
Cheap Homes for Rent in Lexington, KY from $700 (33 Rentals)
Search the lowest-cost Homes available for rent right now in Lexington.


1021 Cross Keys Rd

528 Michigan St

706 Jackson St

1574 Kilkenny Dr

1962 Cambridge Dr

1025 Cross Keys Rd

826 Warfield Pl
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583 Eureka Springs Dr

2640 Tates Creek Rd

329 Chambers Ave

1124 Greentree Ct

589 Delzan Plz, Unit 4
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163 E Sixth St

165 E Sixth St

3573 Laredo Dr

201 S Broadway St

118 Simbas Path

1771 Harrodsburg Rd

591 Wilderness Rd

570 Anniston Dr

858 Whitney Ave

549 Haskins Dr

555 N Limestone
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507 Platt Dr

434 N Martin Luther King Blvd

577 El Paseo Pl

120 Montmullin St

127 Prall St
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119 Suburban Ct

457 Woodview Dr

501 Lee Ct

1248 Hot Springs Ct
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 | $1,644 | $899 | $3,600 |
Lexington 3 Bedroom Homes for Rent | $1,975 | $1,100 | $5,000 |
Lexington 4 Bedroom Homes for Rent | $2,635 | $1,495 | $6,000 |
Lexington 5 Bedroom Homes for Rent | $2,727 | $2,195 | $3,099 |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, KY Local Guide
- Lexington Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lexington, KY
Pricing Updated: 08/03/2025Current apartment rentals in the Lexington, KY area range in price from $600 to $7,003 with an overall median price of $2,593. The three Lexington neighborhoods with the lowest median rent pricing are Calumet at $755, Melrose-oak Park at $740, and Ohio Chestnut Street at $725. 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 |
---|---|---|---|
Calumet | $1,220 | $755 | 17 |
Melrose-oak Park | $1,250 | $740 | 7 |
Ohio Chestnut Street | $1,295 | $725 | 8 |
Meadows - Loudon | $1,300 | $800 | 16 |
Outer East Lexington | $1,329 | $625 | 44 |
East Lexington | $1,339 | $625 | 57 |
Green Acres | $1,350 | $625 | 32 |
Joyland | $1,354 | $625 | 61 |
Winburn | $1,419 | $700 | 14 |
Western Suburbs | $1,525 | $740 | 34 |
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 $700. 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 | $700 |
VELO - Waller Avenue | NEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO... | 1BR,1BA | $745 |
Cedarwood | Jonah | Studio,1BA | $749 |
1592 Alexandria Dr | 1 Beds, 1 Baths | 1BR,1BA | $750 |
Preakness Apartments | P11 | 1BR,1BA | $750 |
Twenty Two Twenty | 2 Bedrooms, 1.5 Bathrooms | 2BR,1BA | $805 |
Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,1BA | $806 |
Best Value Apartments for Rent in Lexington, KY
As of August 04, 2025 the best value apartment in the Lexington area is the $1.11 price per square foot B4 Stanton - 2 Bedroom, 3 Bathroom Model at Hamburg Farms in the in the Liberty Area neighborhood starting from $1,831. The second greatest value Lexington apartment is the 3 Bedroom 2.5 Bath Model at The Pines starting at $1,500 with a $1.07 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. |
---|---|---|---|
Hamburg Farms | B4 Stanton - 2 Bedroom, 3 Bathroom | 2BR,3BA | $1.11 |
The Pines | 3 Bedroom 2.5 Bath | 3BR,2.5BA | $1.07 |
Life at Lexington | Juniper | 2BR,1BA | $1.09 |
1592 Alexandria Dr | 2 Beds, 2 Baths | 2BR,2BA | $1.18 |
Caballo Crossing | 2 Bedroom 1 Bath | 2BR,1BA | $0.95 |
Double Tree Apartments | 2 Bedroom Deluxe-Renovated | 2BR,1BA | $1.18 |
Twenty Two Twenty | 2 Bedrooms, 1.5 Bathrooms | 2BR,1.5BA | $0.95 |
The Dawn Run Apartments | 2x1 SM | 2BR,1BA | $1.08 |
Park Vista | PV1.1 | 1BR,1BA | $1.12 |
Preakness Apartments | P11 | 1BR,1BA | $1.12 |
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Lexington, KY Area Reviews
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 1058 Apartments for Rent in Lexington, KY with pricing that ranges from $600 to $5,499. There are also 189 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $725 to $6,000.
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 $725 to $6,000 with an average monthly rent of $2,156.
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 $5,247, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $739.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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 Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.