Cheap Apartments for Rent in the Joyland Neighborhood of Lexington, KY from $500 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Joyland area of Lexington.

property at 402 Gunn St

$900 - $1,025

1 Bedroom Rentals

Available Now

402 Gunn St

LexingtonKY40508

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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.

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The Ascent1555
Rent Specials
$925 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,345

Total Monthly Price
$925 - $1,345
Studio to 2 Bedroom Apartments Available Apr 10

The Ascent1555

1555 Eastland PkyLexington, KY 40505
Affordability
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Hartford Place
Studio to 2 Bedroom Apartments

Hartford Place

1598 Martha CtLexington, KY 40505
  • Utilities Included
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Parkway Manor
1 to 3 Bedroom Apartments

Parkway Manor

431 Rogers RdLexington, KY 40505
  • Utilities Included

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Heritage Hills
1 to 2 Bedroom Apartments

Heritage Hills

1708 Jennifer RdLexington, KY 40505
  • Utilities Included
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Valore at the Baxter
1 Bedroom Apartments

Valore at the Baxter

1597 Martha CtLexington, KY 40505
Corporate Housing
  • Utilities Included
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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
  • Utilities Included
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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
  • Utilities Included
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330 Newtown Apartments
1 to 3 Bedroom Apartments

330 Newtown Apartments

330 Newtown PikeLexington, KY 40508
  • Utilities Included

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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.

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Fox Run Apartments
Studio to 3 Bedroom Apartments

Fox Run Apartments

1840 Mccullough DrLexington, KY 40511
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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

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524 W Third St
1 Bedroom Apartments

524 W Third St

524 W Third StLexington, KY 40508
  • Utilities Included

Joyland, Lexington, KY Local Guide

Cheapest Available Joyland Apartments for Rent

 

The cheapest available apartment rental in the Joyland area of Lexington, KY is a Studio unit found at The Dawn Run Apartments priced from $625. Caballo Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Joyland apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
The Dawn Run ApartmentsStudio SMStudio,1BA$625
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Valore at the Baxter1B1B1BR,1BA$799
Matador North ApartmentsStudioStudio,1BA$800
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Double Tree ApartmentsStudioStudio,1BA$875
Alcove at Russell1 Bedroom1BR,1BA$1,075
The Flats at 345325 One Bedroom1BR,1BA$1,145
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$1,180
Studios180 - Short/Long Term LeasesStudioStudio,1BA$1,195

Best Value Apartments for Rent in Joyland, KY

As of April 03, 2026 the best value apartment in the Joyland area is the $1.15 price per square foot 3 Bedroom 3 Bath Model at Alcove at Russell Cave in the in the Winburn neighborhood starting from $1,488. The second greatest value Joyland apartment is the 2 Bedroom 1 Bath Model at Caballo Crossing starting at $858 with a $0.95 price per square foot in the Winburn neighborhood. Here is today’s list of the best values for Joyland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alcove at Russell Cave3 Bedroom 3 Bath3BR,2BA$1.15
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
Alcove at Russell1 Bedroom1BR,1BA$1.43
Matador North Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.25
FIFTEEN51 Apartments of LexingtonBlend1BR,1BA$2.00
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
Valore at the Baxter1B1B1BR,1BA$1.34
The Flats at 345325 One Bedroom1BR,1BA$2.20
Double Tree ApartmentsStudio RenovatedStudio ,1BA$2.32
The Dawn Run ApartmentsStudio SMStudio ,1BA$2.12

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Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

Our team compiles millions of data points to bring you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Kentucky and customized analysis for North Central Lexington, KY. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Joyland Apartments

What is a cheap apartment in Joyland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Joyland is under $1,195.

What is the price of a cheap apartment in Joyland?

The cheapest apartment in Joyland is Caballo Crossing which is listed at $700, while the average apartment in Joyland costs $1,769.

What types of apartments are the cheapest in Joyland?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Joyland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Joyland?

Cheap apartments in Joyland have an average cost of $303 which is $1,466 cheaper than the average rent for all rentals in Joyland.

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.

Articles, How-To's, and Tips

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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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