Cheap Apartments for Rent in the Meadowthorpe Neighborhood of Lexington, KY from $700 (10 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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1416 Townley Dr
Studio Apartments

1416 Townley Dr

1416 Townley DrLexington, KY 40511
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Townley Park East
1 to 2 Bedroom Apartments

Townley Park East

158 Louie PlLexington, KY 40511
  • Utilities Included
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1435 N Forbes Rd
1 Bedroom Apartments

1435 N Forbes Rd

1435 N Forbes RdLexington, KY 40511

Meadowthorpe, Lexington, KY Local Guide

Cheapest Available Meadowthorpe Apartments for Rent

 

The cheapest available apartment rental in the Meadowthorpe area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Davis Park Station - NOW Leasing! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here are the most affordable Meadowthorpe apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$870
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$870

Best Value Apartments for Rent in Meadowthorpe, KY

As of June 01, 2025 the best value apartment in the Meadowthorpe area is the $1.57 price per square foot Baybrook Model at Trailside at McConnells Trace in the in the Redd Road Rural Historic District neighborhood starting from $1,955. The second greatest value Meadowthorpe apartment is the One Bedroom Model at Davis Park Station - NOW Leasing! starting at $870 with a $1.18 price per square foot in the Northside Historic Residential neighborhood. Here is today’s list of the best values for Meadowthorpe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Trailside at McConnells TraceBaybrook3BR,3BA$1.57
Davis Park Station - NOW Leasing!One Bedroom1BR,1BA$1.18
Kearney Ridge - Affordable HousingOne Bedroom1BR,1BA$1.19
Artek Lofts1 Bed, 1 Bath Flat1BR,1BA$2.25
VELO - Waller AvenueFULLY FURNISHED, NEWLY RENOVATED, AFFORDABLE ST...1BR,1BA$3.34

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Pet Friendly Lifestyle
Meadowthorpe, Lexington, KY

Ranked #84

Among neighborhoods in Lexington, KY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Lexington. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Meadowthorpe Neighborhood in Lexington, KY

Walk Score®

70 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Meadowthorpe Apartments

What is the price of a cheap apartment in Meadowthorpe?

The cheapest apartment in Meadowthorpe is VELO - Waller Avenue which is listed at $745, while the average apartment in Meadowthorpe costs $1,905.

What types of apartments are the cheapest in Meadowthorpe?

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 6 regular apartments in Meadowthorpe 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 Meadowthorpe?

Cheap apartments in Meadowthorpe have an average cost of $582 which is $1,323 cheaper than the average rent for all rentals in Meadowthorpe.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.