
Cheap Apartments for Rent in the Highlands Neighborhood of Lexington, KY from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highlands area of Lexington.


Caballo Crossing

Meadowthorpe Landing - Senior Housing

Total Monthly Price
Matador North Apartments

Ferrill Square Apartments - 55+ Community

The Oasis at Kearney Creek - Senior 55+
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Total Monthly Price
Kearney Ridge - Affordable Housing

Westchester on the Circle - NO VACANCY

Wood Edge Villas

Victory Point Apartments & Townhomes

St Martin Villa

Derby Pointe
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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 | $959 | $525 | $1,359 |
| Highlands 1 Bedroom Apartments | $1,241 | $700 | $1,695 |
| Highlands 2 Bedroom Apartments | $1,608 | $858 | $2,200 |
| Highlands 3 Bedroom Apartments | $1,933 | $1,260 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Highlands Neighborhood of Lexington, KY.
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Highlands, Lexington, KY Local Guide
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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 $700. Matador North Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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 | $700 |
| Matador North Apartments | Studio | Studio,1BA | $800 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
| Kearney Ridge - Affordable Housing | One Bedroom | 1BR,1BA | $885 |
| Victory Point Apartments & Townhomes | 3 Bed Townhome New Construction | 3BR,2BA | $1,115 |
Best Value Apartments for Rent in Highlands, KY
As of February 20, 2026 the best value apartment in the Highlands 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 Highlands apartment is the 2609 Bourbon Walk Model at Citation Lofts starting at $2,200 with a $1.47 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Emerald Twenty Four | 3 BR Townhome + Garage | 3BR,2.5BA | $1.27 |
| Citation Lofts | 2609 Bourbon Walk | 2BR,2BA | $1.47 |
| Victory Point Apartments & Townhomes | 3 Bed Townhome New Construction | 3BR,2.5BA | $0.91 |
| Gated Villa Apartments at Kearney | Two Bedroom | 2BR,2BA | $1.38 |
| Ashton Park Apartments | Acacia | 2BR,2BA | $1.49 |
| The Paddock Apartments | One Bedroom | 1BR,1BA | $1.32 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $0.93 |
| Matador North Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.25 |
| Kearney Ridge - Affordable Housing | One Bedroom | 1BR,1BA | $1.21 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $1.22 |
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How much rent can you afford?
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Pet Friendly LifestyleHighlands, Lexington, KY
Ranked #78
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 $700, while the average apartment in Highlands costs $1,909.
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.
How do the prices of cheap apartments compare to the average apartment in Highlands?
Cheap apartments in Highlands have an average cost of $337 which is $1,572 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.