Cheap Homes for Rent in Lexington, KY from $600 (56 Rentals)

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Search the lowest-cost Homes available for rent right now in Lexington.

property at 1120 Johnson Ave

$974

Total Monthly Price

Total Monthly Price

Base Rent
$974
Total Monthly Price
$974

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1120 Johnson Ave

GeorgetownKY40324

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Finding the right neighborhood near your Lexington workplace doesn't have to be complicated. Our local expert breaks down the best areas to rent near Toyota, UK, Lexmark, and more.

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property at 470 Anniston Dr

$1,088

Total Monthly Price

Total Monthly Price

Base Rent
$1,088
Total Monthly Price
$1,088

2 Bedroom, 1 Bath Townhome for Rent

Available Now

470 Anniston Dr

LexingtonKY40505

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2121 Nicholasville Rd

$1,180

Total Monthly Price

Total Monthly Price

Base Rent
$1,180
Total Monthly Price
$1,180

1 Bedroom, 1 Bath Condo for Rent

Available Now

2121 Nicholasville Rd, Unit 801

2121 Nicholasville Rd
LexingtonKY40503
property at 3573 Laredo Dr

$929 - $1,199

2 Bedroom Rentals

Available Now

3573 Laredo Dr

LexingtonKY40517

The Southern Spirit: Your Guide to Finding the Perfect Area of Lexington to Rent

Discover Lexington's unique balance of lively downtown growth, university energy, and friendly Southern spirit. A local guide to neighborhoods, dining, and outdoor life.

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property at 616 Bellaire Ave

$1,050 - $1,300

1 To 2 Bedroom Rentals

Available Now

616 Bellaire Ave

LexingtonKY40508
property at 1359 Dix Dr

$1,325

3 Bedroom Rentals

Available Sep 1

1359 Dix Dr

LexingtonKY40517

Lexington's Best Affordable Neighborhoods

Learn about Lexington and the best places to live with original content written by our Local Expert Catrina Cowart

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Lexington, KY Local Guide

Cheapest Neighborhoods for Apartments in Lexington, KY

Pricing Updated: 08/20/2026

Current apartment rentals in the Lexington, KY area range in price from $540 to $6,250 with an overall median price of $1,363. The three Lexington neighborhoods with the lowest median rent pricing are Meadows - Loudon at $1,002, Ohio Chestnut Street at $1,050, and Ashland Park at $1,052. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lexington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Meadows - Loudon$1,002$81516
Ohio Chestnut Street$1,050$8755
Ashland Park$1,052$81021
Shadeland Community$1,059$89523
Southern Heights$1,059$79514
Calumet$1,095$78553
Beaumont Residential$1,105$75096
Outer West Lexington$1,105$750115
Outer East Lexington$1,110$62545
Hollywood$1,120$97013

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in Lexington, KY is a Studio unit found at BelleFontaine Apartment Homes in the Boone Creek neighborhood priced from $685. Preakness Apartments in the Beaumont Residential neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
Preakness ApartmentsP111BR,1BA$750
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Meadowthorpe Landing - Senior HousingOne Bedroom1BR,1BA$770
Wellington Park ApartmentsOne Bed One Bath1BR,1BA$775
The Dawn Run ApartmentsStudio XLStudio,1BA$790
Imperial3 Beds, 2 Baths3BR,2BA$796
Valore at the Baxter1 Bed | 1 Bath1BR,1BA$799
109 Withers Ave1 Beds, 1 Baths1BR,1BA$825

Best Value Apartments for Rent in Lexington, KY

As of August 20, 2026 the best value apartment in the Lexington area is the $1.07 price per square foot The Starpine Model at EAGLE CREEK TOWNHOMES in the in the Boone Creek neighborhood starting from $1,605. The second greatest value Lexington apartment is the WYATT-4 Model at The Wyatt starting at $959 with a $0.65 price per square foot in the Downtown Lexington neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
EAGLE CREEK TOWNHOMESThe Starpine3BR,2.5BA$1.07
The WyattWYATT-44BR,4BA$0.65
Saddle Run TownhomesPasadena2BR,1.5BA$0.96
Elk River2B2B2BR,2BA$1.06
Imperial3 Beds, 2 Baths3BR,2BA$0.83
Park VistaPV2.12BR,1BA$0.97
Malabu Terrace Condominiums1 Beds, 1 Baths1BR,1BA$1.02
2220 Apartments2BR - 1.5BTH2BR,1.5BA$1.12
The Dawn Run Apartments1x1 + Den1BR,1BA$1.03
Preakness ApartmentsP111BR,1BA$1.12

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Lexington, KY Area Reviews

  • Parks
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  • Restaurants
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  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Catrina • 4+ years in Lexington

March 15, 2026

Lexington is a great place to live, and depending on which part of the city you choose, it can be good for students, families, private individuals, people who want to be close to shopping, etc. The sky is the limit in Lexington for foodies, and if you enjoy Bourbon, this is the place to be. Traffic is abysmal at certain times of the day (especially inside the circle) but if you can drive outside rush hours, you'll be fine.

Catrina • 4+ years in Lexington

February 25, 2025

Lexington is a great place for people of all types. It is, interestingly, highly bilingual, with many Spanish-speaking residents. Public transportation throughout Lexington is not the best, and the cost of living has skyrocketed in recent years. That being said, it is very safe for a city, and while I've experienced petty theft twice, both times were because I had left my vehicle unlocked at an apartment complex. The outdoor areas are beautiful here, and there are more restaurants than you'd know what to do with. Overall, you get modern amenities with a southern touch.

Frequently Asked Questions about Lexington

What type of rentals are currently available in Lexington?

There are currently 1097 Apartments for Rent in Lexington, KY with pricing that ranges from $540 to $6,250. There are also 250 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $695 to $4,999.

What is the current price range for Rental Homes in Lexington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lexington ranges from $695 to $4,999 with an average monthly rent of $1,898.

How much are larger Three and Four Bedroom Rentals in Lexington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lexington range from $815 to $4,211, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $4,999. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $799.

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

decorative image for Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers article

Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

decorative image for The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington article

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

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

decorative image for The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities article

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

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.