
Homes for Rent in Lexington, KY Under $1,500 (73 Rentals) Page 2 of 2


2857 Snow Rd

470 Anniston Dr

335 American Ave

529 Smith St

557 N Limestone

1854 Augusta Dr

531 Smith St

767 Maple Ave

566 N Martin Luther King Blvd
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.

3793 Camelot Dr

445 Davidson Ct

311 Christy Allyn Ct

3736 Camelot Dr

528 Booker St

1809 Gerald Dr

1685 Alexandria Dr

403 John Sutherland Dr

531 Bell Pl Dr

1114 Pawnee Trail, Unit 5
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

126 Bourbon Hills Dr

1120 Johnson Ave

725 E College St
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 | $1,497 | $695 | $3,950 |
| Lexington 3 Bedroom Homes for Rent | $1,822 | $995 | $4,999 |
| Lexington 4 Bedroom Homes for Rent | $2,486 | $1,595 | $3,950 |
| Lexington 5 Bedroom Homes for Rent | $2,961 | $2,300 | $3,499 |
Browse Top Homes for Rent in Lexington
Explore Lexington
Lexington, KY Area Reviews
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 1097 Apartments for Rent in Lexington, KY with pricing that ranges from $540 to $6,250. There are also 254 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 $1,872.
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 $4,210, 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

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.

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.

The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities
Written by: Catrina Cowart
I'm Catrina, your ApartmentHomeLiving.

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

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.

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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.