
Cheap Apartments for Rent in the Georgetown Neighborhood of Lexington, KY from $400 (72 Rentals)
Search the lowest-cost Apartments available for rent right now in the Georgetown area of Lexington.


218 E 7th St

Caballo Crossing

Meadowthorpe Landing - Senior Housing

Total Monthly Price
Matador North Apartments

Rosetown Apartments

Ferrill Square Apartments - 55+ Community

Davis Park Station

240-242 E Fourth St

402 Gunn St
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.

Westchester on the Circle - NO VACANCY

Senior Housing 55+ - Christian Towers II

Preserve Lexington

1975 Russell Cave Rd

Alcove at Russell

Total Monthly Price
Trifecta on Red Mile - Newly Renovated!

123 Montmullin St

227 E 7th St

Total Monthly Price
The Paddock Apartments

Artek Lofts
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.

Total Monthly Price
Emerald Twenty Four

The Flats at 345

Total Monthly Price
Studios180 - Short/Long Term Leases

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The Artisan

Total Monthly Price
Park Plaza Apartments

Total Monthly Price
Ashton Park Apartments

170 E Loudon Ave

Gateway Lofts Lexington

Stonehurst Studios

Hillrise Place
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.

Victory Point Apartments & Townhomes

Kampus Terraces

Kampus Heights

Preakness Apartments

308 E 7th St

St Martin Villa

Oxford Circle

Westminster Village - Affordable Housing

Woodland Park Apartments - UTILITIES INCLUDED

426 E High St
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.

Stableview

Matthews House Apartments

Derby Pointe

Arlington Lofts

330 Newtown Apartments

704 Jackson St

Christian Tpwers

Whitney Woods

Fox Run Apartments

Rose Tower Apartments
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.
Georgetown, Lexington, KY Local Guide

How much does it cost to rent an apartment in Georgetown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Georgetown Studio Apartments | $1,432 | $589 | $2,317 |
| Georgetown 1 Bedroom Apartments | $1,537 | $730 | $2,888 |
| Georgetown 2 Bedroom Apartments | $1,481 | $854 | $2,369 |
| Georgetown 3 Bedroom Apartments | $1,638 | $1,000 | $2,700 |
| Georgetown 4 Bedroom Apartments | $948 | $739 | $1,059 |
Browse Apartments in this Neighborhood
There are currently 72 rentals with your search options within a 2 mile radius of the Georgetown Neighborhood of Lexington, KY.
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Georgetown, Lexington, KY Local Guide
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Cheapest Available Georgetown Apartments for Rent
 The cheapest available apartment rental in the Georgetown area of Lexington, KY is a 1 Bed unit found at Caballo Crossing priced from $730. Preakness Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Georgetown apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $730 |
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $760 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $992 |
| Preserve Lexington | A1 | 1BR,1BA | $999 |
| Alcove at Russell | 1 Bedroom | 1BR,1BA | $1,075 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1,095 |
| Hub Lexington Upper | 4x2 Mansion | 4BR,2BA | $1,115 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Georgetown, KY
As of April 22, 2026 the best value apartment in the Georgetown area is the $1.15 price per square foot 3 Bedroom 3 Bath Model at Alcove at Russell Cave in the in the Winburn neighborhood starting from $1,488. The second greatest value Georgetown apartment is the One Bedroom Model at The Paddock Apartments starting at $1,125 with a $1.32 price per square foot in the Winburn neighborhood. Here is today’s list of the best values for Georgetown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Alcove at Russell Cave | 3 Bedroom 3 Bath | 3BR,2BA | $1.15 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Latitude Lexington | 525: 1 Bed - 1 Bath | 1BR,1BA | $1.75 |
| Alcove at Russell | 1 Bedroom | 1BR,1BA | $1.43 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.97 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - Two Bedroom | 2BR,1BA | $1.75 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $1.59 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $1.36 |
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Georgetown, Lexington, KY
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Lexington. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Georgetown Apartments
What is a cheap apartment in Georgetown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Georgetown is under $1,125.
What is the price of a cheap apartment in Georgetown?
The cheapest apartment in Georgetown is Caballo Crossing which is listed at $730, while the average apartment in Georgetown costs $5,200.
What types of apartments are the cheapest in Georgetown?
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 35 regular apartments in Georgetown 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 Georgetown?
Cheap apartments in Georgetown have an average cost of $629 which is $4,571 cheaper than the average rent for all rentals in Georgetown.
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

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.

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.

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.

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.