Cheap Homes for Rent in Outer East Lexington Neighborhood of Lexington, KY from $700 (8 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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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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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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 1 Bed unit found at Caballo Crossing priced from $730. The Dawn Run Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here are the most affordable Outer East Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$730
The Dawn Run ApartmentsStudio XLStudio,1BA$790
Valore at the Baxter1 Bed | 1 Bath1BR,1BA$799

Best Value Apartments for Rent in Outer East Lexington, KY

As of June 21, 2026 the best value apartment in the Outer East Lexington area is the $1.18 price per square foot 2 Bedroom Deluxe-Renovated Model at Double Tree Apartments in the in the Shriners neighborhood starting from $1,035. The second greatest value Outer East Lexington apartment is the 1 Bedroom Model at Alcove at Russell starting at $1,075 with a $1.43 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.
Double Tree Apartments2 Bedroom Deluxe-Renovated2BR,1BA$1.18
Alcove at Russell1 Bedroom1BR,1BA$1.43
Alcove at Russell Cave1 Bedroom 1 Bath1BR,1BA$1.44
Caballo Crossing1 Bedroom 1 Bath1BR,1BA$0.97
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.38
Prime Hamburg ApartmentsElite 1 BR1BR,1BA$1.31
Revive 1749 - All Utilities Incl1BR/1.0BA1BR,1BA$1.48
The Dawn Run ApartmentsStudio XLStudio ,1BA$1.32
Valore at the Baxter1 Bed | 1 Bath1BR,1BA$1.34
Courtside Apartments1 Beds, 1 Baths1BR,1BA$1.39

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
Outer East Lexington, Lexington, KY

Ranked #61

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Outer East Lexington, Lexington, KY

School data provided by Great Schools

Frequently Asked Questions about Outer East Lexington

What type of rentals are currently available in Outer East Lexington?

There are currently 116 Apartments for Rent in Outer East Lexington, KY with pricing that ranges from $625 to $2,086. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Outer East Lexington ranging from $795 to $3,750.

What is the current price range for Rental Homes in Outer East Lexington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Outer East Lexington ranges from $795 to $3,750 with an average monthly rent of $1,595.

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.

Helpful Local Expert Guides

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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 Ultimate Lexington Student Housing Guide - Top Neighborhoods for Renting Near Major Universities

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.

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The Southern Spirit: Your Guide to Finding the Perfect Neighborhood to Rent in Lexington

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky. Our team at ApartmentHomeLiving.

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Horses, Hoops, and a Short Commute: Renting Near Lexington's Top Employers

Written by: Catrina Cowart

Hi, I’m Catrina, your ApartmentHomeLiving.com Local Expert for Lexington, Kentucky.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.