Cheap Homes for Rent in Masterson Station Neighborhood of Lexington, KY from $1,400 (3 Rentals)

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

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.

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.

Best Value Apartments for Rent in Masterson Station, KY

As of January 20, 2026 the best value apartment in the Masterson Station area is the $1.27 price per square foot 3 Bedroom Townhomes + Garage FOR NOV Model at Emerald Twenty Four in the in the Georgetown neighborhood starting from $1,909. The second greatest value Masterson Station apartment is the 2609 Bourbon Walk Model at Citation Lofts starting at $2,200 with a $1.47 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 Bedroom Townhomes + Garage FOR NOV3BR,2.5BA$1.27
Citation Lofts2609 Bourbon Walk2BR,2BA$1.47
Trailside at McConnells TraceBaybrook3BR,3BA$1.57
The Artisan2 bedroom with garage2BR,2BA$1.42
Gated Villa Apartments at KearneyTwo Bedroom2BR,2BA$1.38
The Village at Great AcresBridger2BR,2BA$1.87
Ashton Park ApartmentsAspen1BR,1BA$1.73
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$1.21
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22

Frequently Asked Questions about Masterson Station

What type of rentals are currently available in Masterson Station?

There are currently 26 Apartments for Rent in Masterson Station, KY with pricing that ranges from $740 to $2,200. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Masterson Station ranging from $1,400 to $3,700.

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 $1,400 to $3,700 with an average monthly rent of $2,398.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.