Cheap Apartments for Rent in the Highlands Neighborhood of Lexington, KY from $600 (15 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Wood Edge Villas
1 to 3 Bedroom Apartments

Wood Edge Villas

2781 Jacquelyn LnLexington, KY 40511
  • Utilities Included

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.

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St Martin Villa
1 to 2 Bedroom Apartments

St Martin Villa

412-422 Lima DrLexington, KY 40511
  • Utilities Included
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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
  • Utilities Included

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.

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Fox Run Apartments
1 to 3 Bedroom Apartments

Fox Run Apartments

1840 Mccullough DrLexington, KY 40511
  • Utilities Included

Highlands, Lexington, KY Local Guide

Cheapest Available Highlands Apartments for Rent

 

The cheapest available apartment rental in the Highlands area of Lexington, KY is a 1 Bed unit found at The Oasis at Kearney Creek - Senior 55+ priced from $805. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $854. Here are the most affordable Highlands apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
The Oasis at Kearney Creek - Senior 55+One Bedroom - Senior 55+1BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$854
The Flats at 345325 One Bedroom1BR,1BA$1,095
The Paddock ApartmentsOne Bedroom1BR,1BA$1,125
Studios180 - Short/Long Term LeasesStudioStudio,1BA$1,195

Best Value Apartments for Rent in Highlands, KY

As of June 13, 2025 the best value apartment in the Highlands area is the $1.23 price per square foot 3 BR Apt. Model at Emerald Twenty Four in the in the Winburn neighborhood starting from $1,714. The second greatest value Highlands apartment is the Madison 2A Model at The Village at Great Acres starting at $1,975 with a $1.63 price per square foot in the Redd Road Rural Historic District neighborhood. Here is today’s list of the best values for Highlands apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerald Twenty Four3 BR Apt.3BR,2BA$1.23
The Village at Great AcresMadison 2A2BR,2.5BA$1.63
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Townley Park ApartmentsSavannah2BR,2BA$1.67
The Oasis at Kearney Creek - Senior 55+One Bedroom - Senior 55+1BR,1BA$1.15
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.29
The Flats at 345325 One Bedroom1BR,1BA$2.11
FIFTEEN51 Apartments of LexingtonBarrelStudio ,1BA$2.76
Studios180 - Short/Long Term LeasesFurnished StudioStudio ,1BA$3.70

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Frequently Asked Questions about Cheap Highlands Apartments

What is a cheap apartment in Highlands?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Highlands is under $1,975.

What is the price of a cheap apartment in Highlands?

The cheapest apartment in Highlands is The Oasis at Kearney Creek - Senior 55+ which is listed at $805, while the average apartment in Highlands costs $1,838.

What types of apartments are the cheapest in Highlands?

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 7 regular apartments in Highlands that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.