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.

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Emerald Twenty Four
Rent Specials
$1,189 - $1,936
Total Monthly Price

Total Monthly Price

Base Rent
$1,189 - $1,936

Total Monthly Price
$1,189 - $1,936
Studio to 3 Bedroom Apartments Available Now

Emerald Twenty Four

1024 Greendale RdLexington, KY 40511
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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The Artisan
$1,250 - $1,924
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,924

Total Monthly Price
$1,250 - $1,924
1 to 3 Bedroom Apartments Available Jul 14

The Artisan

2601 Sandersville RdLexington, KY 40511
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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Ashton Park Apartments
$1,325 - $1,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,625

Total Monthly Price
$1,325 - $1,625
1 to 2 Bedroom Apartments Available Aug 12

Ashton Park Apartments

2700 Magnolia Springs DrLexington, KY 40511
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Wood Edge Villas
1 to 3 Bedroom Apartments

Wood Edge Villas

2781 Jacquelyn LnLexington, KY 40511
  • Utilities Included

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Oakdale Apartments
1 to 3 Bedroom Apartments

Oakdale Apartments

2445 Mulundy WayLexington, KY 40511
  • Utilities Included
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Sandersville Townhomes
2 to 3 Bedroom Apartments

Sandersville Townhomes

2813 Sandersville RdLexington, KY 40511
  • Utilities Included

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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 Kearney Ridge - Affordable Housing priced from $885. Gated Villa Apartments at Kearney has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Masterson Station apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$885
Gated Villa Apartments at Kearney1BR/ 1 BA1BR,1BA$1,200
The Village at Great AcresCarson1BR,1BA$1,362
Emerald Twenty Four3 BR Apt.3BR,2BA$1,765
Trailside at McConnells TraceMadison A3BR,2BA$1,835

Best Value Apartments for Rent in Masterson Station, KY

As of June 06, 2026 the best value apartment in the Masterson Station area is the $1.29 price per square foot 3 BR Townhome + Garage Model at Emerald Twenty Four in the in the Georgetown neighborhood starting from $1,936. The second greatest value Masterson Station apartment is the 186 Robinson Way Model at Citation Lofts starting at $3,000 with a $2.00 price per square foot in the St. Martins Village 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$1.29
Citation Lofts186 Robinson Way2BR,2BA$2.00
Trailside at McConnells TraceRockwell3BR,2.5BA$1.60
Gated Villa Apartments at Kearney2 BR / 2BA2BR,2BA$1.57
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$1.21
The Village at Great AcresKenton1BR,1BA$2.58

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Masterson Station, Lexington, KY

Ranked #55

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Masterson Station Apartments

What is the price of a cheap apartment in Masterson Station?

The cheapest apartment in Masterson Station is Kearney Ridge - Affordable Housing which is listed at $885, while the average apartment in Masterson Station costs $2,210.

What types of apartments are the cheapest in Masterson Station?

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 5 regular apartments in Masterson Station 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 Masterson Station?

Cheap apartments in Masterson Station have an average cost of $450 which is $1,760 cheaper than the average rent for all rentals in Masterson Station.

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

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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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The Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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