1685 Alexandria Dr
LexingtonKY40504
Cheap Homes for Rent in Lexington, KY from $600 (33 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.
1972 Cambridge Dr
LexingtonKY40504
201 S Broadway St
GeorgetownKY40324
2215 Coburn Blvd
LexingtonKY40502
725 E College St
GeorgetownKY40324
1833 1/2 Marietta Dr
LexingtonKY40505
633 Ohio St
LexingtonKY40508
168 Woodland Ave
LexingtonKY40502
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.
400 Wexford Dr
WinchesterKY40391
3510 Lansdowne Dr
LexingtonKY40517
161 Wittland Ln
LexingtonKY40505
342 Waller Ave
LexingtonKY40504
426 E Fifth St
LexingtonKY40508
3573 Laredo Dr
LexingtonKY40517
356 Radcliffe Rd
LexingtonKY40505
811 Shelby Ave
LexingtonKY40505
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.
246 Warnock St
LexingtonKY40508
3673 Bass Ct
LexingtonKY40517
653 Jackson St
LexingtonKY40505
801 Marcellus Dr
LexingtonKY40505
1435 N Forbes Rd
LexingtonKY40511
537 Asbury Ln
LexingtonKY40511
408 Bainbridge Ct
LexingtonKY40509
476 Bob O Link Dr
LexingtonKY40503
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.
161 E Loudon Ave
LexingtonKY40505
208 Clyde St
LexingtonKY40508
217 Creekside Ct
LexingtonKY40504
1029 St Martins Ave
LexingtonKY40511
179 Hedgewood Ct
LexingtonKY40509
324 Turfway Dr
LexingtonKY40516
3500 Warwick Dr
LexingtonKY40517
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$1,4002 Bedroom Apartments Available Now
1176 Tatesbrook Dr, Unit A
1176 Tatesbrook DrLexington, KY 40517
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.
1494 Amster Grove Rd
WinchesterKY40391
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Lexington, KY Local Guide
How much does it cost to rent a home in Lexington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lexington 2 Bedroom Homes for Rent | $1,671 | $850 | $4,900 |
| Lexington 3 Bedroom Homes for Rent | $1,915 | $975 | $5,250 |
| Lexington 4 Bedroom Homes for Rent | $2,739 | $1,600 | $4,500 |
| Lexington 5 Bedroom Homes for Rent | $3,983 | $2,800 | $5,000 |
| Lexington 6 Bedroom Homes for Rent | $4,216 | $3,800 | $4,950 |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, KY Local Guide
- Lexington Neighborhoods
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Cheapest Neighborhoods for Apartments in Lexington, KY
Pricing Updated: 05/21/2026Current apartment rentals in the Lexington, KY area range in price from $625 to $11,123 with an overall median price of $2,469. The three Lexington neighborhoods with the lowest median rent pricing are Melrose-oak Park at $770, Calumet at $700, and Green Acres at $625. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lexington Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Melrose-oak Park | $1,172 | $770 | 6 |
| Calumet | $1,220 | $700 | 37 |
| Green Acres | $1,350 | $625 | 21 |
| Tates Creek | $1,365 | $980 | 10 |
| Winburn | $1,406 | $730 | 6 |
| Meadows - Loudon | $1,422 | $750 | 13 |
| Joyland | $1,445 | $625 | 49 |
| Outer East Lexington | $1,491 | $625 | 41 |
| Ashland Park | $1,500 | $669 | 30 |
| Castlewood | $1,500 | $625 | 68 |
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. Caballo Crossing in the Winburn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here is today’s list of the most affordable Lexington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BelleFontaine Apartment Homes | 0-1 | Studio,1BA | $685 |
| Caballo Crossing | 1 Bedroom 1 Bath | 1BR,1BA | $730 |
| The Landing at Lex | Land1.1 | 1BR,1BA | $745 |
| VELO Lexington | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
| Emerson Center 62+ Senior Apartments | Studio | Studio,1BA | $750 |
| Preakness Apartments | P11 | 1BR,1BA | $750 |
| Oxford Circle | oxf 1.1 | 1BR,1BA | $760 |
| The Dawn Run Apartments | Studio XL | Studio,1BA | $790 |
| Townhomes & Flats at Fontaine | Building C | Studio,1BA | $800 |
| Twenty Two Twenty | 2 Bedrooms, 1.5 Bathrooms | 2BR,1BA | $805 |
Best Value Apartments for Rent in Lexington, KY
As of May 21, 2026 the best value apartment in the Lexington area is the $0.53 price per square foot 525: 4 bed - 4.5 Bath Model at Latitude Lexington in the in the Downtown Lexington neighborhood starting from $774. The second greatest value Lexington apartment is the 3 Bedroom 2.5 Bath Model at The Pines starting at $1,650 with a $1.17 price per square foot in the Boone Creek neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Latitude Lexington | 525: 4 bed - 4.5 Bath | 4BR,4.5BA | $0.53 |
| The Pines | 3 Bedroom 2.5 Bath | 3BR,2.5BA | $1.17 |
| Willowbrooke Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.17 |
| Alcove at Russell Cave | 2 Bedroom 2 Bath | 2BR,2BA | $1.21 |
| Double Tree Apartments | 2 Bedroom Deluxe-Renovated | 2BR,1BA | $1.18 |
| Twenty Two Twenty | 2 Bedrooms, 1.5 Bathrooms | 2BR,1.5BA | $0.95 |
| Harrods Point Apartments - Newly remodeled | 1 Bedroom FULLY RENOVATED | 1BR,1BA | $1.24 |
| Kearney Ridge - Affordable Housing | One Bedroom | 1BR,1BA | $1.21 |
| The Landing at Lex | Land1.1 | 1BR,1BA | $1.10 |
| Preakness Apartments | P11 | 1BR,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.
Read Article
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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Lexington, KY Area Reviews
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Catrina • 4+ years in Lexington
March 15, 2026Lexington 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, 2025Lexington 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 1082 Apartments for Rent in Lexington, KY with pricing that ranges from $625 to $11,123. There are also 210 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $695 to $5,250.
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 $5,250 with an average monthly rent of $2,572.
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 $854 to $3,693, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $5,250. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $739.
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
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.
The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.
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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.