Cheap Apartments for Rent in the Gainesway Neighborhood of Lexington, KY from $600 (57 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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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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property at 421 Redding Rd

$1,200 - $1,300

1 Bedroom Rentals

Available Now

421 Redding Rd

LexingtonKY40517

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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property at 857 Malabu Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 2 Bath Condo for Rent

Available Jun 1

857 Malabu Dr, Unit 2102, Unit 2102

857 Malabu Dr
LexingtonKY40502
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Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
  • 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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Showing Results 1-50, Page 1 of 2

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 $800. Crescent at Shadeland Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $859. Here are the most affordable Gainesway apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$859
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$865
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$899
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$903
Raintree ApartmentsWillow - A11BR,1BA$914
The Callaway1x1-A1BR,1BA$920
Vetra Lexington1 Bedroom 1 Bath1BR,1BA$949
Brandywine1 Bed1BR,1BA$955
Canter PointeAffirmed - 1x11BR,1BA$975

Best Value Apartments for Rent in Gainesway, KY

As of April 26, 2026 the best value apartment in the Gainesway area is the $1.03 price per square foot 3 Bedroom 2.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,550. The second greatest value Gainesway apartment is the Winslow Model at MAA Mansion starting at $1,433 with a $1.34 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.
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
MAA MansionWinslow2BR,2BA$1.34
MAA LakepointeRed Hill2BR,2BA$1.37
The Colony at the OaksThe Cypress2BR,1.5BA$1.23
Mt. Tabor Apartments2 Bed, 1.5 Bath Townhome2BR,1.5BA$1.39
Brandywine1 Bed1BR,1BA$1.26
Barrel Oaks ApartmentsCozy Cul de Sac Apartment with Barrel Oaks Amen...2BR,1BA$1.40
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$1.29
Canter PointeAffirmed - 1x11BR,1BA$1.39
The Callaway1x1-A1BR,1BA$1.34

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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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 #6

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 $800.

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

The lowest price for a Cheap One Bedroom Gainesway Apartment is $865 at Breckinridge Court.

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 Barrel Oaks Apartments and starts from $1,399.

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

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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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.