Cheap Apartments for Rent in the Outer Southeast Lexington Neighborhood of Lexington, KY from $400 (153 Rentals)

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

property at 261 Lyndhurst Pl

$589 - $739

Studio To 1 Bedroom Rentals

Available Now

261 Lyndhurst Pl

LexingtonKY40508

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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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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Outer Southeast Lexington, Lexington, KY Local Guide

Cheapest Available Outer Southeast Lexington Apartments for Rent

 

The cheapest available apartment rental in the Outer Southeast Lexington area of Lexington, KY is a Studio unit found at BelleFontaine Apartment Homes priced from $685. Longwood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $730. Here are the most affordable Outer Southeast Lexington apartments for rent in Lexington, KY:

Apartment ListingModel NameBed/BathPriced From
BelleFontaine Apartment Homes0-1Studio,1BA$685
LongwoodJeffery2BR,2BA$730
VELO LexingtonNEWLY RENOVATED, AFFORDABLE, UNFURNISHED STUDIO...1BR,1BA$745
CedarwoodJonahStudio,1BA$749
Townhomes & Flats at FontaineBuilding CStudio,1BA$800
Crescent at Shadeland Apartments0BR/1.0BAStudio,1BA$819
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$865
The Studios at Belmont - MAJOR UTILITIES INCLStudioStudio,1BA$895
Lexington VillasLV111BR,1BA$895
Stoney Brooke ApartmentsAshland - Renovated1BR,1BA$900

Best Value Apartments for Rent in Outer Southeast Lexington, KY

As of April 24, 2026 the best value apartment in the Outer Southeast Lexington area is the $1.03 price per square foot 3 Bedroom 2.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,550. The second greatest value Outer Southeast Lexington apartment is the Guadalupe Model at Saddle Run Townhomes starting at $1,135 with a $1.06 price per square foot in the The Meadows At Brannon Crossing neighborhood. Here is today’s list of the best values for Outer Southeast Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tates Creek Village3 Bedroom 2.5 Bathroom3BR,2.5BA$1.03
Saddle Run TownhomesGuadalupe2BR,1.5BA$1.06
MAA LakepointeRed Hill2BR,2BA$1.26
The Colony at the OaksThe Cypress2BR,1.5BA$1.24
Stoney Brooke ApartmentsLexington - Renovated2BR,2BA$1.29
Brandywine1 Bed1BR,1BA$1.26
Gatehouse Apartments - Most Utl Incl.1 BR1BR,1BA$1.34
Tates Creek Crossings1 Bedroom 1 Bath1BR,1BA$1.29
The Callaway1x1-A1BR,1BA$1.34
Lexington VillasLV111BR,1BA$1.38

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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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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Best Local Schools in
Outer Southeast Lexington, Lexington, KY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Outer Southeast Lexington, Lexington, and the greater Lexington area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Outer Southeast Lexington Apartments

What is a cheap apartment in Outer Southeast Lexington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Outer Southeast Lexington is under $900.

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

The cheapest apartment in Outer Southeast Lexington is BelleFontaine Apartment Homes which is listed at $735, while the average apartment in Outer Southeast Lexington costs $5,200.

What types of apartments are the cheapest in Outer Southeast 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 36 regular apartments in Outer Southeast Lexington 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 Outer Southeast Lexington?

Cheap apartments in Outer Southeast Lexington have an average cost of $711 which is $4,489 cheaper than the average rent for all rentals in Outer Southeast Lexington.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Lexington article

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.