Cheap Apartments for Rent in the Georgetown Neighborhood of Lexington, KY from $400 (79 Rentals)

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

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.

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Oxford Circle
$1,022 - $1,222
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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
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Paddock Apartments
$1,195 - $1,345
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Total Monthly Price

Base Rent
$1,195 - $1,345
Total Monthly Price
$1,195 - $1,345
1 to 2 Bedroom Apartments Available Now

The Paddock Apartments

416 Hollow Creek RdLexington, KY 40511
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The Artisan
$1,250 - $1,924
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Total Monthly Price

Base Rent
$1,250 - $1,924
Total Monthly Price
$1,250 - $1,924
1 to 3 Bedroom Apartments Available Now

The Artisan

2601 Sandersville RdLexington, KY 40511
Furnished
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Park Plaza Apartments
$1,289 - $3,695
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Total Monthly Price

Base Rent
$1,289 - $3,695
Total Monthly Price
$1,289 - $3,695
Studio to 2 Bedroom Apartments Available Now

Park Plaza Apartments

120 E Main StLexington, KY 40507
Family Friendly
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Ashton Park Apartments
Rent Specials
$1,325 - $1,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,625
Total Monthly Price
$1,325 - $1,625
1 to 2 Bedroom Apartments Available Aug 18

Ashton Park Apartments

2700 Magnolia Springs DrLexington, KY 40511
Corporate Housing
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The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

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Stonehurst Studios
Studio Apartments

Stonehurst Studios

256 Lyndhurst PlLexington, KY 40508
Student Housing
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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
Student Housing
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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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Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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426 E High St
1 Bedroom Apartments

426 E High St

426 E High StLexington, KY 40507
Student Housing
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Stableview
2 Bedroom Apartments

Stableview

1050 Horsemans LnLexington, KY 40504
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Imperial
1 to 3 Bedroom Apartments

Imperial

115 W Loudon AveLexington, KY 40508
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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
  • 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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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 Preakness Apartments priced from $750. Meadowthorpe Landing - Senior Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here are the most affordable Georgetown apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Preakness ApartmentsP111BR,1BA$750
Meadowthorpe Landing - Senior HousingOne Bedroom1BR,1BA$770
Imperial3 Beds, 2 Baths3BR,2BA$796
Senior Housing 55+ - Christian Towers IIStandard1BR,1BA$992
MXWLS14BR,4BA$1,000
Oxford Circleoxf 1.11BR,1BA$1,022
Alcove at Russell1 Bedroom1BR,1BA$1,075
Alcove at Russell Cave1 Bedroom 1 Bath1BR,1BA$1,078
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$1,180
The Paddock ApartmentsOne Bedroom1BR,1BA$1,195

Best Value Apartments for Rent in Georgetown, KY

As of July 23, 2026 the best value apartment in the Georgetown area is the $1.16 price per square foot 3 bedroom townhome w garage Model at The Artisan in the in the Georgetown neighborhood starting from $1,924. The second greatest value Georgetown apartment is the 3 BR Townhome + Garage Model at Emerald Twenty Four starting at $1,966 with a $1.30 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Artisan3 bedroom townhome w garage3BR,2BA$1.16
Emerald Twenty Four3 BR Townhome + Garage3BR,2.5BA$1.30
Latitude Lexington525: 4 bed - 4.5 Bath4BR,4.5BA$0.53
Imperial3 Beds, 2 Baths3BR,2BA$0.83
The Paddock ApartmentsOne Bedroom1BR,1BA$1.41
Alcove at Russell1 Bedroom1BR,1BA$1.43
Alcove at Russell Cave1 Bedroom 1 Bath1BR,1BA$1.44
Oxford Circleoxf 1.11BR,1BA$1.46
Preakness ApartmentsP111BR,1BA$1.12
Meadowthorpe Landing - Senior HousingOne Bedroom1BR,1BA$1.17

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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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 $1,195.

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 $6,250.

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 30 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 $584 which is $5,666 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

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