Cheap Homes for Rent in Masterson Station Neighborhood of Lexington, KY from $1,900 (4 Rentals)

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

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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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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.

Masterson Station, Lexington, KY Local Guide

Best Value Apartments for Rent in Masterson Station, KY

As of August 31, 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
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22

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Pet Friendly Lifestyle
Masterson Station, Lexington, KY

Ranked #79

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 Masterson Station

What type of rentals are currently available in Masterson Station?

There are currently 24 Apartments for Rent in Masterson Station, KY with pricing that ranges from $740 to $2,235. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Masterson Station ranging from $1,900 to $2,995.

What is the current price range for Rental Homes in Masterson Station?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Masterson Station ranges from $1,900 to $2,995 with an average monthly rent of $2,184.

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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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.