
Cheap Apartments for Rent in the Highlands Neighborhood of Lexington, KY from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highlands area of Lexington.


707-709 Paul Ave

Caballo Crossing

Meadowthorpe Landing - Senior Housing

Total Monthly Price
Matador North Apartments

Ferrill Square Apartments - 55+ Community

The Oasis at Kearney Creek - Senior 55+

Total Monthly Price
Kearney Ridge - Affordable Housing
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

Westchester on the Circle - NO VACANCY

Total Monthly Price
The Paddock Apartments

Total Monthly Price
Emerald Twenty Four

Total Monthly Price
Gated Villa Apartments at Kearney

Total Monthly Price
The Artisan

FIFTEEN51 Apartments of Lexington

Total Monthly Price
Ashton Park Apartments

Wood Edge Villas
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.

Victory Point Apartments & Townhomes

St Martin Villa

Derby Pointe

Fox Run Apartments

Townley Park East

Lincoln Terrace Apartments

Oakdale Apartments

Townley Park Apartments
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.

1435 N Forbes Rd

486 Price Rd

433 Lindberg Dr

Greendale Townhomes

Sandersville Townhomes

747 Florence Ave

915 Whitney Ave

1840 Costigan Dr
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.
Highlands, Lexington, KY Local Guide

How much does it cost to rent an apartment in Highlands?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Highlands Studio Apartments | $972 | $525 | $1,474 |
| Highlands 1 Bedroom Apartments | $1,259 | $700 | $1,645 |
| Highlands 2 Bedroom Apartments | $1,637 | $858 | $2,200 |
| Highlands 3 Bedroom Apartments | $1,939 | $1,260 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Highlands Neighborhood of Lexington, KY.
See all Apartments in LexingtonExplore Lexington
Highlands, Lexington, KY Local Guide
- Nearby Lexington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Ferrill Square Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $806. Here are the most affordable Highlands apartments for rent in Lexington, KY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $730 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
| Kearney Ridge - Affordable Housing | One Bedroom | 1BR,1BA | $885 |
| Emerald Twenty Four | Studio | Studio,1BA | $1,189 |
| Gated Villa Apartments at Kearney | 1 BR / 1 BA | 1BR,1BA | $1,200 |
| Ashton Park Apartments | Acacia | 2BR,2BA | $1,400 |
| FIFTEEN51 Apartments of Lexington | Blend | 1BR,1BA | $1,495 |
| The Artisan | 3 bedroom PHASE II | 3BR,2BA | $1,735 |
| Citation Lofts | 2613 Bourbon Walk | 2BR,2BA | $1,900 |
Best Value Apartments for Rent in Highlands, KY
As of April 06, 2026 the best value apartment in the Highlands area is the $1.47 price per square foot 2609 Bourbon Walk Model at Citation Lofts in the in the St. Martins Village neighborhood starting from $2,200. The second greatest value Highlands apartment is the 3 bedroom PHASE II Model at The Artisan starting at $1,735 with a $1.31 price per square foot in the Georgetown neighborhood. Here is today’s list of the best values for Highlands apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Citation Lofts | 2609 Bourbon Walk | 2BR,2BA | $1.47 |
| The Artisan | 3 bedroom PHASE II | 3BR,2BA | $1.31 |
| Ashton Park Apartments | Acacia | 2BR,2BA | $1.49 |
| Gated Villa Apartments at Kearney | 1 BR / 1 BA | 1BR,1BA | $1.49 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.97 |
| Kearney Ridge - Affordable Housing | One Bedroom | 1BR,1BA | $1.21 |
| FIFTEEN51 Apartments of Lexington | Blend | 1BR,1BA | $2.21 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
| Emerald Twenty Four | Studio | Studio ,1BA | $2.00 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Pet Friendly LifestyleHighlands, Lexington, KY
Ranked #79
Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Highlands, Lexington, KY
School data provided by Great Schools
Frequently Asked Questions about Cheap Highlands Apartments
What is the price of a cheap apartment in Highlands?
The cheapest apartment in Highlands is Caballo Crossing which is listed at $730, while the average apartment in Highlands costs $1,936.
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 6 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 $314 which is $1,622 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.
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
Written by: Christine Leonard, Esq.
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.