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

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

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2173 Cypress Dr
1 Bedroom Apartments

2173 Cypress Dr

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

Malabu Bridge Condos

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

1356 Royalty Ct

1356 Royalty CtLexington, KY 40504
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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
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Showing Results 1-36, Page 1 of 1

Outer Southwest Lexington, Lexington, KY Local Guide

Cheapest Available Outer Southwest Lexington Apartments for Rent

 

The cheapest available apartment rental in the Outer Southwest Lexington 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 $799. Here are the most affordable Outer Southwest Lexington 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$799
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$840
Flats at TurflandRenovated 1 Bedroom - Open Concept1BR,1BA$895
Chelsea Apartments1 Bedroom1BR,1BA$895
Breckinridge CourtStudio 460 sf (st2)1BR,1BA$895
Landing at Malabu852 Malabu - Newly-Renovated One Bedroom Apartm...1BR,1BA$895
The Callaway1 Bedroom Traditional1BR,1BA$920
The Axis at 1435StudioStudio,1BA$920
Lansdowne ApartmentsLarge 1BR/1BA1BR,1BA$940

Best Value Apartments for Rent in Outer Southwest Lexington, KY

As of October 13, 2025 the best value apartment in the Outer Southwest Lexington area is the $0.88 price per square foot 2 Bedroom 1.5 Bathroom Model at Tates Creek Village in the in the Lansdowne neighborhood starting from $1,050. The second greatest value Outer Southwest Lexington apartment is the Renovated 2 Bed / 1 Bath Deluxe Model at Rivers at Bluegrass starting at $1,449 with a $1.26 price per square foot in the Stonewall Community neighborhood. Here is today’s list of the best values for Outer Southwest Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tates Creek Village2 Bedroom 1.5 Bathroom2BR,1.5BA$0.88
Rivers at BluegrassRenovated 2 Bed / 1 Bath Deluxe2BR,1BA$1.26
Shillito Park Apartments2 Bed 2 Bath2BR,2BA$1.15
Park Thirty992 Bedrooms 2 Bathrooms2BR,2BA$1.15
The Colony at the OaksThe Willow1BR,1BA$1.27
Barrel Oaks ApartmentsCozy Cul de Sac Apartment with Barrel Oaks Amen...2BR,1BA$1.40
Canter PointeAffirmed - 1x11BR,1BA$1.43
The Callaway1 Bedroom Traditional1BR,1BA$1.34
Chelsea Apartments1 Bedroom1BR,1BA$1.39
Brookhaven Apartments1 Bedroom/1 Bath1BR,1BA$1.40

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Pet Friendly Lifestyle
Outer Southwest Lexington, Lexington, KY

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Outer Southwest 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 and customized analysis for Southwest Central Lexington, KY. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Outer Southwest Lexington Apartments

What is the Cheapest Studio apartment in Outer Southwest Lexington?

Currently the most affordable Cheap Studio Apartment in Outer Southwest Lexington is at Emerson Center 62+ Senior Apartments listed at $799.

How much is rent for a Cheap One Bedroom Outer Southwest Lexington Apartment?

The lowest price for a Cheap One Bedroom Outer Southwest Lexington Apartment is $745 at VELO - Waller Avenue.

What is the lowest price for a Cheap Two Bedroom Outer Southwest Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Outer Southwest Lexington is starting from $995 at Regency Apartments at Southland.

What is the most affordable Outer Southwest Lexington Three Bedroom Apartment?

The best deal on a cheap Outer Southwest Lexington Three Bedroom Apartment rental is at Barrel Oaks Apartments and starts from $1,399.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.