Cheap Apartments for Rent in the Outer East Lexington Neighborhood of Lexington, KY from $500 (17 Rentals)

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

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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Hartford Place
Studio to 2 Bedroom Apartments

Hartford Place

1598 Martha CtLexington, KY 40505
  • Utilities Included
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Heritage Hills
1 to 2 Bedroom Apartments

Heritage Hills

1708 Jennifer RdLexington, KY 40505
  • Utilities Included
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Parkway Manor
1 to 3 Bedroom Apartments

Parkway Manor

431 Rogers RdLexington, KY 40505
  • Utilities Included
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Derby Pointe
1 to 2 Bedroom Apartments

Derby Pointe

1218 Winburn DrLexington, KY 40511
  • Utilities Included

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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Arlington Lofts
Studio to 1 Bedroom Apartments

Arlington Lofts

1001-1021 N Limestone StLexington, KY 40505
  • Utilities Included
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Valore at the Baxter
1 Bedroom Apartments

Valore at the Baxter

1597 Martha CtLexington, KY 40505
Corporate Housing
  • Utilities Included

Outer East Lexington, Lexington, KY Local Guide

Cheapest Available Outer East Lexington Apartments for Rent

 

The cheapest available apartment rental in the Outer East Lexington area of Lexington, KY is a Studio unit found at Matador North Apartments priced from $800. Caballo Crossing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $858. Here are the most affordable Outer East Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Matador North ApartmentsStudioStudio,1BA$800
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$858
Double Tree Apartments2 Bedroom Traditional2BR,1BA$910
The Dawn Run Apartments2x1 SM2BR,1BA$920
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$995

Best Value Apartments for Rent in Outer East Lexington, KY

As of December 10, 2025 the best value apartment in the Outer East Lexington area is the $1.16 price per square foot Elite 2 BR Model at Eastland Hills Apartments in the in the Liberty Area neighborhood starting from $1,085. The second greatest value Outer East Lexington apartment is the 2 Bedroom 1 Bath Model at Caballo Crossing starting at $858 with a $0.95 price per square foot in the Winburn neighborhood. Here is today’s list of the best values for Outer East Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eastland Hills ApartmentsElite 2 BR2BR,1BA$1.16
Caballo Crossing2 Bedroom 1 Bath2BR,1BA$0.95
The Dawn Run Apartments2x1 SM2BR,1BA$1.08
The Paddock ApartmentsOne Bedroom1BR,1BA$1.32
Revive 1749 - All Utilities Incl2BR/1.0BA2BR,1BA$1.31
Double Tree Apartments2 Bedroom Traditional2BR,1BA$1.11
Matador North Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.25
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.34
1809 at WinchesterA2 Maxima - 1 Bedroom, 1 Bathroom1BR,1BA$2.14

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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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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Pet Friendly Lifestyle
Outer East Lexington, Lexington, KY

Ranked #49

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Outer East Lexington Apartments

What is the price of a cheap apartment in Outer East Lexington?

The cheapest apartment in Outer East Lexington is Matador North Apartments which is listed at $934, while the average apartment in Outer East Lexington costs $1,329.

What types of apartments are the cheapest in Outer East Lexington?

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 10 regular apartments in Outer East Lexington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!