Cheap Homes for Rent in Lexington, KY from $700 (100 Rentals)

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property at 3573 Laredo Dr

3573 Laredo Dr

LexingtonKY40517
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Lexington, KY Local Guide

Cheapest Neighborhoods for Apartments in Lexington, KY

Pricing Updated: 11/05/2025

Current apartment rentals in the Lexington, KY area range in price from $725 to $5,500 with an overall median price of $3,127. The three Lexington neighborhoods with the lowest median rent pricing are Andover Forest at $1,350, Calumet at $725, and Brucetown at $995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lexington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Andover Forest$1,350$1,3501
Calumet$1,362$7258
Brucetown$1,600$9958
Gainesway$1,625$1,1008
Stoney Brook$1,625$1,1999
Cardinal Valley$1,650$72510
Melrose-oak Park$1,650$97516
Tates Creek$1,700$1,1005
Wyndham Hills$1,750$1,7501
Belleau Woods$1,797$1,1999

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. Longwood in the Boone Creek neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $730. Here is today’s list of the most affordable Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
LongwoodJeffery2BR,2BA$730
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodJonahStudio,1BA$749
1592 Alexandria Dr1 Beds, 1 Baths1BR,1BA$750
Oxford Circleoxf 1.11BR,1BA$760
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$799
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Preakness ApartmentsP212BR,1BA$815

Best Value Apartments for Rent in Lexington, KY

As of November 06, 2025 the best value apartment in the Lexington area is the $1.00 price per square foot 1312 Fontaine Rd Model at 1312 Fontaine Rd, Unit 1312 in the in the Montclair neighborhood starting from $2,000. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1312 Fontaine Rd, Unit 13121312 Fontaine Rd2BR,2BA$1.00
The Pines3 Bedroom 2.5 Bath3BR,2.5BA$1.07
Georgetown Oaks ApartmentsThree Bedroom3BR,2BA$1.05
Imperial Pointe3 Bedroom3BR,2BA$1.03
Preakness ApartmentsP212BR,1BA$0.88
Springview Apartments2BR/1.0BA2BR,1BA$1.11
4044 Expo Ct, Lexington, KY, 40515-4682Covered front porch2BR,1BA$1.09
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Double Tree Apartments2 Bedroom Traditional2BR,1BA$1.11
Park VistaPV1.11BR,1BA$1.12

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Pet Friendly Lifestyle
Lexington, KY

Ranked #3

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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
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  • Outdoor Access
  • Cost of Living
  • Safety

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 1093 Apartments for Rent in Lexington, KY with pricing that ranges from $625 to $5,000. There are also 355 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lexington ranging from $725 to $5,500.

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 $5,500 with an average monthly rent of $2,635.

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 $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,249 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,350 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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.