Cheap Apartments for Rent in the Georgetown Neighborhood of Lexington, KY from $500 (29 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
  • Utilities Included
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Hillrise Place
Studio Apartments

Hillrise Place

709 Hill Rise CtLexington, KY 40504
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Kampus Terraces
Studio Apartments

Kampus Terraces

317 Transylvania ParkLexington, KY 40508
Student Housing

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Kampus Heights
Studio Apartments

Kampus Heights

350 Linden WalkLexington, KY 40508
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Oxford Circle
1 Bedroom Apartments

Oxford Circle

1805 Oxford CirLexington, KY 40504
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Preakness Apartments
1 to 3 Bedroom Apartments

Preakness Apartments

1707-1724 Versailles RdLexington, KY 40504
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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
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The Lex
Studio to 4 Bedroom Apartments

The Lex

521 S BroadwayLexington, KY 40508
Student Housing
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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
  • Utilities Included

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Georgetown, Lexington, KY Local Guide

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. Oxford Circle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable Georgetown apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Oxford Circleoxf 1.11BR,1BA$735
Preakness ApartmentsP111BR,1BA$750
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Rosetown ApartmentsTwo Bedroom2BR,1BA$900
Rose Tower ApartmentsOne Bedroom1BR,1BA$950
Kampus Properties STUDENT HOUSING - 2024-'25416 Aylesford Place #62BR,1BA$998
The Flats at 345325 One Bedroom1BR,1BA$1,095
Trifecta on Red Mile - Newly Renovated!Trifecta on Red Mile - One Bedroom1BR,1BA$1,095
Hub Lexington Upper4x2 Mansion4BR,2BA$1,115

Best Value Apartments for Rent in Georgetown, KY

As of August 27, 2025 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 2 Bed, 2 Bath Classic Model at Yugo Lexington Campus Court starting at $1,479 with a $1.23 price per square foot in the North Elizabeth St neighborhood. Here is today’s list of the best values for Georgetown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerald Twenty Four3 BR Townhome + Garage3BR,2.5BA$1.27
Yugo Lexington Campus Court2 Bed, 2 Bath Classic2BR,2BA$1.23
Hub Lexington Upper3x33BR,3BA$1.17
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Latitude Lexington525: 1 Bed - 1 Bath1BR,1BA$1.75
Rosetown ApartmentsTwo Bedroom2BR,1BA$1.19
Trifecta on Red Mile - Newly Renovated!Trifecta on Red Mile - Two Bedroom2BR,1BA$1.75
Preakness ApartmentsP111BR,1BA$1.12
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
Oxford Circleoxf 1.11BR,1BA$1.32

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Pet Friendly Lifestyle
Georgetown, Lexington, KY

Ranked #38

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Georgetown Neighborhood in Lexington, KY

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

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 $1,115.

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 $3,680.

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 $1,470 which is $2,210 cheaper than the average rent for all rentals in Georgetown.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.