Cheap Apartments for Rent in the Highlands Neighborhood of Lexington, KY from $600 (28 Rentals)

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

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The Paddock Apartments
$1,125 - $1,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,265

Total Monthly Price
$1,125 - $1,265
1 to 2 Bedroom Apartments Available Now

The Paddock Apartments

416 Hollow Creek RdLexington, KY 40511
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Emerald Twenty Four
Rent Specials
$1,189 - $1,936
Total Monthly Price

Total Monthly Price

Base Rent
$1,189 - $1,936

Total Monthly Price
$1,189 - $1,936
Studio to 3 Bedroom Apartments Available Now

Emerald Twenty Four

1024 Greendale RdLexington, KY 40511
Student Housing
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  • Customer Reviewed
  • Utilities Included
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The Artisan
$1,250 - $1,924
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,924

Total Monthly Price
$1,250 - $1,924
1 to 3 Bedroom Apartments Available Jun 3

The Artisan

2601 Sandersville RdLexington, KY 40511
Furnished
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  • Customer Reviewed
  • Utilities Included
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Ashton Park Apartments
$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 12

Ashton Park Apartments

2700 Magnolia Springs DrLexington, KY 40511
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Wood Edge Villas
1 to 3 Bedroom Apartments

Wood Edge Villas

2781 Jacquelyn LnLexington, KY 40511
  • Utilities Included

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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
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Fox Run Apartments
Studio to 3 Bedroom Apartments

Fox Run Apartments

1840 Mccullough DrLexington, KY 40511
  • Utilities Included
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Townley Park East
1 to 2 Bedroom Apartments

Townley Park East

158 Louie PlLexington, KY 40511
  • Utilities Included
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Oakdale Apartments
1 to 3 Bedroom Apartments

Oakdale Apartments

2445 Mulundy WayLexington, KY 40511
  • Utilities Included

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Greendale Townhomes
2 to 3 Bedroom Apartments

Greendale Townhomes

1025 Greendale RdLexington, KY 40511
  • Utilities Included
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Sandersville Townhomes
2 to 3 Bedroom Apartments

Sandersville Townhomes

2813 Sandersville RdLexington, KY 40511
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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.

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 Caballo Crossing priced from $730. Kearney Ridge - Affordable Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $885. Here are the most affordable Highlands apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$730
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$885
The Paddock ApartmentsOne Bedroom1BR,1BA$1,125
Gated Villa Apartments at Kearney1BR/ 1 BA1BR,1BA$1,198
The Artisan1 bedroom apt1BR,1BA$1,250
Emerald Twenty Four3 BR Apt.3BR,2BA$1,765
FIFTEEN51 Apartments of LexingtonMaple2BR,2BA$1,835
Citation Lofts2613 Bourbon Walk2BR,2BA$3,000

Best Value Apartments for Rent in Highlands, KY

As of May 21, 2026 the best value apartment in the Highlands area is the $1.29 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Georgetown neighborhood starting from $1,936. The second greatest value Highlands apartment is the 186 Robinson Way Model at Citation Lofts starting at $3,000 with a $2.00 price per square foot in the St. Martins Village 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 Townhome + Garage3BR,2.5BA$1.29
Citation Lofts186 Robinson Way2BR,2BA$2.00
FIFTEEN51 Apartments of LexingtonMaple2BR,2BA$1.76
Gated Villa Apartments at Kearney2 BR / 2BA2BR,2BA$1.57
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$1.21

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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Pet Friendly Lifestyle
Highlands, Lexington, KY

Ranked #72

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Highlands Apartments

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 5 regular apartments in Highlands 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 Highlands?

Cheap apartments in Highlands have an average cost of $393 which is $1,523 cheaper than the average rent for all rentals in Highlands.

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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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 Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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