
Cheap Apartments for Rent in the Georgetown Neighborhood of Lexington, KY from $400 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Georgetown area of Lexington.


Caballo Crossing

Meadowthorpe Landing - Senior Housing

Rosetown Apartments

Total Monthly Price
Matador North Apartments

Ferrill Square Apartments - 55+ Community

Kampus Properties STUDENT HOUSING - 2024-'25

468 N Limestone

Davis Park Station
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903-905 Highland Dr

402 Gunn St

539 Pemberton St

419 Douglas Ave

Westchester on the Circle - NO VACANCY

Senior Housing 55+ - Christian Towers II

146 Kentucky Ave

Total Monthly Price
305 E Maxwell St, Unit #1

265 N Limestone
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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.

Stonehurst Studios

Hillrise Place

Victory Point Apartments & Townhomes

Kampus Terraces

Kampus Heights

Preakness Apartments

St Martin Villa

Oxford Circle

Westminster Village - Affordable Housing
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Woodland Park Apartments - UTILITIES INCLUDED

426 E High St

Stableview

Matthews House Apartments

Derby Pointe

Arlington Lofts

330 Newtown Apartments

Whitney Woods

Fox Run Apartments
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Rose Tower Apartments

Central Christian Church Apartments
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 | $1,341 | $525 | $2,460 |
| Georgetown 1 Bedroom Apartments | $1,460 | $700 | $3,156 |
| Georgetown 2 Bedroom Apartments | $1,441 | $854 | $2,495 |
| Georgetown 3 Bedroom Apartments | $1,666 | $950 | $3,300 |
| Georgetown 4 Bedroom Apartments | $1,177 | $739 | $3,550 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Georgetown Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Georgetown, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
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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 $700. 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 | $700 |
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $760 |
| Matador North Apartments | Studio | Studio,1BA | $800 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
| Rose Tower Apartments | One Bedroom | 1BR,1BA | $950 |
| Senior Housing 55+ - Christian Towers II | Standard | 1BR,1BA | $992 |
| Alcove at Russell | 1 Bedroom | 1BR,1BA | $1,075 |
| Preserve Lexington | A1 | 1BR,1BA | $1,090 |
| Trifecta on Red Mile - Newly Renovated! | Trifecta on Red Mile - One Bedroom | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Georgetown, KY
As of March 07, 2026 the best value apartment in the Georgetown area is the $1.27 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Georgetown neighborhood starting from $1,909. The second greatest value Georgetown apartment is the Magnolia Model at Ashton Park Apartments starting at $1,600 with a $1.48 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. |
|---|---|---|---|
| Emerald Twenty Four | 3 BR Townhome + Garage | 3BR,2.5BA | $1.27 |
| Ashton Park Apartments | Magnolia | 2BR,2BA | $1.48 |
| Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Alcove at Russell | 1 Bedroom | 1BR,1BA | $1.43 |
| Matador North Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.25 |
| 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 |
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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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 $1,095.
What is the price of a cheap apartment in Georgetown?
The cheapest apartment in Georgetown is Caballo Crossing which is listed at $700, 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 40 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 $827 which is $4,373 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.

Maximizing Your Refund: Essential Tax Tips for Renters
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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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.