Cheap Apartments for Rent in the Masterson Station Neighborhood of Lexington, KY from $600 (19 Rentals)

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

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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Oakdale Apartments
1 to 3 Bedroom Apartments

Oakdale Apartments

2445 Mulundy WayLexington, KY 40511
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Greendale Townhomes
2 to 3 Bedroom Apartments

Greendale Townhomes

1025 Greendale RdLexington, KY 40511
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Wood Edge Villas
1 to 3 Bedroom Apartments

Wood Edge Villas

2781 Jacquelyn LnLexington, KY 40511
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Sandersville Townhomes
2 to 3 Bedroom Apartments

Sandersville Townhomes

2813 Sandersville RdLexington, KY 40511
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Magnolia Springs Lexington
Studio to 2 Bedroom Apartments

Magnolia Springs Lexington

2701 Magnolia DrLexington, KY 40511
Senior Living
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Citation Lofts
Studio Apartments

Citation Lofts

129 FerndaleLexington, KY 40511

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Meadowsweet Ln
3 Bedroom Apartments

Meadowsweet Ln

Meadowsweet LnLexington, KY 40511

Masterson Station, Lexington, KY Local Guide

Cheapest Available Masterson Station Apartments for Rent

 

The cheapest available apartment rental in the Masterson Station area of Lexington, KY is a 1 Bed unit found at Ferrill Square Apartments - 55+ Community priced from $806. Townley Park Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,335. Here are the most affordable Masterson Station apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
Townley Park ApartmentsChurchill2BR,2BA$1,335
The Artisan2 bedroom apt2BR,2BA$1,480
Emerald Twenty Four3 BR Apt.3BR,2BA$1,714
Trailside at McConnells TraceBaybrook3BR,3BA$1,788

Best Value Apartments for Rent in Masterson Station, KY

As of September 20, 2025 the best value apartment in the Masterson Station area is the $1.27 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Georgetown neighborhood starting from $1,909. The second greatest value Masterson Station apartment is the Madison B Model at Trailside at McConnells Trace starting at $2,000 with a $1.52 price per square foot in the Redd Road Rural Historic District neighborhood. Here is today’s list of the best values for Masterson Station apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerald Twenty Four3 BR Townhome + Garage3BR,2.5BA$1.27
Trailside at McConnells TraceMadison B3BR,2.5BA$1.52
The Village at Great AcresBaybrook A3BR,3BA$1.71
The Artisan2 bedroom apt PHASE II2BR,2BA$1.37
Townley Park ApartmentsChurchill2BR,2BA$1.57
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22

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Pet Friendly Lifestyle
Masterson Station, Lexington, KY

Ranked #77

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Masterson Station Neighborhood in Lexington, KY

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Masterson Station Apartments

What is the most affordable Masterson Station Three Bedroom Apartment?

The best deal on a cheap Masterson Station Three Bedroom Apartment rental is at Emerald Twenty Four and starts from $1,714.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.