Cheap Apartments for Rent in the Highlands Neighborhood of Lexington, KY from $500 (32 Rentals)

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

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.

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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 Apr 10

The Paddock Apartments

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

The Artisan

2601 Sandersville RdLexington, KY 40511
Furnished
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  • Utilities Included
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Ashton Park Apartments
Rent Specials
$1,300 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,600

Total Monthly Price
$1,300 - $1,600
1 to 2 Bedroom Apartments Contact Us For Availability

Ashton Park Apartments

2700 Magnolia Springs DrLexington, KY 40511
Corporate Housing
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  • 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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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.

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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

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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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

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

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 ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$730
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$885
Emerald Twenty FourStudioStudio,1BA$1,189
Gated Villa Apartments at Kearney1 BR / 1 BA1BR,1BA$1,200
Ashton Park ApartmentsAcacia2BR,2BA$1,400
FIFTEEN51 Apartments of LexingtonBlend1BR,1BA$1,495
The Artisan3 bedroom PHASE II3BR,2BA$1,735
Citation Lofts2613 Bourbon Walk2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Citation Lofts2609 Bourbon Walk2BR,2BA$1.47
The Artisan3 bedroom PHASE II3BR,2BA$1.31
Ashton Park ApartmentsAcacia2BR,2BA$1.49
Gated Villa Apartments at Kearney1 BR / 1 BA1BR,1BA$1.49
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.97
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$1.21
FIFTEEN51 Apartments of LexingtonBlend1BR,1BA$2.21
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
Emerald Twenty FourStudioStudio ,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.

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

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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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Pet Friendly Lifestyle
Highlands, Lexington, KY

Ranked #79

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 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

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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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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.

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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.

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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.