Cheap Apartments for Rent in the Meadowthorpe Neighborhood of Lexington, KY from $600 (22 Rentals)

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

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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 1901 Apartment Homes priced from $620. Caballo Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Meadowthorpe apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$620
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$700
Matador North ApartmentsStudioStudio,1BA$800
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806

Best Value Apartments for Rent in Meadowthorpe, KY

As of January 21, 2026 the best value apartment in the Meadowthorpe 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 Meadowthorpe apartment is the Two Bedroom Model at The Stretch starting at $930 with a $0.95 price per square foot in the Downtown Lexington 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.
Emerald Twenty Four3 Bedroom Townhomes + Garage FOR NOV3BR,2.5BA$1.27
The StretchTwo Bedroom2BR,2BA$0.95
Thoroughbred Crossing2 Bedroom Garden floor2BR,1BA$1.22
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
MidTown Apartments1 Bedroom1BR,1BA$1.17
Matador North Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.25
1901 Apartment Homes2 Bedroom, 1 Bathroom1BR,1BA$0.83
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.93
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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.

Frequently Asked Questions about Cheap Meadowthorpe Apartments

What is a cheap apartment in Meadowthorpe?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Meadowthorpe is under $1,100.

What is the price of a cheap apartment in Meadowthorpe?

The cheapest apartment in Meadowthorpe is 1901 Apartment Homes which is listed at $620, while the average apartment in Meadowthorpe costs $3,345.

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 50 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 $1,332 which is $2,013 cheaper than the average rent for all rentals in Meadowthorpe.

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

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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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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.