Cheap Apartments for Rent in the Open Gates Neighborhood of Lexington, KY from $500 (36 Rentals)

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

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Flats at Turfland
$895 - $945
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $825
Required Monthly Fees
$120

Total Monthly Price
$895 - $945
1 Bedroom Apartments Available Now

Flats at Turfland

2315 Harrodsburg RdLexington, KY 40504
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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Landing at Malabu
$895 - $945
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $825
Required Monthly Fees
$120

Total Monthly Price
$895 - $945
1 Bedroom Apartments Available Now

Landing at Malabu

848 Malabu DrLexington, KY 40502
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Barrel Oaks Apartments
Rent Specials
$969 - $1,399
Total Monthly Price

Total Monthly Price

Base Rent
$969 - $1,399

Total Monthly Price
$969 - $1,399
1 to 3 Bedroom Apartments Available Now

Barrel Oaks Apartments

249 E Reynolds RdLexington, KY 40517
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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The Axis at 1435
$970 - $1,125
Total Monthly Price

Total Monthly Price

Base Rent
$830 - $985
Required Monthly Fees
$140

Total Monthly Price
$970 - $1,125
Studio to 1 Bedroom Apartments Available Now

The Axis at 1435

1435 Nicholasville RdLexington, KY 40503
Student Housing
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  • Customer Reviewed
  • Utilities Included
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The Vue Lexington
Rent Specials
$995 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$861 - $1,016
Required Monthly Fees
$134

Total Monthly Price
$995 - $1,150
1 to 2 Bedroom Apartments Available Now

The Vue Lexington

2070 Garden Springs DrLexington, KY 40504
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Shillito Park Apartments
$995 - $1,295
Total Monthly Price

Total Monthly Price

Base Rent
$941 - $1,241
Required Monthly Fees
$54

Total Monthly Price
$995 - $1,295
1 to 2 Bedroom Apartments Available Now

Shillito Park Apartments

3500 Beaver Place RdLexington, KY 40503
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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The Colony at the Oaks
$1,023 - $1,757
Total Monthly Price

Total Monthly Price

Base Rent
$1,003 - $1,737
Required Monthly Fees
$20

Total Monthly Price
$1,023 - $1,757
1 to 2 Bedroom Apartments Available Now

The Colony at the Oaks

385 Redding RdLexington, KY 40517
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income

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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.

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

2173 Cypress DrLexington, KY 40504
  • Utilities Included
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Malabu Bridge Condos
1 Bedroom Apartments

Malabu Bridge Condos

828 Malabu DrLexington, KY 40502
  • Utilities Included
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1356 Royalty Ct
1 to 2 Bedroom Apartments

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
  • Utilities Included
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Medical View Properties
1 to 2 Bedroom Apartments

Medical View Properties

805 Press AveLexington, KY 40508
Student Housing
  • Utilities Included
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Lansdowne Grove
Studio to 2 Bedroom Apartments

Lansdowne Grove

3489 Lansdowne DrLexington, KY 40517
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University Flats
2 to 4 Bedroom Apartments

University Flats

1160 University DrLexington, KY 40526
Student Housing
  • Utilities Included

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.

Open Gates, Lexington, KY Local Guide

Cheapest Available Open Gates Apartments for Rent

 

The cheapest available apartment rental in the Open Gates area of Lexington, KY is a 1 Bed unit found at VELO - Waller Avenue priced from $745. Emerson Center 62+ Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Open Gates apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
VELO - Waller AvenueNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
Emerson Center 62+ Senior ApartmentsStudioStudio,1BA$750
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$850
Flats at TurflandFlat - Open Kitchen1BR,1BA$895
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$895
Chelsea Apartments1 Bedroom1BR,1BA$895
Landing at MalabuMalabu Flat 8521BR,1BA$895
Lansdowne ApartmentsLarge 1BR/1BA1BR,1BA$940
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$969
Prime at GardensideThe Beaumont1BR,1BA$975

Best Value Apartments for Rent in Open Gates, KY

As of February 27, 2026 the best value apartment in the Open Gates area is the $1.19 price per square foot The Cypress Model at The Colony at the Oaks in the in the Lansdowne neighborhood starting from $1,252. The second greatest value Open Gates apartment is the 1 Bed 1 Bath Model at Shillito Park Apartments starting at $995 with a $1.24 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Open Gates apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Colony at the OaksThe Cypress2BR,1.5BA$1.19
Shillito Park Apartments1 Bed 1 Bath1BR,1BA$1.24
Lansdowne ApartmentsLarge 2BR/1BA2BR,1BA$1.51
Rivers at BluegrassClassic 1 Bed / 1 Bath1BR,1BA$1.37
The Wellington1 Bedroom1BR,1BA$1.42
Belmont Run ApartmentsOne Bedroom1BR,1BA$1.56
Barrel Oaks ApartmentsTimeless One Bedroom with the Willow1BR,1BA$1.47
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Tates Creek Village1 Bedroom 1 Bathroom1BR,1BA$1.37
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.49

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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Quick Rent Budget Calculator

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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Pet Friendly Lifestyle
Open Gates, Lexington, KY

Ranked #20

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Lexington. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, pet-friendly features, family-friendliness, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Open Gates Apartments

What is a cheap apartment in Open Gates?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Open Gates is under $975.

What is the price of a cheap apartment in Open Gates?

The cheapest apartment in Open Gates is VELO - Waller Avenue which is listed at $745, while the average apartment in Open Gates costs $5,000.

What types of apartments are the cheapest in Open Gates?

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 27 regular apartments in Open Gates 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 Open Gates?

Cheap apartments in Open Gates have an average cost of $366 which is $4,634 cheaper than the average rent for all rentals in Open Gates.

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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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.

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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.