Cheap Apartments for Rent in the Meadowthorpe Neighborhood of Lexington, KY from $600 (16 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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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Whitney Woods
2 to 3 Bedroom Apartments

Whitney Woods

700 Whitney Woods PlLexington, KY 40504
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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 Caballo Crossing priced from $730. 1901 Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here are the most affordable Meadowthorpe apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$730
1901 Apartment Homes1 Bedroom 1 Bathroom1BR,1BA$755
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1BA$805
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$806
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$860

Best Value Apartments for Rent in Meadowthorpe, KY

As of April 22, 2026 the best value apartment in the Meadowthorpe area is the $1.47 price per square foot 2609 Bourbon Walk Model at Citation Lofts in the in the St. Martins Village neighborhood starting from $2,200. The second greatest value Meadowthorpe apartment is the Acacia Model at Ashton Park Apartments starting at $1,525 with a $1.52 price per square foot in the Georgetown 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.
Citation Lofts2609 Bourbon Walk2BR,2BA$1.47
Ashton Park ApartmentsAcacia2BR,2BA$1.52
Thoroughbred Crossing2 Bedrooms W/ Balcony2BR,1BA$1.25
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Twenty Two Twenty2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.95
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.97
1901 Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.13
Ferrill Square Apartments - 55+ CommunityOne Bedroom1BR,1BA$1.22
The Crossings Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.38
Senior Housing 55+ - Christian Towers IIStandard1BR,1BA$1.59

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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How much rent can you afford?

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 Caballo Crossing which is listed at $730, 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 41 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 $1,003 which is $2,342 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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.