Cheap Apartments for Rent in the Garden Springs Neighborhood of Lexington, KY from $500 (67 Rentals)

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

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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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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504
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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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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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Preakness Apartments
1 to 3 Bedroom Apartments

Preakness Apartments

1707-1724 Versailles RdLexington, KY 40504
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1592 Alexandria Dr
1 to 2 Bedroom Apartments

1592 Alexandria Dr

1592 Alexandria DrLexington, KY 40504
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Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
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Park Vista
1 to 2 Bedroom Apartments

Park Vista

1270 Village DrLexington, KY 40504
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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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Showing Results 1-50, Page 1 of 2

Garden Springs, Lexington, KY Local Guide

Cheapest Available Garden Springs Apartments for Rent

 

The cheapest available apartment rental in the Garden Springs area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Garden Springs apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Harrods Point Apartments - Newly remodeledSmall one Bedroom1BR,1BA$929
1901 Apartments1BR - 1BTH Upgraded1BR,1BA$945
The Vue Lexington1 Bed 1 Bath1BR,1BA$949
Flats at Beaumont -Newly-Renovated Condo-Style!Newly-Renovated Studio Apartments!Studio,1BA$950
Senior Housing 55+ - Christian Towers IIStandard1BR,1BA$992

Best Value Apartments for Rent in Garden Springs, KY

As of May 25, 2026 the best value apartment in the Garden Springs area is the $0.53 price per square foot 525: 4 bed - 4.5 Bath Model at Latitude Lexington in the in the Downtown Lexington neighborhood starting from $774. The second greatest value Garden Springs apartment is the 2 Bedroom Model at Palomar View Apartments starting at $1,495 with a $1.37 price per square foot in the Stonewall Community neighborhood. Here is today’s list of the best values for Garden Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Latitude Lexington525: 4 bed - 4.5 Bath4BR,4.5BA$0.53
Palomar View Apartments2 Bedroom2BR,2BA$1.37
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Regency Apartments at SouthlandFurnished Executive Unit - 1B & 2B1BR,1BA$1.57
1901 Apartments2BR - 1BTH Renovated2BR,1BA$1.51
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
Preakness ApartmentsP111BR,1BA$1.12
The Vue Lexington1 Bed 1 Bath1BR,1BA$1.58
Oxford Circleoxf 1.11BR,1BA$1.36

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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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
Garden Springs, Lexington, KY

Ranked #25

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
Garden Springs, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Lexington. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, family-friendliness, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Garden Springs Apartments

What is a cheap apartment in Garden Springs?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Garden Springs is under $992.

What is the price of a cheap apartment in Garden Springs?

The cheapest apartment in Garden Springs is VELO Lexington which is listed at $745, while the average apartment in Garden Springs costs $4,850.

What types of apartments are the cheapest in Garden Springs?

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 Garden Springs 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 Garden Springs?

Cheap apartments in Garden Springs have an average cost of $675 which is $4,175 cheaper than the average rent for all rentals in Garden Springs.

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

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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

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