Cheap Apartments for Rent in the Lansdowne Merrick Neighborhood of Lexington, KY from $700 (40 Rentals)

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

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.

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Barrel Oaks Apartments
Rent Specials
$969 - $1,399
Total Monthly Price

Total Monthly Price

Base Rent
$969 - $1,399
Total Monthly Price
$969 - $1,399
1 to 3 Bedroom Apartments Available Now

Barrel Oaks Apartments

249 E Reynolds RdLexington, KY 40517
Student Housing
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  • Customer Reviewed
  • 3D Tour

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Merrick Place
1 to 3 Bedroom Apartments

Merrick Place

3260 Commodore DrLexington, KY 40502
  • Utilities Included

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Showing Results 1-40, Page 1 of 1

Cheapest Available Lansdowne Merrick Apartments for Rent

 

The cheapest available apartment rental in the Lansdowne Merrick area of Lexington, KY is a 1 Bed unit found at VELO Lexington priced from $745. Townhomes & Flats at Fontaine has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Lansdowne Merrick apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$819
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$865
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$906
Raintree ApartmentsWillow - A11BR,1BA$914
The Champion at Bluegrass ApartmentsSeattle Slew1BR,1BA$923
Vetra Lexington1 Bedroom 1 Bath1BR,1BA$949
Brandywine1 Bed1BR,1BA$955

Best Value Apartments for Rent in Lansdowne Merrick, KY

As of April 24, 2026 the best value apartment in the Lansdowne Merrick area is the $1.03 price per square foot 3 Bedroom 2.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,550. The second greatest value Lansdowne Merrick apartment is the Nyquist Model at The Champion at Bluegrass Apartments starting at $1,531 with a $1.42 price per square foot in the Boone Creek neighborhood. Here is today’s list of the best values for Lansdowne Merrick apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
The Champion at Bluegrass ApartmentsNyquist3BR,2BA$1.42
The Colony at the OaksThe Cypress2BR,1.5BA$1.24
Mt. Tabor Apartments2 Bed, 1.5 Bath Townhome2BR,1.5BA$1.39
Lakewood Park Apartments1BR/1.0BA1BR,1BA$1.42
Hideaway1 Bedroom 1 Bathroom1BR,1BA$1.41
Brandywine1 Bed1BR,1BA$1.26
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.34
Canter PointeAffirmed - 1x11BR,1BA$1.39
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$1.30

Frequently Asked Questions about Cheap Lansdowne Merrick Apartments

What is a cheap apartment in Lansdowne Merrick?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lansdowne Merrick is under $955.

What is the price of a cheap apartment in Lansdowne Merrick?

The cheapest apartment in Lansdowne Merrick is VELO Lexington which is listed at $745, while the average apartment in Lansdowne Merrick costs $1,776.

What types of apartments are the cheapest in Lansdowne Merrick?

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 28 regular apartments in Lansdowne Merrick 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 Lansdowne Merrick?

Cheap apartments in Lansdowne Merrick have an average cost of $212 which is $1,564 cheaper than the average rent for all rentals in Lansdowne Merrick.

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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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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.