Cheap Apartments for Rent in the Garden Springs Neighborhood of Lexington, KY from $500 (69 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Garden Springs 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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Oxford Circle
$1,022 - $1,222
Total Monthly Price

Total Monthly Price

Base Rent
$1,022 - $1,222
Total Monthly Price
$1,022 - $1,222
1 Bedroom Apartments Available Now

Oxford Circle

1805 Oxford CirLexington, KY 40504
Affordability
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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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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
  • 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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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
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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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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
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Preakness Apartments priced from $750. Emerson Center 62+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Garden Springs apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$775
Park VistaPV1.11BR,1BA$829
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$895
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$900
Parkside Apartments2 Bedroom2BR,1BA$910
Harrods Point Apartments - Newly remodeledSmall one Bedroom1BR,1BA$929
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$935

Best Value Apartments for Rent in Garden Springs, KY

As of July 09, 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 Bedrooms W/ Balcony Model at Thoroughbred Crossing starting at $1,200 with a $1.25 price per square foot in the Beaumont Residential 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
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
2220 Apartments2BR - 1.5BTH2BR,1.5BA$1.12
Parkside Apartments2 Bedroom2BR,1BA$1.13
Harrods Point Apartments - Newly remodeled1 Bedroom FULLY RENOVATED1BR,1BA$1.24
Rivers at BluegrassRenovated 1 Bed / 1 Bath1BR,1BA$1.20
Park VistaPV1.11BR,1BA$1.12
Preakness ApartmentsP111BR,1BA$1.12
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$1.15
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$1.21

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
Garden Springs, Lexington, KY

Ranked #20

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 $935.

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

The cheapest apartment in Garden Springs is Preakness Apartments which is listed at $750, while the average apartment in Garden Springs costs $3,625.

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 15 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 $601 which is $3,024 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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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

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

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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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