
Cheap Homes for Rent in Masterson Station Neighborhood of Lexington, KY from $1,400 (3 Rentals)
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
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307 Alex Ln
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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2561 Spring Valley Loop
Masterson Station, Lexington, KY Local Guide

How much does it cost to rent a home in Masterson Station?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Masterson Station 2 Bedroom Homes for Rent | $1,437 | $1,400 | $1,475 |
| Masterson Station 3 Bedroom Homes for Rent | $1,872 | $1,695 | $2,000 |
| Masterson Station 4 Bedroom Homes for Rent | $2,683 | $2,550 | $2,900 |
| Masterson Station 5 Bedroom Homes for Rent | $3,600 | $3,500 | $3,700 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Masterson Station Neighborhood of Lexington, KY.
Explore Lexington
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Emerald Twenty Four | 3 Bedroom Townhomes + Garage FOR NOV | 3BR,2.5BA | $1.27 |
| Citation Lofts | 2609 Bourbon Walk | 2BR,2BA | $1.47 |
| Trailside at McConnells Trace | Baybrook | 3BR,3BA | $1.57 |
| The Artisan | 2 bedroom with garage | 2BR,2BA | $1.42 |
| Gated Villa Apartments at Kearney | Two Bedroom | 2BR,2BA | $1.38 |
| The Village at Great Acres | Bridger | 2BR,2BA | $1.87 |
| Ashton Park Apartments | Aspen | 1BR,1BA | $1.73 |
| Kearney Ridge - Affordable Housing | One Bedroom | 1BR,1BA | $1.21 |
| Ferrill Square Apartments - 55+ Community | One Bedroom | 1BR,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

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.

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.

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.

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.