gainesway apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Townhomes & Flats at FontaineBuilding CStudio,1BA$825
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$850
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$868
Lansdowne Grove Apartments1BD/ 1 BA1BR,1BA$900
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$900
Lexington SquareCypress1BR,1BA$912
The Callaway1x1-A1BR,1BA$920
Canter PointeAffirmed - 1x11BR,1BA$949
Brandywine1 Bed1BR,1BA$960
Raintree ApartmentsWillow - A11BR,1BA$979

Best Value Apartments for Rent in Gainesway, KY

As of June 11, 2026 the best value apartment in the Gainesway area is the $1.22 price per square foot Claiborne Model at Park Place Apartments in the in the The Meadows At Brannon Crossing neighborhood starting from $1,765. The second greatest value Gainesway apartment is the The Pointe Pleasant Model at Creeks on Kirklevington starting at $1,452 with a $1.16 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Gainesway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place ApartmentsClaiborne2BR,2BA$1.22
Creeks on KirklevingtonThe Pointe Pleasant2BR,1.5BA$1.16
Lexington SquareMaple3BR,2BA$1.36
Vetra Lexington3 Bedroom 1 Bath3BR,1BA$1.34
Veridian Lexington2 Bedroom 2 Bath2BR,2BA$1.35
Brandywine1 Bed1BR,1BA$1.26
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.20
Canter PointeAffirmed - 1x11BR,1BA$1.36
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$1.24
The Callaway1x1-A1BR,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.

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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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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.

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Pet Friendly Lifestyle
Gainesway, Lexington, KY

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Gainesway, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including Gainesway, Lexington, and the greater Lexington area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, multifamily communities for the kids, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Gainesway Apartments

What is the Cheapest Studio apartment in Gainesway?

Currently the most affordable Cheap Studio Apartment in Gainesway is at Townhomes & Flats at Fontaine listed at $825.

How much is rent for a Cheap One Bedroom Gainesway Apartment?

The lowest price for a Cheap One Bedroom Gainesway Apartment is $845 at Townhomes & Flats at Fontaine.

What is the lowest price for a Cheap Two Bedroom Gainesway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Gainesway is starting from $933 at Tates Creek Crossings.

What is the most affordable Gainesway Three Bedroom Apartment?

The best deal on a cheap Gainesway Three Bedroom Apartment rental is at Vetra Lexington and starts from $1,299.

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

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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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.