
Cheap Apartments for Rent in the Georgetown Neighborhood of Lexington, KY from $495 (92 Rentals)
Search the lowest-cost Apartments available for rent right now in the Georgetown area of Lexington.


117 Hagerman Ct

733 Hill Rise Ct

Meadowthorpe Landing - Senior Housing

Caballo Crossing

522 E 7th St

Rosetown Apartments

Davis Park Station

451 Chestnut St

159 Rand Ave
Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

Westchester on the Circle - NO VACANCY

Senior Housing 55+ - Christian Towers II

MXWL

Total Monthly Price
Oxford Circle

Alcove at Russell

170-172 Delmont Dr

Total Monthly Price
Trifecta on Red Mile - Newly Renovated!

312 S Upper St

860 S Broadway

Artek Lofts
Rent According to Income: A Look at Income-Restricted Rentals
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The Flats at 345

Total Monthly Price
The Paddock Apartments

Townley Park Apartments

Total Monthly Price
Studios180 - Short/Long Term Leases

Total Monthly Price
The Artisan

176 Market St

201 E Fifth St

Total Monthly Price
Park Plaza Apartments

576 E Third St

Total Monthly Price
Ashton Park Apartments
The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent
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Gateway Lofts Lexington

Total Monthly Price
168 Montmullin St, Unit 168 Montmullin

Total Monthly Price
326 E High St, Unit 2

Stonehurst Studios

Hillrise Place

Victory Point Apartments & Townhomes

1809 Gerald Dr

Kampus Terraces

Kampus Heights

Preakness Apartments
Lexington's Best Affordable Neighborhoods
Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

St Martin Villa

Westminster Village - Affordable Housing

Woodland Park Apartments - UTILITIES INCLUDED

426 E High St

Stableview

Imperial

Matthews House Apartments

Matador North Apartments

180 York St

Ferrill Square Apartments - 55+ Community
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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 | $1,000 | $1,845 |
| Georgetown 1 Bedroom Apartments | $1,300 | $595 | $3,237 |
| Georgetown 2 Bedroom Apartments | $1,488 | $899 | $2,727 |
| Georgetown 3 Bedroom Apartments | $1,637 | $945 | $2,450 |
| Georgetown 4 Bedroom Apartments | $1,462 | $799 | $3,400 |
Browse Apartments in this Neighborhood
There are currently 92 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 Preakness Apartments priced from $750. Caballo Crossing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here are the most affordable Georgetown apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $900 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $992 |
| MXWL | S1 | 4BR,4BA | $1,000 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $1,022 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1,050 |
| Alcove at Russell | 1 Bedroom | 1BR,1BA | $1,075 |
| Preserve Lexington | A1 | 1BR,1BA | $1,103 |
| Hub Lexington Upper | 4x2 Balcony | 4BR,2BA | $1,159 |
| Artek Lofts | 1 Bed, 1 Bath Flat | 1BR,1BA | $1,180 |
Best Value Apartments for Rent in Georgetown, KY
As of September 07, 2026 the best value apartment in the Georgetown area is the $1.15 price per square foot 3 Bedroom 2 Bath Model at Alcove at Russell Cave in the in the Winburn neighborhood starting from $1,490. The second greatest value Georgetown apartment is the 2 BR Apt w/ 1 car garage Model at Emerald Twenty Four starting at $1,718 with a $1.40 price per square foot in the Georgetown 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 2 Bath | 3BR,2BA | $1.15 |
| Emerald Twenty Four | 2 BR Apt w/ 1 car garage | 2BR,2BA | $1.40 |
| The Artisan | 2 bedroom apt | 2BR,2BA | $1.33 |
| Hub Lexington Upper | 4x2 Balcony | 4BR,2BA | $1.10 |
| Latitude Lexington | 525: 2 Bed - 2 Bath | 2BR,2BA | $1.07 |
| The Lex | 2x2 Deluxe | 2BR,2BA | $1.18 |
| Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $1.00 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.41 |
| Rosetown Apartments | Two Bedroom | 2BR,1BA | $1.39 |
| Preakness Apartments | P11 | 1BR,1BA | $1.12 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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 $1,180.
What is the price of a cheap apartment in Georgetown?
The cheapest apartment in Georgetown is Preakness Apartments which is listed at $750, while the average apartment in Georgetown costs $1,452.
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 36 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 $676 which is $776 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.
Helpful Local Expert Guides

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers
Written by: Catrina Cowart
Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

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.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.